FRMO (FRMO) Inventory Turnover : 0.00 (As of May. 2014)

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What is FRMO Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. FRMO's Cost of Goods Sold for the six months ended in May. 2014 was $0.10 Mil. FRMO's Average Total Inventories for the quarter that ended in May. 2014 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FRMO's Days Inventory for the six months ended in May. 2014 was 0.00.

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. FRMO's Inventory-to-Revenue for the quarter that ended in May. 2014 was 0.00.

FRMO Inventory Turnover Historical Data

The historical data trend for FRMO's Inventory Turnover 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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FRMO Inventory Turnover Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Inventory Turnover

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FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

FRMO Inventory Turnover Calculation

FRMO's Inventory Turnover for the fiscal year that ended in May. 2014 is calculated as

	Inventory Turnover (A: May. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2014 )	/ (	(Total Inventories (A: May. 2013 )	+	Total Inventories (A: May. 2014 ))	/	count )
=	0.103	/ (	(0	+	0)	/	1 )
=	0.103	/	0
=	N/A

FRMO's Inventory Turnover for the quarter that ended in May. 2014 is calculated as

	Inventory Turnover (Q: May. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2014 )	/ (	(Total Inventories (Q: May. 2013 )	+	Total Inventories (Q: May. 2014 ))	/	count )
=	0.103	/ (	(0	+	0)	/	1 )
=	0.103	/	0
=	N/A

FRMO (OTCPK:FRMO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

FRMO's Days Inventory for the six months ended in May. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2014 )	/	Cost of Goods Sold (Q: May. 2014 )	*	Days in Period
	=	0	/	0.103	*	365 / 2
	=	0.00

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.

FRMO's Inventory to Revenue for the quarter that ended in May. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2014 )	/	Revenue (Q: May. 2014 )
	=	0	/	6.386
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

FRMO Inventory Turnover Related Terms

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FRMO (FRMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is focused its activities on making strategic investments in public and private companies.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527