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Blue Star Foods (Blue Star Foods) Total Inventories : $2.28 Mil (As of Mar. 2024)


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What is Blue Star Foods Total Inventories?

Blue Star Foods's total inventories for the quarter that ended in Mar. 2024 was $2.28 Mil. Blue Star Foods's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $2.44 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Blue Star Foods's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Blue Star Foods's Days Inventory for the three months ended in Mar. 2024 was 106.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Blue Star Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.85.

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. Blue Star Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.


Blue Star Foods Total Inventories Historical Data

The historical data trend for Blue Star Foods'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.

Blue Star Foods Total Inventories Chart

Blue Star Foods Annual Data
Trend Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 7.98 1.83 2.12 4.81 2.61

Blue Star Foods 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 3.51 3.15 1.99 2.61 2.28

Blue Star Foods 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.


Blue Star Foods  (NAS:BSFC) 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.

Blue Star Foods'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)
=(0.022+0.75 * 0.911+0.5 * 2.28-4.282
-0-0)/0.71571
=-3.40

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

Blue Star Foods'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
=2.4445/2.089*365 / 4
=106.78

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

Blue Star Foods'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 )
=2.089 / 2.4445
=0.85

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.

Blue Star Foods'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 )
=2.4445 / 2.26
=1.08

* 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.


Blue Star Foods Total Inventories Related Terms

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Blue Star Foods (Blue Star Foods) Business Description

Traded in Other Exchanges
N/A
Address
3000 NW,109th Avenue, Miami, FL, USA, 33172
Blue Star Foods Corp is an international seafood company based in Miami. It imports, packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. The company derives revenue from importing blue and red swimming crab meat from Indonesia, Philippines and China and distributing it in the United States and Canada under several premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company's products are sold in the United States and Canada.
Executives
Nubar Herian director 1120 NW 165TH STREET, MIAMI FL 33169
Jeffrey J Guzy director 3130 19TH STREET, NORTH, ARLINGTON VA 22201
Trond K. Ringstad director 1511 THIRD AVENUE, SUITE 788, SEATTLE WA 98101
John R Keeler director, 10 percent owner, officer: Executive Chairman 3000 NW 109TH AVE, MIAMI FL 33172
Juan Carlos Dalto director 3059 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Miozotis Ponce officer: Chief Operating Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Silvia Sosa Alana officer: Chief Financial Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Timothy Andrew Mclellan director 11016 MILL CREEK WAY, #2407, FORT MYERS FL 33913
Christopher Constable director, officer: CFO, Treasurer and Secretary 3000 NW 109TH AVE, MIAMI FL 33172
Carlos Faria director, 10 percent owner, officer: President and CEO 3000 NW 109TH AVE, MIAMI FL 33172
Laura E Anthony director, 10 percent owner, officer: Former CFO Director+10% Holder LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401
Howard Gostfrand director, 10 percent owner, officer: Former CEO Director+10% Holder 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401