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Farmland Partners's total inventories for the quarter that ended in Dec. 2024 was $2.66 Mil. Farmland Partners's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $2.72 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Farmland Partners's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-6.63.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Farmland Partners's Days Inventory for the three months ended in Dec. 2024 was 88.64.
Inventory Turnover measures how fast the company turns over its inventory within a year. Farmland Partners's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.03.
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. Farmland Partners's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.13.
The historical data trend for Farmland Partners'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.
Farmland Partners Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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1.12 | 3.06 | 2.81 | 2.34 | 2.66 |
Farmland Partners Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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2.34 | 2.70 | 3.02 | 2.79 | 2.66 |
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.
Farmland Partners (NYSE:FPI) 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.
Farmland Partners's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (78.441 | + | 0.75 * 3.199 | + | 0.5 * 2.659 | - | 272.003 |
- | 0 | - | 114.646) | / | 45.932 | ||
= | -6.63 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Farmland Partners's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 2.722 | / | 2.802 | * | 365 / 4 | |
= | 88.64 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Farmland Partners's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 2.802 | / | 2.722 | |
= | 1.03 |
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.
Farmland Partners's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 2.722 | / | 21.474 | |
= | 0.13 |
* 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.
Thank you for viewing the detailed overview of Farmland Partners's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
John A Good | director | C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131 |
Luca Fabbri | officer: CFO, Secretary and Treasurer | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Paul A Pittman | director, officer: President and CEO | 4910 BIRCH ST., SUITE 102, NEWPORT BEACH CA 92660 |
Jennifer S Grafton | director | 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112 |
Murray R Wise | director | 2407 S NEIL PO BOX 3009, CHAMPAIGN IL 61826 |
Christine M. Garrison | officer: General Counsel and Secretary | C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237 |
Danny D. Moore | director | C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237 |
James Gilligan | officer: Chief Financial Officer | C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237 |
Thomas Heneghan | director | C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVER PLAZA #800, CHICAGO IL 60606 |
Toby Orourke | director | FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237 |
Erica Borenstein | officer: General Counsel and Secretary | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Chris A Downey | director | C/O FARMLAND PARTNERS INC., : 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Jay Bartels | director | C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Joseph W Glauber | director | FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031 |
Dennie Dixon Boardman | director | C/O OPTIMA FUND MANAGEMENT LLC, 10 EAST 53RD STREET, NEW YORK NY 10022 |
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