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Eastside Distilling (Eastside Distilling) Inventory Turnover : 0.70 (As of Mar. 2024)


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What is Eastside Distilling Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Eastside Distilling's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.23 Mil. Eastside Distilling's Average Total Inventories for the quarter that ended in Mar. 2024 was $3.20 Mil. Eastside Distilling's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

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 three months ended in Mar. 2024 was 131.26.

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 quarter that ended in Mar. 2024 was 1.33.


Eastside Distilling Inventory Turnover Historical Data

The historical data trend for Eastside Distilling's Inventory Turnover 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.

* Premium members only.

Eastside Distilling Inventory Turnover Chart

Eastside Distilling Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 1.50 1.43 2.09 2.47

Eastside Distilling Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.69 0.69 0.63 0.70

Eastside Distilling Inventory Turnover Calculation

Eastside Distilling's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=9.438 / ((4.442 + 3.212) / 2 )
=9.438 / 3.827
=2.47

Eastside Distilling's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=2.225 / ((3.212 + 3.189) / 2 )
=2.225 / 3.2005
=0.70

* 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.


Eastside Distilling  (NAS:EAST) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=3.2005/2.225*365 / 4
=131.26

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=3.2005 / 2.411
=1.33

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Eastside Distilling Inventory Turnover Related Terms

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Eastside Distilling (Eastside Distilling) Business Description

Traded in Other Exchanges
N/A
Address
2321 NE Argyle Street, Unit D, Portland, OR, USA, 97211
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

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