FlexShopper (FlexShopper) Days Inventory : 0.00 (As of Dec. 2023)

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What is FlexShopper Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FlexShopper's Average Total Inventories for the three months ended in Dec. 2023 was $26.4 Mil. FlexShopper's Cost of Goods Sold for the three months ended in Dec. 2023 was $-41.8 Mil.

The historical rank and industry rank for FlexShopper's Days Inventory or its related term are showing as below:

FPAY' s Days Inventory Range Over the Past 10 Years
Min: 192.22 Med: 232.42 Max: 3909.51
Current: 1649.56

During the past 13 years, FlexShopper's highest Days Inventory was 3909.51. The lowest was 192.22. And the median was 232.42.

FPAY's Days Inventory is ranked worse than
98.82% of 679 companies
in the Business Services industry
Industry Median: 29.67 vs FPAY: 1649.56

FlexShopper's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. FlexShopper's Inventory Turnover for the three months ended in Dec. 2023 was -1.58.

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. FlexShopper's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.87.

FlexShopper Days Inventory Historical Data

The historical data trend for FlexShopper's Days Inventory 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.

FlexShopper Days Inventory Chart

FlexShopper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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192.22

202.06

193.07

3,909.51

1,843.26

FlexShopper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	155.25	145.59	152.16	-

Competitive Comparison of FlexShopper's Days Inventory

For the Rental & Leasing Services subindustry, FlexShopper's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FlexShopper's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FlexShopper's Days Inventory distribution charts can be found below:

* The bar in red indicates where FlexShopper's Days Inventory falls into.

FlexShopper Days Inventory Calculation

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

FlexShopper's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (31.55	+	29.131)	/	2 )	/	6.008	*	365
=	30.3405					/	6.008	*	365
=	1,843.26

FlexShopper's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (23.597	+	29.131)	/	2 )	/	-41.763	*	365 / 4
=	26.364					/	-41.763	*	365 / 4
=	N/A

FlexShopper (NAS:FPAY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

FlexShopper's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-41.763	/	26.364
	=	-1.58

2. 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.

FlexShopper's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.364	/	30.271
	=	0.87

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

FlexShopper Days Inventory Related Terms

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

FlexShopper (FlexShopper) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FlexShopper Inc (NAS:FPAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

9FL:Germany

Address

901 Yamato Road, Suite 260, Boca Raton, FL, USA, 33431

Website

https://www.flexshopper.com

FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.

Executives

Howard Dvorkin	director, 10 percent owner	6360 NW 5 WAY, FORT LAUDERDALE FL 33309
John Davis	officer: COO	2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
House Richard R Jr	officer: Chief Executive Officer	C/O ATLANTICUS HOLDINGS CORP, FIVE CONCOURSE PARKWAY SUITE 300, ATLANTA GA 30328
Thomas O. Katz	director	C/O FLEXSHOPPER, INC., 901 YAMATO ROAD, SUITE 260, BOCA RATON FL 33431
James Douglas Allen	director	2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Brad Mitchell Bernstein	director, 10 percent owner, officer: President	C/O ANCHOR FUNDING SERVICES, INC., 10801 JOHNSTON ROAD SUITE 210, CHARLOTTE NC 28226
T Scott King	director	4100 HOLIDAY ST NW, CANTON OH 44718
Sean Hinze	director	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Carl Pradelli	director	C/O DUANE READE INC, 440 9TH AVE, NEW YORK NY 10001
Ravi Radhakrishnan	officer: Chief Risk Officer	2700 N. MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Waterfall Asset Management, Llc	10 percent owner	1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Heiser Harold Russell Jr.	officer: CFO	2700 NORTH MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Katherine Verner	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Daniel Ballen	director	650 NEWPORT CENTER DRIVE C/O PIMCO, NEWPORT BEACH CA 92660
Pimco Bravo Fund Ii, L.p.	10 percent owner	840 NEWPORT CENTER DRIVE, SUITE 100, NEWPORT BEACH CA 92660