Front Yard Residential (Front Yard Residential) Total Inventories : $5.5 Mil (As of Sep. 2020)

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What is Front Yard Residential Total Inventories?

Front Yard Residential's total inventories for the quarter that ended in Sep. 2020 was $5.5 Mil. Front Yard Residential's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $5.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Front Yard Residential's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-27.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Front Yard Residential's Days Inventory for the three months ended in Sep. 2020 was 23.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Front Yard Residential's Inventory Turnover for the quarter that ended in Sep. 2020 was 3.95.

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. Front Yard Residential's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.09.

Front Yard Residential Total Inventories Historical Data

The historical data trend for Front Yard Residential'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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Front Yard Residential Total Inventories Chart

Front Yard Residential Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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250.56

133.33

75.72

146.92

14.40

Front Yard Residential Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Inventories	Get a 7-Day Free Trial															22.82	14.40	8.30	4.70	5.45

Front Yard Residential 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.

Front Yard Residential (NYSE:RESI) 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.

Front Yard Residential's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(84.418	+	0.75 * 5.525	+	0.5 * 5.454	-	1729.059
-	0	-	0)	/	58.7472
=	-27.88

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

Front Yard Residential's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	5.0765	/	20.048	*	365 / 4
	=	23.11

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

Front Yard Residential's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	20.048	/	5.0765
	=	3.95

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.

Front Yard Residential's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	5.0765	/	56.944
	=	0.09

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.

Front Yard Residential Total Inventories Related Terms

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Front Yard Residential (Front Yard Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Front Yard Residential Corp (NYSE:RESI) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

c/o Altisource Asset Management Corporation, 5100 Tamarind Reef, Christiansted, VIR, 00820

Website

https://www.frontyardresidential.com

Front Yard Residential Corp is a real estate investment trust, which focuses on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties through the acquisition of sub-performing and non-performing loan portfolios. The company is managed by Altisource Asset Management Corporation, which has a management team with extensive industry experience in real estate, non-performing loan portfolios, and mortgage loan servicing. Geographically the firm has its property portfolio across the region of Alabama, Georgia, Hawaii, Louisiana, New Jersey, Pennsylvania, Texas, New York, Kentucky and in many other regions.

Executives

Agatecreek Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Scott Edward Burg	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Company, Lp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Management Gp, Llc	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Deer Park Road Corp	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
Michael David Craig-scheckman	10 percent owner	1195 BANGTAIL WAY, STEAMBOAT SPRINGS CO 80487
George G Ellison	director, officer: Chief Executive Officer	402 STRAND STREET, FREDERIKSTED VI 00840-3531
Leland Abrams	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Lazar Nikolic	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
George Whitfield Mcdowell	director	C/O FRONT YARD RESIDENTIAL CORPORATION 5100 TAMARIND REEF CHRISTIANSTED VI 00820
Wade J. Henderson	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Rochelle R. Dobbs	director	C/O ALTISOURCE RESIDENTIAL CORPORATION 36C STRAND STREET CHRISTIANSTED VI 00820
Michael Graham Lubin	officer: General Counsel and Secretary	C/O ALTISOURCE ASSET MANAGEMENT 36C STRAND STREET CHRISTIANSTED VI 00820
Michael A. Eruzione	director	402 STRAND STREET, C/O AAMC FREDERIKSTED, ST. CROIX VI 00840
Rene Dittrich	officer: Chief Accounting Officer	C/O ALTISOURCE ASSET MANAGEMENT, 36C STRAND STREET, CHRISTIANSTED VI 00820