Asta Funding (Asta Funding) Total Inventories : $0.00 Mil (As of Jun. 2020)

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What is Asta Funding Total Inventories?

Asta Funding's total inventories for the quarter that ended in Jun. 2020 was $0.00 Mil. Asta Funding's average total inventories from the quarter that ended in Mar. 2020 to the quarter that ended in Jun. 2020 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asta Funding's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was $6.88.

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

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

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. Asta Funding's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.00.

Asta Funding Total Inventories Historical Data

The historical data trend for Asta Funding'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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Asta Funding Total Inventories Chart

Asta Funding Annual Data

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Total Inventories

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Asta Funding Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Asta Funding 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.

Asta Funding (NAS:ASFI) 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.

Asta Funding's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 is

	Net-Net Working Capital Per Share (Q: Jun. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(48.166	+	0.75 * 0.182	+	0.5 * 0	-	3.121
-	0	-	0)	/	6.56776
=	6.88

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

Asta Funding's Days Inventory for the three months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Asta Funding's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2020 )	/	Average Total Inventories (Q: Jun. 2020 )
	=	0	/	0
	=	N/A

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.

Asta Funding's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	0	/	3.409
	=	0.00

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.

Asta Funding Total Inventories Related Terms

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Asta Funding (Asta Funding) Business Description

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Address

210 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632

Website

http://www.astafunding.com

Asta Funding Inc is a US-based company engaged in the business of acquiring, managing, servicing and recovering on portfolios of consumer receivables. It has organized its business into three segments: Consumer Receivables, Personal Injury Claims, Social Security Disability Advocacy. Its business activity involves purchasing, managing for its own account and servicing distressed consumer receivables, including charged-off receivables, semi-performing receivables and performing receivables, purchasing interests in personal injury claims from claimants who are a party to personal injury litigation, purchasing periodic structured settlements and annuity policies from individuals in exchange for a lump sum payment.

Executives

Gary Stern	director, officer: President and CEO	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
David S Slackman	director
Louis A Piccolo	director	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE ENGLEWOOD NJ 07632
Seth Berman	officer: Secretary & General Counsel	C/O ASTA FUNDING 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Ricky Stern	10 percent owner, officer: Senior Vice President	210 SYLVAN AVENUE ENGELWOOD CLIFFS NJ 07632
Steven Leidenfrost	officer: Chief Financial Officer	C/O ASTA FUNDING, INC. 210 SYLVAN AVENUE, SUITE 1 ENGLEWOOD CLIFFS NJ 07632
Michael R. Monteleone	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Timothy H. Bishop	director	210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mark Levenfus	director	ASTA FUNDING INC. 210 SYLVAN AVENUE ENGLEWOOD CLIFFS NJ 07632
Mangrove Partners Fund (cayman), Ltd.	10 percent owner	MAPLES CORP. SVCS, PO BOX 309, UGLAND HOUSE, S. CHURCH STREET, GEORGE TOWN E9 KY1-1104
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Nathaniel H. August	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Capital Mangrove	10 percent owner	10 EAST 53RD STREET, 31ST FLOOR, NEW YORK NY 10022
Mangrove Partners Fund, L.p.	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Partners Mangrove	10 percent owner	645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022