FormFactor (FormFactor) Total Inventories

: $111.7 Mil (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

FormFactor's total inventories for the quarter that ended in Dec. 2023 was $111.7 Mil. FormFactor's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $111.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FormFactor's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FormFactor's Days Inventory for the three months ended in Dec. 2023 was 101.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. FormFactor's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.90.

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. FormFactor's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

FormFactor Total Inventories Historical Data

The historical data trend for FormFactor'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.

* Premium members only.

FormFactor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

83.26

99.23

111.55

123.16

111.69

FormFactor 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															123.16	116.55	120.30	111.63	111.69

FormFactor 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.

FormFactor (NAS:FORM) 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.

FormFactor'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)
=	(328.319	+	0.75 * 102.957	+	0.5 * 111.685	-	197.99
-	0	-	0)	/	77.3769
=	3.40

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

FormFactor'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
	=	111.6555	/	100.229	*	365 / 4
	=	101.65

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

FormFactor'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 )
	=	100.229	/	111.6555
	=	0.90

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.

FormFactor'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 )
	=	111.6555	/	168.163
	=	0.66

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.

FormFactor Total Inventories Related Terms

Thank you for viewing the detailed overview of FormFactor's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

FormFactor (FormFactor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FormFactor Inc (NAS:FORM) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FMF:Germany

Address

7005 Southfront Road, Livermore, CA, USA, 94551

Website

https://www.formfactor.com

FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

Executives

Rebeca Obregon-jimenez	director	3748 E MARE COURT, PHOENIX AZ 85044
Shai Shahar	officer: CFO, SVP Global Finance	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Dennis Thomas St	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mike Slessor	director, officer: CEO	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Brian C White	director	C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Raymond A Link	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Kelley Steven-waiss	director	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Jorge Titinger	director	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Sheri Rhodes	director	7001 EAST BELLEVIEW AVENUE, DENVER CO 80112
Edward Jr Rogas	director	C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012
Michael W Zellner	director	C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Richard Delateur	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael M Ludwig	officer: SR VP, CFO	C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Lothar Maier	director	1630 MCCARTHY BLVD, MILPITAS CA 95035
Stuart L Merkadeau	officer: SVP and General Counsel	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551