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FitLife Brands's total inventories for the quarter that ended in Sep. 2024 was $10.37 Mil. FitLife Brands's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $10.08 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FitLife Brands's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-2.84.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FitLife Brands's Days Inventory for the three months ended in Sep. 2024 was 102.42.
Inventory Turnover measures how fast the company turns over its inventory within a year. FitLife Brands's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.89.
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. FitLife Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.63.
The historical data trend for FitLife Brands'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.
FitLife Brands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 3.36 | 3.53 | 6.52 | 9.11 | 9.09 |
FitLife Brands Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial | 7.72 | 9.09 | 8.87 | 9.78 | 10.37 |
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.
FitLife Brands (NAS:FTLF) 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.
FitLife Brands's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
Net-Net Working Capital Per Share (Q: Sep. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (4.664 | + | 0.75 * 2.008 | + | 0.5 * 10.371 | - | 24.429 |
- | 0 | - | 0) | / | 4.59824 | ||
= | -2.84 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
FitLife Brands's Days Inventory for the three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 10.075 | / | 8.976 | * | 365 / 4 | |
= | 102.42 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
FitLife Brands's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2024 ) | / | Average Total Inventories (Q: Sep. 2024 ) |
= | 8.976 | / | 10.075 | |
= | 0.89 |
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.
FitLife Brands's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 10.075 | / | 15.977 | |
= | 0.63 |
* 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.
Thank you for viewing the detailed overview of FitLife Brands's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan Patrick John Phillip | officer: Chief Retail Officer | 16301 FLINT ST, OVERLAND PARK KS 66221 |
Jakob York | officer: CHIEF FINANCIAL OFFICER | C/O FITLIFE BRANDS, INC., 5214 S. 136TH STREET, OMAHA NE 68137 |
Todd Ordal | director | 15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401 |
Lewis Jaffe | director | 201 MERRITT 7 CORPORATE PARK, NORWALK CT 06851 |
Judd Dayton | director | 878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019 |
Susan Kinnaman | officer: Chief Financial Officer | 5214 S. 136TH STREET, OMAHA NE 68137 |
Seth Yakatan | director | 231 NORMAN AVENUE, BROOKLYN NY 11222 |
Stephen D. Adele | director, officer: CEO, iSatori, Inc. | 15000 W. 6TH AVENUE, SUITE 202, GOLDEN CO 80401 |
Jeffrey N. Greenblatt | 10 percent owner | 14 EAST 60TH STREET, SUITE 600, NEW YORK NY 10022 |
Grant Robert Dawson | director | C/O GLOWPOINT, INC., 430 MOUNTAIN AVENUE, SUITE 301, MURRAY HILL NJ 07974 |
Fadi M. Aramouni | director | 3017 JEANIE LANE, MANHATTAN KS 66502 |
Jason T Adelman | 10 percent owner | 900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021 |
Michael S Abrams | officer: Chief Financial Officer | 64 RAMSHEAD ROAD, RAYNHAM MA 02767 |
John S Wilson | director, officer: CHIEF EXECUTIVE OFFICER | 11011 Q STREET, BUILDING A, SUITE 106, OMAHA NE 68137 |
Landers Elorian Connard | director |
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