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Federal Screw Works (Federal Screw Works) Total Inventories : $17.23 Mil (As of Dec. 2004)


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What is Federal Screw Works Total Inventories?

Federal Screw Works's total inventories for the quarter that ended in Dec. 2004 was $17.23 Mil. Federal Screw Works's average total inventories from the quarter that ended in Sep. 2004 to the quarter that ended in Dec. 2004 was $16.62 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Federal Screw Works's Net-Net Working Capital per share for the quarter that ended in Dec. 2004 was $-23.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Federal Screw Works's Days Inventory for the three months ended in Dec. 2004 was 72.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Federal Screw Works's Inventory Turnover for the quarter that ended in Dec. 2004 was 1.26.

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. Federal Screw Works's Inventory-to-Revenue for the quarter that ended in Dec. 2004 was 0.81.


Federal Screw Works Total Inventories Historical Data

The historical data trend for Federal Screw Works'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.

Federal Screw Works Total Inventories Chart

Federal Screw Works Annual Data
Trend Jun95 Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.01 17.09 17.53 14.57 15.73

Federal Screw Works Quarterly Data
Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04
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 15.09 15.06 15.73 16.01 17.23

Federal Screw Works 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.


Federal Screw Works  (OTCPK:FSCR) 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.

Federal Screw Works's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2004 is

Net-Net Working Capital Per Share (Q: Dec. 2004 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.142+0.75 * 13.461+0.5 * 17.233-51.846
-0-0)/1.3828
=-23.86

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

Federal Screw Works's Days Inventory for the three months ended in Dec. 2004 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2004 )/Cost of Goods Sold (Q: Dec. 2004 )*Days in Period
=16.619/20.914*365 / 4
=72.51

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

Federal Screw Works's Inventory Turnover for the quarter that ended in Dec. 2004 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2004 ) / Average Total Inventories (Q: Dec. 2004 )
=20.914 / 16.619
=1.26

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.

Federal Screw Works's Inventory to Revenue for the quarter that ended in Dec. 2004 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2004 ) / Revenue (Q: Dec. 2004 )
=16.619 / 20.455
=0.81

* 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.


Federal Screw Works Total Inventories Related Terms

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Federal Screw Works (Federal Screw Works) Business Description

Traded in Other Exchanges
N/A
Address
34846 Goddard Road, Romulus, MI, USA, 48174
Federal Screw Works operates as the manufacturer and marketer of industrial component parts. The group offers component parts such as locknuts, bolts, piston pins, studs, bushings, shafts, and other machined, cold-formed, hardened, and ground metal parts, which are primarily served by the automobile industry. Its component is used in the products of cold-formed and machined pins and products, close tolerance machined products, engineered nut products, cold-formed tooling, and complex cold-formed products. Geographically all the operations function through the United States.

Federal Screw Works (Federal Screw Works) Headlines

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