Jones Soda Co (Jones Soda Co) Total Inventories : $2.39 Mil (As of Dec. 2023)

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What is Jones Soda Co Total Inventories?

Jones Soda Co's total inventories for the quarter that ended in Dec. 2023 was $2.39 Mil. Jones Soda Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2.52 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jones Soda Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jones Soda Co's Days Inventory for the three months ended in Dec. 2023 was 81.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jones Soda Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

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. Jones Soda Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.72.

Jones Soda Co Total Inventories Historical Data

The historical data trend for Jones Soda Co'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.

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Jones Soda Co Total Inventories Chart

Jones Soda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1.79

1.86

1.92

2.62

2.39

Jones Soda Co 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															2.62	3.29	2.54	2.65	2.39

Jones Soda Co 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.

Jones Soda Co (OTCPK:JSDA) 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.

Jones Soda Co'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)
=	(3.867	+	0.75 * 2.118	+	0.5 * 2.392	-	2.356
-	0	-	0)	/	101.258
=	0.04

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

Jones Soda Co'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
	=	2.52	/	2.815	*	365 / 4
	=	81.69

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

Jones Soda Co'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 )
	=	2.815	/	2.52
	=	1.12

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.

Jones Soda Co'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 )
	=	2.52	/	3.496
	=	0.72

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.

Jones Soda Co Total Inventories Related Terms

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Jones Soda Co (Jones Soda Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Jones Soda Co (OTCPK:JSDA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4786 1st Avenue South, Suite 103, Seattle, WA, USA, 98134

Website

https://www.jonessoda.com

Jones Soda Co develops, produces, markets and distributes premium beverages which the company sells and distributes in the United States and Canada through its network of independent distributors and directly to its national and regional retail accounts. The company's products are sold in grocery stores, convenience and gas stores, restaurants, and sandwich shops among others. Geographically, the firm generates a majority of its revenue from the United States.

Executives

Gregg Reichman	director	4786 1ST AVENUE SOUTH, SUITE 103, SEATTLE WA 98134
David A. Knight	officer: CEO, President	C/O REGO PAYMENT ARCHITECTURES, INC., 18327 GRIDLEY ROAD, SUITE K, CERRITOS CA 90703
Ronald L Dissinger	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Sol Global Investments Corp.	10 percent owner	100 KING STREET WEST, SUITE 5600, TORONTO A6 M5X 1C9
Alex Spiro	director	25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Chad Bronstein	director	C/O JONES SODA CO., 66 S. HANFORD STREET, STE 150, SEATTLE WA 98134
Mark F. Murray	director, officer: President and CEO	C/O JONES SODA CO., 66 S. HANFORD STREET, STE 150, SEATTLE WA 98134
Robert Wesley Blair	officer: Chief Marketing Officer	C/O JONES SODA CO., 66 S. HANFORD STREET, STE 150, SEATTLE WA 98134
Mick Fleming	director	C/O JONES SODA CO., 234 9TH AVE N, SEATTLE WA 98109
Jeffrey D. Anderson	director	66 S. HANFORD ST., SUITE 150, SEATTLE WA 98134
Joe Culp	officer: Controller, PFO,PAO	C/O JONES SODA CO., 66 S. HANFORD STREET, STE 150, SEATTLE WA 98134
Paul T Norman	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Clive M Sirkin	director	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Jamie Colbourne	director, officer: Acting Prin. Financial Officer	C/O JONES SODA CO., 66 S. HANFORD STREET, STE 150, SEATTLE WA 98134
Heavenly Rx Ltd.	10 percent owner	100 KING STREET WEST, SUITE 5600, TORONTO A6 M5X1CR