Splash Beverage Group (Splash Beverage Group) Total Inventories : $2.25 Mil (As of Dec. 2023)

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What is Splash Beverage Group Total Inventories?

Splash Beverage Group's total inventories for the quarter that ended in Dec. 2023 was $2.25 Mil. Splash Beverage Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2.58 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Splash Beverage Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Splash Beverage Group's Days Inventory for the three months ended in Dec. 2023 was 120.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Splash Beverage Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.76.

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. Splash Beverage Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.96.

Splash Beverage Group Total Inventories Historical Data

The historical data trend for Splash Beverage Group'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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Splash Beverage Group Total Inventories Chart

Splash Beverage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.03

0.80

1.92

3.72

2.25

Splash Beverage Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															3.72	3.15	3.45	2.91	2.25

Splash Beverage Group 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.

Splash Beverage Group (AMEX:SBEV) 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.

Splash Beverage Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.38	+	0.75 * 0.891	+	0.5 * 2.252	-	15.504
-	0	-	0)	/	44.3301
=	-0.30

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

Splash Beverage Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.5795	/	1.955	*	365 / 4
	=	120.40

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

Splash Beverage Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1.955	/	2.5795
	=	0.76

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.

Splash Beverage Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.5795	/	2.688
	=	0.96

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.

Splash Beverage Group Total Inventories Related Terms

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Splash Beverage Group (Splash Beverage Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Splash Beverage Group Inc (AMEX:SBEV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

1314 East Las Olas Boulevard, Suite 221, Fort Lauderdale, FL, USA, 33301

Website

https://www.splashbeveragegroup.com

Splash Beverage Group Inc is a portfolio company managing multiple brands across several growth segments within the consumer beverage industry. SBG operates in both the non-alcoholic and alcoholic beverage segments. The company's operations have its own vertically integrated B-to-B and B-to-C e-commerce distribution platform called Qplash, further expanding its distribution abilities and visibility. Its brands include TapouT and Salt Tequila. The company operates in two segments: Splash Beverage Group and E-Commerce.

Executives

Frederick William Caple	director	853 VANDERBILT BEACH RD., #218, NAPLES FL 34108
Robert Nistico	director, officer: CEO, President and Chairman	1314 E. LAS OLAS BLVD, SUITE #221, FT LAUDERDALE FL 33301
Ronald Charles Wall	officer: Chief Financial Officer	1453 BISCAYA DRIVE, SURFSIDE FL 33154
William R. Meissner	officer: President and CMO	C/O JONES SODA CO., 234 9TH AVENUE NORTH, SEATTLE WA 98109
Fatima Dhalla	officer: Interim CFO	1010 PALM AVE, #302, WEST HOLLYWOOD CA 90069
Candace Crawford	director	1314 EAST LS OLAS BLVD, SUITE 221, FORT LAUDERDALE FL 33301
Peter J Mcdonough	director	405 PARK AVENUE, NEW YORK NY 10022
Dean Scott Huge	officer: Chief Financial Officer	2817 NE 32ND STREET, #201, FORT LAUDERDALE FL 33306
Justin W Yorke	director, 10 percent owner, officer: Secretary	C/O JMG EXPLORATION, 180 SOUTH LAKE AVENUE, PASADENA CA 91101
Michael Thomas Long	director	1603 PASEO CARMEL, SAN DIMAS CA 91773
John Matthias Lepo	director	927 15TH STREET, SUITE #1, SANTA MONICA CA 90403
Heather Kearns	officer: Chief Executive Officer	4704 SONADO PL, PARKER CO 80134
Michael J. West	director, 10 percent owner, officer: President and CEO	16325 EAST DORADO AVE., CENTENNIAL CO 80111
Wesbev Llc	10 percent owner	4 RICHLAND PLACE, PASADENA CA 91103
Stephen H. West	director, officer: CFO and Secretary	16325 EAST DORADO AVE., CENTENNIAL CO 80111