Forbidden Spirits Distilling (TSXV:VDKA.H) Days Inventory

: 655.04 (As of Sep. 2022)

View and export this data going back to 2021. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Forbidden Spirits Distilling's Average Total Inventories for the three months ended in Sep. 2022 was C$0.70 Mil. Forbidden Spirits Distilling's Cost of Goods Sold for the three months ended in Sep. 2022 was C$0.10 Mil. Hence, Forbidden Spirits Distilling's Days Inventory for the three months ended in Sep. 2022 was 655.04.

The historical rank and industry rank for Forbidden Spirits Distilling's Days Inventory or its related term are showing as below:

TSXV:VDKA.H's Days Inventory is not ranked ^*
in the Beverages - Alcoholic industry.
Industry Median: 156.14
* Ranked among companies with meaningful Days Inventory only.

Forbidden Spirits Distilling's Days Inventory declined from Sep. 2021 (662.68) to Sep. 2022 (655.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Forbidden Spirits Distilling's Inventory Turnover for the three months ended in Sep. 2022 was 0.14.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Forbidden Spirits Distilling's Inventory-to-Revenue for the three months ended in Sep. 2022 was 2.17.

Forbidden Spirits Distilling Days Inventory Historical Data

The historical data trend for Forbidden Spirits Distilling's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Days Inventory

322.56

344.52

612.10

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial					662.68	432.02	1,685.44	752.03	655.04

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forbidden Spirits Distilling Days Inventory Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's Days Inventory distribution charts can be found below:

* The bar in red indicates where Forbidden Spirits Distilling's Days Inventory falls into.

Forbidden Spirits Distilling Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Forbidden Spirits Distilling's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.441	+	0.535)	/	2 )	/	0.291	*	365
=	0.488					/	0.291	*	365
=	612.10

Forbidden Spirits Distilling's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.713	+	0.694)	/	2 )	/	0.098	*	365 / 4
=	0.7035					/	0.098	*	365 / 4
=	655.04

Forbidden Spirits Distilling (TSXV:VDKA.H) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Forbidden Spirits Distilling's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.098	/	0.7035
	=	0.14

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Forbidden Spirits Distilling's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7035	/	0.324
	=	2.17

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Forbidden Spirits Distilling Days Inventory Related Terms

Thank you for viewing the detailed overview of Forbidden Spirits Distilling's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

Forbidden Spirits Distilling (TSXV:VDKA.H) Headlines

No Headlines