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BFICQ (BurgerFi International) Total Inventories : $1.3 Mil (As of Mar. 2024)


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What is BurgerFi International Total Inventories?

BurgerFi International's total inventories for the quarter that ended in Mar. 2024 was $1.3 Mil. BurgerFi International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. BurgerFi International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-7.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BurgerFi International's Days Inventory for the three months ended in Mar. 2024 was 3.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. BurgerFi International's Inventory Turnover for the quarter that ended in Mar. 2024 was 28.78.

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. BurgerFi International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.


BurgerFi International Total Inventories Historical Data

The historical data trend for BurgerFi International'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.

BurgerFi International Total Inventories Chart

BurgerFi International Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 0.25 0.27 1.39 1.32 1.19

BurgerFi International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.45 1.44 1.38 1.19 1.31

BurgerFi International 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.


BurgerFi International  (OTCPK:BFICQ) 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.

BurgerFi International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.147+0.75 * 1.355+0.5 * 1.305-200.514
-0-0.5)/27.0422
=-7.22

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

BurgerFi International's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=1.2475/35.907*365 / 4
=3.17

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

BurgerFi International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=35.907 / 1.2475
=28.78

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.

BurgerFi International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=1.2475 / 42.879
=0.03

* 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.


BurgerFi International Total Inventories Related Terms

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BurgerFi International Business Description

Traded in Other Exchanges
N/A
Address
200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309
BurgerFi International Inc is a leading multi-brand restaurant company that develops, markets and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.
Executives
John Rosatti Revocable Trust 10 percent owner U/A DTD 08/27/2001- CUSTODY, 101 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Bachmann Carl J. Iii officer: Chief Executive Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
Christopher Emlyn Jones officer: Chief Financial Officer 205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Shehzaan Chunara 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
Cg2 Capital Llc 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
John Iannucci officer: Chief Operating Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
David Heidecorn director 599 W. PUTNAM AVENUE, GREENWICH CT 06830
Lionheart Equities, Llc 10 percent owner C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Cp7 Warming Bag, L.p. 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ophir Sternberg 10 percent owner C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Stefan Kurt Schnopp officer: See Remarks 105 U.S. HIGHWAY 1, NORTH PALM BEACH FL 33408
Michelle Zavolta officer: Chief People Officer 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Patrick Renna officer: ACFP Brand - President 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Ian Baines director, officer: President and CEO 6820 LBJ FREEWAY, DALLAS TX 75240
Andrew Craig Taub director 599 WEST PUTNAM AVENUE, GREENWICH CT 06830

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