FRMB (Forum Mobile) Days Inventory: 47.63 (As of Jun. 2006)


What is Forum Mobile Days Inventory?

Forum Mobile FRMB -99.00% Days Inventory is 47.63 as of Jun. 2006.

Days Inventory is also known as Days Sales of Inventory (DSI). Forum Mobile's Average Total Inventories for the three months ended in Jun. 2006 was $2.84 Mil. Forum Mobile's Cost of Goods Sold for the three months ended in Jun. 2006 was $5.45 Mil. Hence, Forum Mobile's Days Inventory for the three months ended in Jun. 2006 was 47.63.

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

FRMB's Days Inventory is not ranked *
in the Telecommunication Services industry.
Industry Median: 18.49
* Ranked among companies with meaningful Days Inventory only.

Forum Mobile's Days Inventory declined from Jun. 2005 (64.69) to Jun. 2006 (47.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Forum Mobile's Inventory Turnover for the three months ended in Jun. 2006 was 1.92.

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. Forum Mobile's Inventory-to-Revenue for the three months ended in Jun. 2006 was 0.49.

Forum Mobile  (OTCPK:FRMB) 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.

Forum Mobile's Inventory Turnover for the three months ended in Jun. 2006 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5.449 / 2.844
=1.92

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.

Forum Mobile's Inventory to Revenue for the three months ended in Jun. 2006 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2.844 / 5.786
=0.49

* 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

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.

Forum Mobile Days Inventory Related Terms

Forum Mobile Days Inventory Historical Data

* Premium members only.

The historical data trend for Forum Mobile'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.

Forum Mobile Days Inventory Chart

Forum Mobile Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Days Inventory
Get a 7-Day Free Trial 42.32 35.15 0.00 0.00 60.59

Forum Mobile Quarterly Data
Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06
Days Inventory 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 64.69 73.41 55.53 61.87 47.63

FRMB vs DIRV, FULO, TOWTF: Days Inventory Comparison

For the Telecom Services subindustry, Forum Mobile'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.

Forum Mobile Days Inventory vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forum Mobile's Days Inventory distribution charts can be found below:

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


Forum Mobile Days Inventory Calculation

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

Forum Mobile's Days Inventory for the fiscal year that ended in Dec. 2005 is calculated as

Days Inventory (A: Dec. 2005 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2004 ) + Total Inventories (A: Dec. 2005 )) / count ) / Cost of Goods Sold (A: Dec. 2005 )*Days in Period
=( (0 + 3.702) / 1 ) / 22.301*365
=3.702 / 22.301*365
=60.59

Forum Mobile's Days Inventory for the quarter that ended in Jun. 2006 is calculated as:

Days Inventory (Q: Jun. 2006 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2006 ) + Total Inventories (Q: Jun. 2006 )) / count ) / Cost of Goods Sold (Q: Jun. 2006 )*Days in Period
=( (4.045 + 1.643) / 2 ) / 5.449*365 / 4
=2.844 / 5.449*365 / 4
=47.63

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 47.63 mean?
Forum Mobile (FRMB) has a Days Inventory of 47.63 as of Jun. 2006. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Forum Mobile and its competitors.
Is Forum Mobile's Days Inventory too high?
Forum Mobile's current Days Inventory is 47.63. The Telecommunication Services industry median Days Inventory is 18.49. Forum Mobile's value of 47.63 is 157.6% above this industry median.
How does Forum Mobile's Days Inventory compare to DIRV and FULO?
Forum Mobile's Days Inventory of 47.63 can be compared against companies in the Telecommunication Services industry. The industry median Days Inventory is 18.49. Forum Mobile's value of 47.63 is 157.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Telecommunication Services company?
The median Days Inventory among Telecommunication Services companies is 18.49, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forum Mobile's current Days Inventory of 47.63 is 157.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Forum Mobile and its competitors. For the Telecommunication Services industry, the median Days Inventory is 18.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Mobile's current Days Inventory is 47.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Mobile stock overvalued right now?
Forum Mobile (FRMB) has a current Days Inventory of 47.63. The current Days Inventory is 47.63 and 157.6% above the Telecommunication Services industry median of 18.49. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Forum Mobile (FRMB), the current Days Inventory is 47.63 as of Jun. 2006. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forum Mobile Business Description

Address 26 Broadway, 21st Floor, New York, NY, USA, 10004
Forum Mobile Inc is a global Mobile Virtual Network Enabler (MVNE) based in the USA. It specializes in MVNE, Mobile Services, Telecom, and cloud services. The company is active in a variety of complementary fields such as private banking, business development, and consulting, and provides hosting and trading platforms. Geographically the business activities are operated through the United States.