Franklin Covey Co (Franklin Covey Co) Total Inventories

: $4.2 Mil (As of Feb. 2024)

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Franklin Covey Co's total inventories for the quarter that ended in Feb. 2024 was $4.2 Mil. Franklin Covey Co's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $4.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Franklin Covey Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-4.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Franklin Covey Co's Days Inventory for the three months ended in Feb. 2024 was 26.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Franklin Covey Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 3.48.

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. Franklin Covey Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.07.

Franklin Covey Co Total Inventories Historical Data

The historical data trend for Franklin Covey Co'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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Franklin Covey Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

3.48

2.97

2.50

3.53

4.21

Franklin Covey Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories																3.47	4.57	4.21	4.12	4.20

Franklin Covey Co 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.

Franklin Covey Co (NYSE:FC) 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.

Franklin Covey Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(40.904	+	0.75 * 57.153	+	0.5 * 4.196	-	151.106
-	0	-	0)	/	13.255
=	-4.92

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

Franklin Covey Co's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	4.1565	/	14.485	*	365 / 4
	=	26.18

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

Franklin Covey Co's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	14.485	/	4.1565
	=	3.48

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.

Franklin Covey Co's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	4.1565	/	61.336
	=	0.07

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.

Franklin Covey Co Total Inventories Related Terms

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Franklin Covey Co (Franklin Covey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Franklin Covey Co (NYSE:FC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331

Website

https://www.franklincovey.com

Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.

Executives

Meisha Sherman	officer: CPO	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099
Jennifer C. Colosimo	officer: President, Enterprise Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Efrain Rivera	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Paul S Walker	director, officer: CEO, Director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Covey Michael Sean Merrill	officer: President, Education Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Dom Colleen D	officer: COO	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Craig Cuffie	director	2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119
Esther Kay Stepp	director
Nancy R Phillips	director	1515 BROADWAY, NEW YORK NY 10036
Michael Fung	director	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Donald J Mcnamara	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201
Knowledge Capital Investment Group	10 percent owner	4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201
Van Bever Derek C M	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Scott Jeffery Miller	officer: EVP Bus Development/Marketing	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Joel Clinton Peterson	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101