Kona Gold Beverage (Kona Gold Beverage) Change In Inventory : $0.74 Mil (TTM As of Sep. 2023)

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What is Kona Gold Beverage Change In Inventory?

Kona Gold Beverage's change in inventory for the quarter that ended in Sep. 2023 was $0.22 Mil. It means Kona Gold Beverage's inventory declined by $0.22 Mil from Jun. 2023 to Sep. 2023 .

Kona Gold Beverage's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.21 Mil. It means Kona Gold Beverage's inventory increased by $0.21 Mil from Dec. 2021 to Dec. 2022 .

Kona Gold Beverage's Total Inventories for the quarter that ended in Sep. 2023 was $0.33 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kona Gold Beverage's Days Inventory for the quarter that ended in Sep. 2023 was 80.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kona Gold Beverage's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.13.

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. Kona Gold Beverage's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.64.

Kona Gold Beverage Change In Inventory Historical Data

The historical data trend for Kona Gold Beverage's Change In 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.

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Kona Gold Beverage Change In Inventory Chart

Kona Gold Beverage Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.01

-0.62

0.03

0.19

-0.21

Kona Gold Beverage Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.18	0.22	0.22	0.09	0.22

Kona Gold Beverage Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.74 Mil.

Kona Gold Beverage (OTCPK:KGKG) Change In Inventory Explanation

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

Kona Gold Beverage's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.443	/	0.501	*	365 / 4
	=	80.69

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

Kona Gold Beverage's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.501	/	0.443
	=	1.13

3. 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.

Kona Gold Beverage's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.443	/	0.688
	=	0.64

Kona Gold Beverage Change In Inventory Related Terms

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Kona Gold Beverage (Kona Gold Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kona Gold Beverage Inc (OTCPK:KGKG) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

746 North Drive, Suite A, Melbourne, FL, USA, 32934

Website

https://www.konagoldhemp.com

Kona Gold Beverage Inc is a United States-based lifestyle hemp company. The company specializes in developing hemp and CBD products in the functional beverage and fitness markets. The company focuses on the hemp energy drink, low-carb and low-calorie lemonade, and CBD water markets. It generates maximum revenue from retail products.

Executives

Lori A Radcliffe	officer: CFO	1356 GEM CIR, ROCKLEDGE FL 32955
Christopher Selinger	officer: VP OF SALES	11 BELLWOOD FARM LANE, GREENVILLE SC 29607
Matthew R Crystal	director	4937 PASADENA WAY, BROOMFIELD CO 80023
William Jeffrey Outlaw	director	8512 MEADOW VIEW LANE, BAHAMA NC 27503
Robert Clark	director, 10 percent owner, officer: CEO	7823 DESMOND AVE, MELBOURNE FL 32940