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Jones Soda Co. (JSDA) Message Board

  • janicem_98 janicem_98 Aug 8, 2014 5:58 AM Flag

    Walking a thin line

     

    The quarter was poor from a couple angles. The balance sheet tells the nuts and bolts of the situation today.

    Mix of current assets to current liabilities is not good. They are sitting on a lot of inventory going in to slower quarters. Cash + Accounts Receivable are not much more than Accounts Payable. If we add in Accrued Expenses less Prepaid Expenses it's worse.

    Go back to balance sheet for the same quarter last year and it's a different story.

    Accounts receivable in the quarter has grown by 50% yoy while sales have decreased by 10%. Likewise, at the same time, inventory is up over 20% yoy.

    I'm not liking what I see.

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