Fantasy Aces Daily Fantasy Sports (Fantasy Aces Daily Fantasy Sports) Total Inventories : $0.00 Mil (As of Sep. 2016)

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What is Fantasy Aces Daily Fantasy Sports Total Inventories?

Fantasy Aces Daily Fantasy Sports's total inventories for the quarter that ended in Sep. 2016 was $0.00 Mil. Fantasy Aces Daily Fantasy Sports's average total inventories from the quarter that ended in Jun. 2016 to the quarter that ended in Sep. 2016 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fantasy Aces Daily Fantasy Sports's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fantasy Aces Daily Fantasy Sports's Days Inventory for the three months ended in Sep. 2016 was 0.00.

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

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. Fantasy Aces Daily Fantasy Sports's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.00.

Fantasy Aces Daily Fantasy Sports Total Inventories Historical Data

The historical data trend for Fantasy Aces Daily Fantasy Sports'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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Fantasy Aces Daily Fantasy Sports Total Inventories Chart

Fantasy Aces Daily Fantasy Sports Annual Data

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Total Inventories

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Fantasy Aces Daily Fantasy Sports Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Fantasy Aces Daily Fantasy Sports 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.

Fantasy Aces Daily Fantasy Sports (OTCPK:FASDF) 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.

Fantasy Aces Daily Fantasy Sports's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is

	Net-Net Working Capital Per Share (Q: Sep. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.339	+	0.75 * 0.018	+	0.5 * 0	-	2.171
-	0	-	0)	/	42.0046
=	-0.04

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

Fantasy Aces Daily Fantasy Sports's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2016 )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
	=	0	/	0.123	*	365 / 4
	=	0.00

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

Fantasy Aces Daily Fantasy Sports's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2016 )	/	Average Total Inventories (Q: Sep. 2016 )
	=	0.123	/	0
	=	N/A

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.

Fantasy Aces Daily Fantasy Sports's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2016 )	/	Revenue (Q: Sep. 2016 )
	=	0	/	0.347
	=	0.00

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.

Fantasy Aces Daily Fantasy Sports Total Inventories Related Terms

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Fantasy Aces Daily Fantasy Sports (Fantasy Aces Daily Fantasy Sports) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fantasy Aces Daily Fantasy Sports Corp (OTCPK:FASDF) » Definitions » Total Inventories

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Address

120 Vantis, Suite 300, Aliso Viejo, CA, USA, 92656

Website

https://www.fantasyaces.com

Fantasy Aces Daily Fantasy Sports Corp is engaged in the daily fantasy sports games. It offers players the ability to play fantasy sports in a variety of sports including NFL, NBA, NHL and PGA. The company operates in the United States.

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