FRCOF (Fast Retailing Co) Total Inventories : $3,244 Mil (As of Aug. 2024)

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What is Fast Retailing Co Total Inventories?

Fast Retailing Co's total inventories for the quarter that ended in Aug. 2024 was $3,244 Mil. Fast Retailing Co's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Aug. 2024 was $2,920 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fast Retailing Co's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was $8.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fast Retailing Co's Days Inventory for the three months ended in Aug. 2024 was 113.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fast Retailing Co's Inventory Turnover for the quarter that ended in Aug. 2024 was 0.80.

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. Fast Retailing Co's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.58.

Fast Retailing Co Total Inventories Historical Data

The historical data trend for Fast Retailing Co'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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Fast Retailing Co Total Inventories Chart

Fast Retailing Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Inventories

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3,938.47

3,594.52

3,591.92

3,103.00

3,243.86

Fast Retailing Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Inventories	Get a 7-Day Free Trial															3,103.00	3,245.11	2,769.99	2,597.02	3,243.86

Fast Retailing Co 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.

Fast Retailing Co (OTCPK:FRCOF) 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.

Fast Retailing Co's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11377.46	+	0.75 * 573.818	+	0.5 * 3243.858	-	10387.457
-	0	-	353.593)	/	306.739
=	8.77

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

Fast Retailing Co's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	2920.4385	/	2346.7	*	365 / 4
	=	113.56

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

Fast Retailing Co's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	2346.7	/	2920.4385
	=	0.80

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.

Fast Retailing Co's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	2920.4385	/	5041.121
	=	0.58

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.

Fast Retailing Co Total Inventories Related Terms

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Fast Retailing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fast Retailing Co Ltd (OTCPK:FRCOF) » Definitions » Total Inventories

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Traded in Other Exchanges

FRCOY:USA 9983:Japan 06288:Hong Kong FR7H:Germany

Address

10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894

Website

https://www.fastretailing.com

Fast Retailing is Japan's largest apparel company, operating the casualwear retail chain Uniqlo known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales, while outsourcing almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the fourth-largest apparel company by sales globally in 2023 in our estimate, thanks to the expansion of Uniqlo International, which contributed 52% of core operating profit. As at the end of fiscal 2023, it ran 3,578 stores globally. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, and Princesse Tam Tam. The Yanai family owned a 40.86% stake in the firm as at June 8, 2024.