Eastside Distilling (Eastside Distilling) Days Inventory : 145.81 (As of Dec. 2023)

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What is Eastside Distilling Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eastside Distilling's Average Total Inventories for the three months ended in Dec. 2023 was $3.39 Mil. Eastside Distilling's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.12 Mil. Hence, Eastside Distilling's Days Inventory for the three months ended in Dec. 2023 was 145.81.

The historical rank and industry rank for Eastside Distilling's Days Inventory or its related term are showing as below:

EAST' s Days Inventory Range Over the Past 10 Years
Min: 145.54 Med: 249.23 Max: 721
Current: 145.54

During the past 13 years, Eastside Distilling's highest Days Inventory was 721.00. The lowest was 145.54. And the median was 249.23.

EAST's Days Inventory is ranked better than
54.15% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 160.75 vs EAST: 145.54

Eastside Distilling's Days Inventory declined from Dec. 2022 (174.87) to Dec. 2023 (145.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eastside Distilling's Inventory Turnover for the three months ended in Dec. 2023 was 0.63.

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. Eastside Distilling's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.69.

Eastside Distilling Days Inventory Historical Data

The historical data trend for Eastside Distilling'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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Eastside Distilling Days Inventory Chart

Eastside Distilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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437.91

243.71

254.74

174.68

148.00

Eastside Distilling 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															174.87	173.90	131.58	132.44	145.81

Competitive Comparison of Eastside Distilling's Days Inventory

For the Beverages - Wineries & Distilleries subindustry, Eastside Distilling'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.

Eastside Distilling's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Eastside Distilling's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eastside Distilling's Days Inventory falls into.

Eastside Distilling Days Inventory Calculation

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

Eastside Distilling'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
=	( (4.442	+	3.212)	/	2 )	/	9.438	*	365
=	3.827					/	9.438	*	365
=	148.00

Eastside Distilling'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
=	( (3.563	+	3.212)	/	2 )	/	2.12	*	365 / 4
=	3.3875					/	2.12	*	365 / 4
=	145.81

Eastside Distilling (NAS:EAST) 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.

Eastside Distilling's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.12	/	3.3875
	=	0.63

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.

Eastside Distilling's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.3875	/	2.002
	=	1.69

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.

Eastside Distilling Days Inventory Related Terms

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

Eastside Distilling (Eastside Distilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Eastside Distilling Inc (NAS:EAST) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2321 NE Argyle Street, Unit D, Portland, OR, USA, 97211

Website

https://www.eastsidedistilling.com

Eastside Distilling Inc is a producer and marketer of Craft Canning + Printing and spirits. Its alcoholic beverage categories include whiskey, vodka, gin, rum, tequila, and Ready-to-Drink. Some of its brands include Azunia Tequila, Hue-Hue Coffee Rum, Portland Potato Vodka, and Burnside Whiskey. It operates in a two segment of packaging, producing, marketing, and distributing alcoholic beverages. Craft Canning + Printing includes, Digital Can Printing, Co-packing Facility and Mobile Canning. The company distributes its products in 33 states of the United States.

Executives

Elizabeth Ann Levy-navarro	director	C/O EASTSIDE DISTILLING, INC., 8911 NE MARX DRIVE, SUITE A2, PORTLAND OR 97220
Eric J. Finnsson	director	C/O EASTSIDE DISTILLING, INC., 1001 SE WATER AVENUE, #390 OR 97214
Bigger Capital Fund Gp, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
Bigger Capital, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
District 2 Gp Llc	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
District 2 Holdings Llc	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
Bigger Capital Fund L P	10 percent owner	159 JENNINGS RD, COLD SPRING HARBOR NY 11724
District 2 Capital Fund Lp	10 percent owner	14 WALL STREET, 2ND FLOOR, HUNTINGTON NY 11743
B.a.d. Company, Llc	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
District 2 Capital Lp	10 percent owner	175 W CARVER STREET, HUNTINGTON NY 11743
Michael Bigger	10 percent owner	11700 W CHARLESTON BLVD 170-659, LAS VEGAS NV 89135
Geoffrey C Gwin	officer: Chief Financial Officer	238 BLACK ROCK TPK, REDDING CT 06896
Joseph D Giansante	director	2321 NE ARGYLE STREET, UNIT D, PORTLAND OR 97211
Patrick J. Kilkenny	10 percent owner	P.O. BOX 1641, RANCHO SANTA FE CA 92067
Amy Lee Brassard	officer: Corporate Secretary	8911 NE MARX DRIVE, SUITE A2, PORTLAND OR 97220