IBG (Innovation Beverage Group) Days Inventory : 326.68 (As of Dec. 2023)

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What is Innovation Beverage Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovation Beverage Group's Average Total Inventories for the six months ended in Dec. 2023 was $1.15 Mil. Innovation Beverage Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.64 Mil. Hence, Innovation Beverage Group's Days Inventory for the six months ended in Dec. 2023 was 326.68.

The historical rank and industry rank for Innovation Beverage Group's Days Inventory or its related term are showing as below:

IBG' s Days Inventory Range Over the Past 10 Years
Min: 213.26 Med: 285.55 Max: 413.42
Current: 413.42

During the past 4 years, Innovation Beverage Group's highest Days Inventory was 413.42. The lowest was 213.26. And the median was 285.55.

IBG's Days Inventory is ranked worse than
73.13% of 201 companies
in the Beverages - Alcoholic industry
Industry Median: 154.06 vs IBG: 413.42

Innovation Beverage Group's Days Inventory increased from Dec. 2022 (249.60) to Dec. 2023 (326.68). It might indicate that Innovation Beverage Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovation Beverage Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.56.

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. Innovation Beverage Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.75.

Innovation Beverage Group Days Inventory Historical Data

The historical data trend for Innovation Beverage Group'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.

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Innovation Beverage Group Days Inventory Chart

Innovation Beverage Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

353.44

217.66

213.26

400.70

Innovation Beverage Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			217.46	211.57	249.60	552.37	326.68

Competitive Comparison of Innovation Beverage Group's Days Inventory

For the Beverages - Wineries & Distilleries subindustry, Innovation Beverage Group'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.

Innovation Beverage Group's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Innovation Beverage Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovation Beverage Group's Days Inventory falls into.

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Innovation Beverage Group Days Inventory Calculation

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

Innovation Beverage Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.412	+	0.99)	/	2 )	/	1.094	*	365
=	1.201					/	1.094	*	365
=	400.70

Innovation Beverage Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.312	+	0.99)	/	2 )	/	0.643	*	365 / 2
=	1.151					/	0.643	*	365 / 2
=	326.68

Innovation Beverage Group (NAS:IBG) 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.

Innovation Beverage Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.643	/	1.151
	=	0.56

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.

Innovation Beverage Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.151	/	1.534
	=	0.75

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.

Innovation Beverage Group Days Inventory Related Terms

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Innovation Beverage Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Innovation Beverage Group Ltd (NAS:IBG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Anvil Road, Seven Hills, NSW, AUS, 2147

Website

Innovation Beverage Group Ltd is a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands. The company's focus is on premium and super premium brands.