IVFH (Innovative Food Holdings) Total Inventories : $6.29 Mil (As of Dec. 2024)

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What is Innovative Food Holdings Total Inventories?

Innovative Food Holdings's total inventories for the quarter that ended in Dec. 2024 was $6.29 Mil. Innovative Food Holdings's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $4.71 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Innovative Food Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innovative Food Holdings's Days Inventory for the three months ended in Dec. 2024 was 23.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovative Food Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.81.

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. Innovative Food Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.21.

Innovative Food Holdings Total Inventories Historical Data

The historical data trend for Innovative Food Holdings'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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Innovative Food Holdings Total Inventories Chart

Innovative Food Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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3.72

3.11

3.05

2.96

6.29

Innovative Food Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															2.96	2.84	2.76	3.13	6.29

Innovative Food Holdings 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.

Innovative Food Holdings (OTCPK:IVFH) 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.

Innovative Food Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.331	+	0.75 * 9.039	+	0.5 * 6.29	-	19.172
-	0	-	0)	/	53.165
=	-0.13

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

Innovative Food Holdings's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	4.712	/	17.968	*	365 / 4
	=	23.93

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

Innovative Food Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	17.968	/	4.712
	=	3.81

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.

Innovative Food Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	4.712	/	22.736
	=	0.21

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.

Innovative Food Holdings Total Inventories Related Terms

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Innovative Food Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Innovative Food Holdings Inc (OTCPK:IVFH) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

9696 Bonita Beach Road, Suite 208, Bonita Springs, FL, USA, 34135

Website

https://www.ivfh.com

Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products. Its customers include restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses. The company distributes perishable and specialty food and food-related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegar. The company also drop ship specialty foods to Professional Chefs nationally through the websites of broadline distributors, such as US Foods, Inc.

Executives

Samuel Klepfish	director, officer: CEO	231 NORMAN AVENUE, BROOKLYN NY 11222
James C Pappas	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Denver Johnson Smith	director	350 S RACE STREET, DENVER CO 80209
Jefferson Gramm	director	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Brady Smallwood	director, officer: Chief Operating Officer	4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
Robert William Bennett	director, officer: Chief Executive Officer	28411 RACETRACK RD, BONITA SPRINGS FL 34135
Hank Cohn	director	14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
Richard Tang	officer: Chief Financial Officer	C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
David Polinsky	director	90 BOOTH AVENUE, ENGLEWOOD NJ 07631
Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Mark Schmulen	10 percent owner, other: See Explanation of Responses	11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Loukas D. Kozonis	10 percent owner, other: See Explanation of Responses	4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630
Jcp Investment Holdings, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027