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Family Dollar Stores (FRA:FAY) Total Inventories : €1,461 Mil (As of May. 2015)


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What is Family Dollar Stores Total Inventories?

Family Dollar Stores's total inventories for the quarter that ended in May. 2015 was €1,461 Mil. Family Dollar Stores's average total inventories from the quarter that ended in Feb. 2015 to the quarter that ended in May. 2015 was €1,487 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Family Dollar Stores's Net-Net Working Capital per share for the quarter that ended in May. 2015 was €-8.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Family Dollar Stores's Days Inventory for the three months ended in May. 2015 was 84.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Family Dollar Stores's Inventory Turnover for the quarter that ended in May. 2015 was 1.07.

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. Family Dollar Stores's Inventory-to-Revenue for the quarter that ended in May. 2015 was 0.61.


Family Dollar Stores Total Inventories Historical Data

The historical data trend for Family Dollar Stores'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.

Family Dollar Stores Total Inventories Chart

Family Dollar Stores Annual Data
Trend Aug05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 796.72 805.95 1,149.49 1,101.73 1,209.06

Family Dollar Stores Quarterly Data
Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15
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 1,158.66 1,209.06 1,373.30 1,514.27 1,460.57

Family Dollar Stores 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.


Family Dollar Stores  (FRA:FAY) 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.

Family Dollar Stores's Net-Net Working Capital Per Share for the quarter that ended in May. 2015 is

Net-Net Working Capital Per Share (Q: May. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(196.896+0.75 * 0+0.5 * 1460.573-1860.689
-0-0)/114.514
=-8.15

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

Family Dollar Stores's Days Inventory for the three months ended in May. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: May. 2015 )/Cost of Goods Sold (Q: May. 2015 )*Days in Period
=1487.421/1597.585*365 / 4
=84.96

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

Family Dollar Stores's Inventory Turnover for the quarter that ended in May. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: May. 2015 ) / Average Total Inventories (Q: May. 2015 )
=1597.585 / 1487.421
=1.07

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.

Family Dollar Stores's Inventory to Revenue for the quarter that ended in May. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2015 ) / Revenue (Q: May. 2015 )
=1487.421 / 2441.718
=0.61

* 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.


Family Dollar Stores Total Inventories Related Terms

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Family Dollar Stores (FRA:FAY) Business Description

Traded in Other Exchanges
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Address
Family Dollar Stores Inc was incorporated in November 1959. The Company provides consumers with a selection of competitively priced merchandise in convenient neighbourhood stores. Its merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. It classifies the combination of Home Products, Apparel and Accessories, and Seasonal and Electronics as Discretionary. It operates general merchandise retail discount stores in 46 states, serving the basic needs of customers primarily in the low- and middle-income brackets. The stores are supported by 11 distribution centers and one Store Support Center. It competes for sales and store locations in varying degrees with international, national, regional and local retailing establishments, other discount stores, department stores, variety stores, dollar stores, discount clothing stores, drug stores, grocery stores, convenience stores, outlet stores, warehouse stores and other stores. The Company's trademark includes Family Dollar and Family Dollar Stores. Its business is subject to federal, state, local, and international laws, rules, and regulations, such as state and local wage and hour laws, anti-corruption laws, import and export laws, unclaimed property laws, and many others.

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