FRX Innovations (TSXV:FRXI) Total Inventories : C$2.85 Mil (As of Sep. 2023)

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What is FRX Innovations Total Inventories?

FRX Innovations's total inventories for the quarter that ended in Sep. 2023 was C$2.85 Mil. FRX Innovations's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was C$3.24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FRX Innovations's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was C$-0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FRX Innovations's Days Inventory for the three months ended in Sep. 2023 was 218.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. FRX Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.42.

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. FRX Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.81.

FRX Innovations Total Inventories Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Total Inventories Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

1.96

2.31

1.49

1.82

4.52

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial									3.19	4.52	4.02	3.64	2.85

FRX Innovations 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.

FRX Innovations (TSXV:FRXI) 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.

FRX Innovations's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.16	+	0.75 * 0.364	+	0.5 * 2.848	-	22.601
-	0	-	-0.729)	/	99.4577
=	-0.20

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

FRX Innovations's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	3.243	/	1.356	*	365 / 4
	=	218.23

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

FRX Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	1.356	/	3.243
	=	0.42

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.

FRX Innovations's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.243	/	0.851
	=	3.81

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.

FRX Innovations Total Inventories Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Total Inventories

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Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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