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FlexShopper (FlexShopper) Total Inventories : $29.1 Mil (As of Dec. 2023)


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What is FlexShopper Total Inventories?

FlexShopper's total inventories for the quarter that ended in Dec. 2023 was $29.1 Mil. FlexShopper's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $26.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FlexShopper's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.52.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. FlexShopper's Inventory Turnover for the quarter that ended in Dec. 2023 was -1.58.

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. FlexShopper's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.


FlexShopper Total Inventories Historical Data

The historical data trend for FlexShopper'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.

FlexShopper Total Inventories Chart

FlexShopper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.06 42.82 40.94 31.55 29.13

FlexShopper 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 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 31.55 26.91 24.60 23.60 29.13

FlexShopper 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.


FlexShopper  (NAS:FPAY) 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.

FlexShopper'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)
=(4.413+0.75 * 44.795+0.5 * 29.131-127.26
-22.804-0)/21.5883
=-4.52

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

FlexShopper'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
=26.364/-41.763*365 / 4
=

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

FlexShopper'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 )
=-41.763 / 26.364
=-1.58

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.

FlexShopper'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 )
=26.364 / 30.271
=0.87

* 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

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.


FlexShopper Total Inventories Related Terms

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FlexShopper (FlexShopper) Business Description

Traded in Other Exchanges
Address
901 Yamato Road, Suite 260, Boca Raton, FL, USA, 33431
FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.
Executives
Howard Dvorkin director, 10 percent owner 6360 NW 5 WAY, FORT LAUDERDALE FL 33309
John Davis officer: COO 2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
House Richard R Jr officer: Chief Executive Officer C/O ATLANTICUS HOLDINGS CORP, FIVE CONCOURSE PARKWAY SUITE 300, ATLANTA GA 30328
Thomas O. Katz director C/O FLEXSHOPPER, INC., 901 YAMATO ROAD, SUITE 260, BOCA RATON FL 33431
James Douglas Allen director 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX 76006
Brad Mitchell Bernstein director, 10 percent owner, officer: President C/O ANCHOR FUNDING SERVICES, INC., 10801 JOHNSTON ROAD SUITE 210, CHARLOTTE NC 28226
T Scott King director 4100 HOLIDAY ST NW, CANTON OH 44718
Sean Hinze director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Carl Pradelli director C/O DUANE READE INC, 440 9TH AVE, NEW YORK NY 10001
Ravi Radhakrishnan officer: Chief Risk Officer 2700 N. MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Waterfall Asset Management, Llc 10 percent owner 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Heiser Harold Russell Jr. officer: CFO 2700 NORTH MILITARY TRAIL, SUITE 200, BOCA RATON FL 33431
Katherine Verner director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Daniel Ballen director 650 NEWPORT CENTER DRIVE C/O PIMCO, NEWPORT BEACH CA 92660
Pimco Bravo Fund Ii, L.p. 10 percent owner 840 NEWPORT CENTER DRIVE, SUITE 100, NEWPORT BEACH CA 92660