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First Hartford (First Hartford) Total Inventories : $7.47 Mil (As of Apr. 2018)


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What is First Hartford Total Inventories?

First Hartford's total inventories for the quarter that ended in Apr. 2018 was $7.47 Mil. First Hartford's average total inventories from the quarter that ended in Apr. 2017 to the quarter that ended in Apr. 2018 was $9.43 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Hartford's Net-Net Working Capital per share for the quarter that ended in Apr. 2018 was $-101.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Hartford's Days Inventory for the six months ended in Apr. 2018 was 29.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Hartford's Inventory Turnover for the quarter that ended in Apr. 2018 was 6.23.

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. First Hartford's Inventory-to-Revenue for the quarter that ended in Apr. 2018 was 0.11.


First Hartford Total Inventories Historical Data

The historical data trend for First Hartford'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.

First Hartford Total Inventories Chart

First Hartford Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.34 15.42 11.39 7.47

First Hartford Semi-Annual Data
Apr99 Apr00 Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
Total Inventories 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 - 0.34 15.42 11.39 7.47

First Hartford 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.


First Hartford  (OTCPK:FHRT) 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.

First Hartford's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2018 is

Net-Net Working Capital Per Share (Q: Apr. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.826+0.75 * 3.042+0.5 * 7.465-247.944
-0-0.868)/2.3158
=-101.46

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

First Hartford's Days Inventory for the six months ended in Apr. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: Apr. 2018 )/Cost of Goods Sold (Q: Apr. 2018 )*Days in Period
=9.4275/58.75*365 / 2
=29.29

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

First Hartford's Inventory Turnover for the quarter that ended in Apr. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Apr. 2018 ) / Average Total Inventories (Q: Apr. 2018 )
=58.75 / 9.4275
=6.23

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.

First Hartford's Inventory to Revenue for the quarter that ended in Apr. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2018 ) / Revenue (Q: Apr. 2018 )
=9.4275 / 83.019
=0.11

* 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

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.


First Hartford Total Inventories Related Terms

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First Hartford (First Hartford) Business Description

Traded in Other Exchanges
N/A
Address
149 Colonial Road, Manchester, CT, USA, 06042
First Hartford Corp is a real estate company. The company is engaged in the purchase, development, ownership, management, and sale of real estate. The company is engaged in two business segments namely Real Estate Operations and Fee for Service. The company generates maximum revenue from the Real Estate Operations segment.
Executives
Neil H Ellis director, 10 percent owner, officer: President PO BOX 1270 149 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Barbara K Filippelli 10 percent owner 23 LAKEVIEW DR, PAWLING NY 12564
John Filippelli 10 percent owner 23 LAKEVIEW DRIVE, PAWLING NY 12564
Stuart I Greenwald director, officer: Secretary/Treasurer PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Daniel B Harding director, officer: Vice President PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270

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