FCFS (FirstCash Holdings) Total Inventories : $334 Mil (As of Sep. 2024)

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What is FirstCash Holdings Total Inventories?

FirstCash Holdings's total inventories for the quarter that ended in Sep. 2024 was $334 Mil. FirstCash Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $325 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FirstCash Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-46.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FirstCash Holdings's Days Inventory for the three months ended in Sep. 2024 was 68.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. FirstCash Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.33.

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. FirstCash Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

FirstCash Holdings Total Inventories Historical Data

The historical data trend for FirstCash Holdings'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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FirstCash Holdings Total Inventories Chart

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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265.26

190.35

263.31

288.34

312.09

FirstCash Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															314.38	312.09	302.39	315.42	334.39

FirstCash Holdings 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.

FirstCash Holdings (NAS:FCFS) 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.

FirstCash Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(106.32	+	0.75 * 74.378	+	0.5 * 334.394	-	2393.653
-	0	-	0)	/	44.7523
=	-46.13

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

FirstCash Holdings's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	324.909	/	432.714	*	365 / 4
	=	68.52

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

FirstCash Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	432.714	/	324.909
	=	1.33

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.

FirstCash Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	324.909	/	837.321
	=	0.39

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.

FirstCash Holdings Total Inventories Related Terms

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FirstCash Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (NAS:FCFS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FF60:Germany FF60:Germany

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. The the company has three reportable segments: U.S. pawn; Latin America pawn; and Retail POS payment solutions (AFF). It derives majority revenue from U.S. Pawn segment. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores.

Executives

Randel G Owen	director	C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
R Douglas Orr	officer: EVP & Chief Financial Officer	1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel	director, 10 percent owner	8425 MYSTIC LAKES, MAIZE KS 67101
Howard F Hambleton	officer: AFF President	1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos	officer: SVP Latin American Operations	1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves	director	ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis	director	1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc.	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett	director	1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner	director	180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan	director	CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart	officer: President and COO	1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado	officer: General Counsel	1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce	director	801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102