Blue Star Foods (Blue Star Foods) Days Inventory : 106.78 (As of Mar. 2024)

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What is Blue Star Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Blue Star Foods's Average Total Inventories for the three months ended in Mar. 2024 was $2.44 Mil. Blue Star Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.09 Mil. Hence, Blue Star Foods's Days Inventory for the three months ended in Mar. 2024 was 106.78.

The historical rank and industry rank for Blue Star Foods's Days Inventory or its related term are showing as below:

BSFC' s Days Inventory Range Over the Past 10 Years
Min: 90.38 Med: 141.4 Max: 226.85
Current: 153.46

During the past 7 years, Blue Star Foods's highest Days Inventory was 226.85. The lowest was 90.38. And the median was 141.40.

BSFC's Days Inventory is ranked worse than
77.82% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.97 vs BSFC: 153.46

Blue Star Foods's Days Inventory declined from Mar. 2023 (235.25) to Mar. 2024 (106.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Blue Star Foods's Inventory Turnover for the three months 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 three months ended in Mar. 2024 was 1.08.

Blue Star Foods Days Inventory Historical Data

The historical data trend for Blue Star Foods'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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Blue Star Foods Days Inventory Chart

Blue Star Foods Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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141.40

141.93

90.38

94.21

226.85

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
Days Inventory	Get a 7-Day Free Trial															235.25	193.04	147.80	176.07	106.78

Competitive Comparison of Blue Star Foods's Days Inventory

For the Packaged Foods subindustry, Blue Star Foods'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.

Blue Star Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Blue Star Foods's Days Inventory distribution charts can be found below:

* The bar in red indicates where Blue Star Foods's Days Inventory falls into.

Blue Star Foods Days Inventory Calculation

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 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
=	( (4.808	+	2.609)	/	2 )	/	5.967	*	365
=	3.7085					/	5.967	*	365
=	226.85

Blue Star Foods's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.609	+	2.28)	/	2 )	/	2.089	*	365 / 4
=	2.4445					/	2.089	*	365 / 4
=	106.78

Blue Star Foods (NAS:BSFC) 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.

Blue Star Foods's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.089	/	2.4445
	=	0.85

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.

Blue Star Foods's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.4445	/	2.26
	=	1.08

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.

Blue Star Foods Days Inventory Related Terms

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

Blue Star Foods (Blue Star Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Blue Star Foods Corp (NAS:BSFC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3000 NW,109th Avenue, Miami, FL, USA, 33172

Website

https://www.bluestarfoods.com

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