Flexible Solutions International (Flexible Solutions International) Total Inventories : $11.14 Mil (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Flexible Solutions International Total Inventories?

Flexible Solutions International's total inventories for the quarter that ended in Dec. 2023 was $11.14 Mil. Flexible Solutions International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $10.29 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flexible Solutions International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flexible Solutions International's Days Inventory for the three months ended in Dec. 2023 was 140.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flexible Solutions International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.65.

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. Flexible Solutions International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.09.

Flexible Solutions International Total Inventories Historical Data

The historical data trend for Flexible Solutions International'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.

Flexible Solutions International Total Inventories Chart

Flexible Solutions International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

9.18

8.37

9.50

14.42

11.14

Flexible Solutions International 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															14.42	14.38	11.32	9.44	11.14

Flexible Solutions International 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.

Flexible Solutions International (AMEX:FSI) 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.

Flexible Solutions International'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)
=	(7.708	+	0.75 * 9.843	+	0.5 * 11.135	-	17.203
-	0	-	3.066)	/	12.4355
=	0.03

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

Flexible Solutions International'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
	=	10.2875	/	6.684	*	365 / 4
	=	140.44

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

Flexible Solutions International'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 )
	=	6.684	/	10.2875
	=	0.65

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.

Flexible Solutions International'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 )
	=	10.2875	/	9.425
	=	1.09

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.

Flexible Solutions International Total Inventories Related Terms

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

Flexible Solutions International (Flexible Solutions International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Flexible Solutions International Inc (AMEX:FSI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

6001 54 Avenue, Taber, AB, CAN, T1G 1X4

Website

https://www.flexiblesolutions.com

Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.

Executives

O Brien Daniel B	director, 10 percent owner, officer: President/CEO	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6 A1 V6C 3L6
Thomas Murray Fyles	director	3478 CARDIFF PLACE, VICTORIA A1 V8P 4Z1
Robert T Helina	director	P.O. BOX 670, (345) 323-7888, GEORGETOWN E9 KY1-1107
John H Bientjes	director	1-230 W 13TH ST, N VANCOUVER B C, V8N 1X5
Eric Glen Hodges	director	204 GOVERNMENT STREET, VICTORIA A1 V8V 2K9
Fred J Kupel	officer: Chief Financial Officer	3735 SE OGDEN STREET, PORTLAND OR 97202
O Brien Dr Robert N	director, 10 percent owner	2614 QUEENSWOOD DR, VICTORIA B C, V8N 1X6
Dale Friend	director