FRPC (First Republic of America) Total Inventories: $3.67 Mil (As of Mar. 2004)


What is First Republic of America Total Inventories?

First Republic of America FRPC Total Inventories is $3.67 Mil as of Mar. 2004.

First Republic of America's total inventories for the quarter that ended in Mar. 2004 was $3.67 Mil. First Republic of America's average total inventories from the quarter that ended in Dec. 2003 to the quarter that ended in Mar. 2004 was $4.12 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Republic of America's Net-Net Working Capital per share for the quarter that ended in Mar. 2004 was $-44.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Republic of America's Days Inventory for the three months ended in Mar. 2004 was 45.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Republic of America's Inventory Turnover for the quarter that ended in Mar. 2004 was 2.01.

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 Republic of America's Inventory-to-Revenue for the quarter that ended in Mar. 2004 was 0.35.

First Republic of America  (OTCPK:FRPC) 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 Republic of America's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2004 is

Net-Net Working Capital Per Share (Q: Mar. 2004 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.669+0.75 * 4.553+0.5 * 3.673-36.7
-0-0)/0.667
=-44.65

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

First Republic of America's Days Inventory for the three months ended in Mar. 2004 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2004 )/Cost of Goods Sold (Q: Mar. 2004 )*Days in Period
=4.118/8.262*365 / 4
=45.48

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

First Republic of America's Inventory Turnover for the quarter that ended in Mar. 2004 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2004 ) / Average Total Inventories (Q: Mar. 2004 )
=8.262 / 4.118
=2.01

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 Republic of America's Inventory to Revenue for the quarter that ended in Mar. 2004 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2004 ) / Revenue (Q: Mar. 2004 )
=4.118 / 11.849
=0.35

* 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 Republic of America Total Inventories Related Terms

First Republic of America Total Inventories Historical Data

* Premium members only.

The historical data trend for First Republic of America'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.

First Republic of America Total Inventories Chart

First Republic of America Annual Data
Trend Jun01 Jun02 Jun03
Total Inventories
10.61 7.41 7.49

First Republic of America Quarterly Data
Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.81 7.49 6.80 4.56 3.67

First Republic of America 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $3.67 Mil mean?
First Republic of America (FRPC) has a Total Inventories of $3.67 Mil as of Mar. 2004. The total amount of inventory as recorded on a company's balance sheet. View historical data for First Republic of America and its competitors.
Is First Republic of America's Total Inventories too high?
First Republic of America's current Total Inventories is $3.67 Mil.
How does First Republic of America's Total Inventories compare to competitors?
First Republic of America's Total Inventories of $3.67 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Business Services company?
A good Total Inventories depends on the Business Services industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for First Republic of America and its competitors. First Republic of America's current Total Inventories is $3.67 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Republic of America stock overvalued right now?
First Republic of America (FRPC) has a current Total Inventories of $3.67 Mil. The current Total Inventories is $3.67 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For First Republic of America (FRPC), the current Total Inventories is $3.67 Mil as of Mar. 2004. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.