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Freshpet (Freshpet) Total Inventories : $63.2 Mil (As of Dec. 2023)


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What is Freshpet Total Inventories?

Freshpet's total inventories for the quarter that ended in Dec. 2023 was $63.2 Mil. Freshpet's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $61.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Freshpet's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Freshpet's Days Inventory for the three months ended in Dec. 2023 was 39.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Freshpet's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.30.

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. Freshpet's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.


Freshpet Total Inventories Historical Data

The historical data trend for Freshpet's Total Inventories 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.

Freshpet Total Inventories Chart

Freshpet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.54 19.12 35.57 58.29 63.24

Freshpet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.29 66.32 65.27 59.06 63.24

Freshpet Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Freshpet  (NAS:FRPT) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Freshpet's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(296.871+0.75 * 56.754+0.5 * 63.238-510.967
-0-0)/48.2631
=-2.90

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

Freshpet's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=61.1505/140.846*365 / 4
=39.62

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

Freshpet's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=140.846 / 61.1505
=2.30

4. 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.

Freshpet's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=61.1505 / 215.421
=0.28

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Freshpet Total Inventories Related Terms

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Freshpet (Freshpet) Business Description

Traded in Other Exchanges
Address
400 Plaza Drive, 1st Floor, Secaucus, NJ, USA, 07094
Freshpet Inc manufactures and markets natural fresh meals and treats for dogs and cats. The Company's products are distributed throughout the United States, Canada and other international markets, into major retail classes including Grocery (including online), Mass and Club, Pet Specialty, and Natural retail. The company's products include Nature's Fresh, Deli Fresh, Vital, and Freshpet among others.
Executives
Stephen Macchiaverna officer: EVP, Secretary & Treasurer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Nishu D. Patel officer: Vice President and Controller C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Walter N. George director 4100 N. MULBERRY DRIVE, SUITE 200, KANSAS CITY MO 64116
David J West director 100 CRYSTAL A DRIVE, HERSHEY PA 17033
David Biegger director ONE CAMPBELL PLACE, CAMDEN NJ 08103
Cathal Walsh officer: See Remarks C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Todd E Cunfer officer: Chief Financial Officer 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Stephen Weise officer: EVp of Manufg & Supply Chain C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
J David Basto director C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Charles A Norris director, 10 percent owner 481 DENSLOW AVE, LOS ANGELES CA 90049
William B. Cyr officer: Chief Executive Officer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Scott James Morris officer: Chief Marketing Officer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Ivan Garcia officer: VP of Finance & Controller C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Craig D. Steeneck director 13665 VANDERBILT DRIVE, UNIT 704, NAPLES FL 34110
Daryl G Brewster director KRISPY KREME DOUGHNUTS, INC., 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103