Innovative Food Holdings (Innovative Food Holdings) Days Inventory : 17.75 (As of Dec. 2023)

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What is Innovative Food Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovative Food Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $2.98 Mil. Innovative Food Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.32 Mil. Hence, Innovative Food Holdings's Days Inventory for the three months ended in Dec. 2023 was 17.75.

The historical rank and industry rank for Innovative Food Holdings's Days Inventory or its related term are showing as below:

IVFH' s Days Inventory Range Over the Past 10 Years
Min: 11.58 Med: 18.25 Max: 29.27
Current: 19.56

During the past 13 years, Innovative Food Holdings's highest Days Inventory was 29.27. The lowest was 11.58. And the median was 18.25.

IVFH's Days Inventory is ranked better than
78.15% of 302 companies
in the Retail - Defensive industry
Industry Median: 36.205 vs IVFH: 19.56

Innovative Food Holdings's Days Inventory increased from Dec. 2022 (15.32) to Dec. 2023 (17.75). It might indicate that Innovative Food Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovative Food Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 5.14.

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 three months ended in Dec. 2023 was 0.16.

Innovative Food Holdings Days Inventory Historical Data

The historical data trend for Innovative Food Holdings'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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Innovative Food Holdings Days Inventory Chart

Innovative Food Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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20.58

29.27

27.54

18.33

20.11

Innovative Food Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															15.32	21.47	18.33	20.59	17.75

Competitive Comparison of Innovative Food Holdings's Days Inventory

For the Food Distribution subindustry, Innovative Food Holdings'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.

Innovative Food Holdings's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Innovative Food Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovative Food Holdings's Days Inventory falls into.

Innovative Food Holdings Days Inventory Calculation

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 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
=	( (3.054	+	2.973)	/	2 )	/	54.693	*	365
=	3.0135					/	54.693	*	365
=	20.11

Innovative Food Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.986	+	2.973)	/	2 )	/	15.32	*	365 / 4
=	2.9795					/	15.32	*	365 / 4
=	17.75

Innovative Food Holdings (OTCPK:IVFH) 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.

Innovative Food Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.32	/	2.9795
	=	5.14

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.

Innovative Food Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.9795	/	19.09
	=	0.16

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.

Innovative Food Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Innovative Food Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovative Food Holdings (Innovative Food Holdings) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

28411 Race Track Road, 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.

Executives

Samuel Klepfish	director, officer: CEO	231 NORMAN AVENUE, BROOKLYN NY 11222
Robert William Bennett	director, officer: Chief Executive Officer	28411 RACETRACK RD, BONITA SPRINGS FL 34135
Richard Tang	officer: Chief Financial Officer	C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
Denver Johnson Smith	director	350 S RACE STREET, DENVER CO 80209
Brady Smallwood	director, officer: Chief Operating Officer	4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
James C Pappas	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jefferson Gramm	director	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Hank Cohn	director	14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
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