Castle Brands (Castle Brands) Total Inventories : $46.14 Mil (As of Jun. 2019)

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What is Castle Brands Total Inventories?

Castle Brands's total inventories for the quarter that ended in Jun. 2019 was $46.14 Mil. Castle Brands's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Jun. 2019 was $45.19 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Castle Brands's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $-0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Castle Brands's Days Inventory for the three months ended in Jun. 2019 was 298.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Castle Brands's Inventory Turnover for the quarter that ended in Jun. 2019 was 0.31.

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. Castle Brands's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 2.00.

Castle Brands Total Inventories Historical Data

The historical data trend for Castle Brands'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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Castle Brands Total Inventories Chart

Castle Brands Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Total Inventories

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21.07

25.74

28.95

34.56

44.23

Castle Brands Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Total Inventories	Get a 7-Day Free Trial															37.99	40.61	43.16	44.23	46.14

Castle Brands 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.

Castle Brands (AMEX:ROX) 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.

Castle Brands's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 is

	Net-Net Working Capital Per Share (Q: Jun. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.498	+	0.75 * 14.223	+	0.5 * 46.142	-	65.767
-	0	-	6.888)	/	169.274
=	-0.23

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

Castle Brands's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	45.187	/	13.795	*	365 / 4
	=	298.90

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

Castle Brands's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2019 )	/	Average Total Inventories (Q: Jun. 2019 )
	=	13.795	/	45.187
	=	0.31

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.

Castle Brands's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	45.187	/	22.636
	=	2.00

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.

Castle Brands Total Inventories Related Terms

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Castle Brands (Castle Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Castle Brands Inc (AMEX:ROX) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

122 East 42nd Street, Suite 5000, New York, NY, USA, 10168

Website

http://www.castlebrandsinc.com

Castle Brands Inc is a US based company engaged in developing and marketing premium and super premium brands in the beverage alcohol categories. Its product categories include rum, whiskey, liqueurs, vodka, tequila, wine, and other spirits, as well as ginger beer and ready-to-drink cocktails. Geographically business presence of the firm can be seen across the US and international market. The products are offered under Gosling's rum, Gosling's Stormy Ginger Beer, Jefferson's Bourbon, Jefferson's Reserve, Barrel Finished Cocktail, Jefferson's Presidential Select, Jefferson's Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady's Irish Cream, Boru vodka, Gozio amaretto in many other brands. Castle derives revenue from the sale of these beverages.

Executives

Frost Phillip Md Et Al	director, 10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Richard M Krasno	director	C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Richard Lampen	director, officer: President and CEO	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick	director	GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Frost Nevada Investments Trust	10 percent owner	4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Henry C Beinstein	director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Glenn L Halpryn	director	4400 BISCAYNE BOULEVARD, SUITE 950, MIAMI FL 33137
Harvey P Eisen	director	100 SOUTH BEDFORD ROAD, MT KISCO NY 10549
Vector Group Ltd	10 percent owner	4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137
Robert J Flanagan	director	C/O SAGENT PHARMACEUTICALS, INC., 1901 NORTH ROSELLE ROAD, SUITE 700, SCHAUMBURG IL 60195
Seth Weinberg	officer: SVP, General Counsel&Secretary	C/O CASTLE BRANDS INC., 570 LEXINGTON AVENUE, NEW YORK NY 10022
Mellon Hbv Alternative Strategies Llc	10 percent owner	49 WEST MERRICK ROAD, SUITE 202, FREEPORT NY 11520