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FR (First Industrial Realty Trust) Total Inventories : $4.4 Mil (As of Sep. 2024)


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What is First Industrial Realty Trust Total Inventories?

First Industrial Realty Trust's total inventories for the quarter that ended in Sep. 2024 was $4.4 Mil. First Industrial Realty Trust's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Industrial Realty Trust's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-18.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Industrial Realty Trust's Days Inventory for the three months ended in Sep. 2024 was 4.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Industrial Realty Trust's Inventory Turnover for the quarter that ended in Sep. 2024 was 20.28.

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. First Industrial Realty Trust's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.01.


First Industrial Realty Trust Total Inventories Historical Data

The historical data trend for First Industrial Realty Trust'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.

First Industrial Realty Trust Total Inventories Chart

First Industrial Realty Trust 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 - 15.66 - - -

First Industrial Realty Trust 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 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 - - - - 4.43

First Industrial Realty Trust 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.


First Industrial Realty Trust  (NYSE:FR) 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.

First Industrial Realty Trust'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)
=(47.123+0.75 * 160.011+0.5 * 4.426-2488.73
-0-79.383)/132.348
=-18.12

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

First Industrial Realty Trust'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
=2.213/44.884*365 / 4
=4.50

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

First Industrial Realty Trust'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 )
=44.884 / 2.213
=20.28

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.

First Industrial Realty Trust'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 )
=2.213 / 167.645
=0.01

* 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.


First Industrial Realty Trust Total Inventories Related Terms

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First Industrial Realty Trust Business Description

Traded in Other Exchanges
Address
One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial's real estate portfolio is comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent a share of First Industrial's holdings, bulk warehouses make up the majority of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.
Executives
Scott A Musil officer: Sen VP, Treas, Controller ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Johannson L Yap officer: Chief Investment Officer ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Rice Jennifer Matthews officer: General Counsel 555 EAST LANCASTER AVE, SUITE 100, RADNOR PA 19087
Peter Schultz officer: SVP - Portfolio Management ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Marcus L. Smith director 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
John Rau director MIAMI CORPORATION, 410 N. MICHIGAN AVENUE, ROOM 590, CHICAGO IL 60611
Teresa Bryce Bazemore director CHIMERA INVESTMENT CORPORATION, 520 MADISON AVE, 32ND FL, NEW YORK NY 10022
Bruce W Duncan director, officer: PRESIDENT AND CEO ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Hackett H Patrick Jr director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Denise Olsen director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
David Harker officer: Exec. Director - Investments ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Peter E. Baccile director, officer: President 311 SOUTH WACKER DR., SUITE 3900, CHICAGO IL 60605
Matthew Dominski director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Leonard Peter Sharpe director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Jay H Shidler director THE SHIDLER GROUP, 810 RICHARDS STREET SUITE 1000, HONOLULU HI 96813