FRMO (FRMO) Total Inventories : $0.00 Mil (As of May. 2014)

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What is FRMO Total Inventories?

FRMO's total inventories for the quarter that ended in May. 2014 was $0.00 Mil. FRMO's average total inventories from the quarter that ended in May. 2013 to the quarter that ended in May. 2014 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FRMO's Net-Net Working Capital per share for the quarter that ended in May. 2014 was $1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FRMO's Days Inventory for the six months ended in May. 2014 was 0.00.

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

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. FRMO's Inventory-to-Revenue for the quarter that ended in May. 2014 was 0.00.

FRMO Total Inventories Historical Data

The historical data trend for FRMO'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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FRMO Total Inventories Chart

FRMO Annual Data

Trend

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May12

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May14

Total Inventories

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FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

FRMO 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.

FRMO (OTCPK:FRMO) 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.

FRMO's Net-Net Working Capital Per Share for the quarter that ended in May. 2014 is

	Net-Net Working Capital Per Share (Q: May. 2014 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(85.927	+	0.75 * 0.595	+	0.5 * 0	-	16.393
-	0	-	0)	/	43.5047
=	1.61

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

FRMO's Days Inventory for the six months ended in May. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2014 )	/	Cost of Goods Sold (Q: May. 2014 )	*	Days in Period
	=	0	/	0.103	*	365 / 2
	=	0.00

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

FRMO's Inventory Turnover for the quarter that ended in May. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2014 )	/	Average Total Inventories (Q: May. 2014 )
	=	0.103	/	0
	=	N/A

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.

FRMO's Inventory to Revenue for the quarter that ended in May. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2014 )	/	Revenue (Q: May. 2014 )
	=	0	/	6.386
	=	0.00

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.

FRMO Total Inventories Related Terms

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FRMO Business Description

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Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is an intellectual capital firm identifying and managing investment strategies and business opportunities.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527