Pacific Ventures Group (Pacific Ventures Group) Change In Inventory : $0.05 Mil (TTM As of Sep. 2023)

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What is Pacific Ventures Group Change In Inventory?

Pacific Ventures Group's change in inventory for the quarter that ended in Sep. 2023 was $-0.18 Mil. It means Pacific Ventures Group's inventory increased by $0.18 Mil from Jun. 2023 to Sep. 2023 .

Pacific Ventures Group's change in inventory for the fiscal year that ended in Dec. 2022 was $0.49 Mil. It means Pacific Ventures Group's inventory declined by $0.49 Mil from Dec. 2021 to Dec. 2022 .

Pacific Ventures Group's Total Inventories for the quarter that ended in Sep. 2023 was $1.36 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pacific Ventures Group's Days Inventory for the quarter that ended in Sep. 2023 was 17.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pacific Ventures Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 5.18.

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. Pacific Ventures Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.17.

Pacific Ventures Group Change In Inventory Historical Data

The historical data trend for Pacific Ventures Group's Change In 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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Pacific Ventures Group Change In Inventory Chart

Pacific Ventures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.16

-0.67

-0.39

-0.18

0.49

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.57	0.52	-0.27	-	-0.18

Pacific Ventures Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.05 Mil.

Pacific Ventures Group (OTCPK:PACV) Change In Inventory Explanation

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

Pacific Ventures Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.268	/	6.574	*	365 / 4
	=	17.60

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

Pacific Ventures Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.574	/	1.268
	=	5.18

3. 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.

Pacific Ventures Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.268	/	7.497
	=	0.17

Pacific Ventures Group Change In Inventory Related Terms

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Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090