FirsTime Design (FirsTime Design) Total Inventories : $1.04 Mil (As of Dec. 2012)

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What is FirsTime Design Total Inventories?

FirsTime Design's total inventories for the quarter that ended in Dec. 2012 was $1.04 Mil. FirsTime Design's average total inventories from the quarter that ended in Sep. 2012 to the quarter that ended in Dec. 2012 was $1.19 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FirsTime Design's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FirsTime Design's Days Inventory for the three months ended in Dec. 2012 was 50.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. FirsTime Design's Inventory Turnover for the quarter that ended in Dec. 2012 was 1.82.

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. FirsTime Design's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.46.

FirsTime Design Total Inventories Historical Data

The historical data trend for FirsTime Design'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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FirsTime Design Total Inventories Chart

FirsTime Design Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

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Dec10

Dec11

Dec12

Total Inventories

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4.19

2.33

1.48

1.01

1.04

FirsTime Design Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Total Inventories	Get a 7-Day Free Trial															1.01	0.87	1.57	1.34	1.04

FirsTime Design 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.

FirsTime Design (OTCPK:FTDL) 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.

FirsTime Design's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 is

	Net-Net Working Capital Per Share (Q: Dec. 2012 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.493	+	0.75 * 1.558	+	0.5 * 1.039	-	0.902
-	0	-	0)	/	1.52548
=	1.49

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

FirsTime Design's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	1.1885	/	2.166	*	365 / 4
	=	50.07

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

FirsTime Design's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2012 )	/	Average Total Inventories (Q: Dec. 2012 )
	=	2.166	/	1.1885
	=	1.82

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.

FirsTime Design's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	1.1885	/	2.61
	=	0.46

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.

FirsTime Design Total Inventories Related Terms

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FirsTime Design (FirsTime Design) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FirsTime Design Ltd (OTCPK:FTDL) » Definitions » Total Inventories

Traded in Other Exchanges

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Address

W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072

Website

https://www.firstime.com

FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.

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