Federated Hermes (FRA:3KC) Inventories, Work In Process : €0 Mil (As of Mar. 2024)

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What is Federated Hermes Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Federated Hermes's work in process for the quarter that ended in Mar. 2024 was €0 Mil.

Federated Hermes Inventories, Work In Process Historical Data

The historical data trend for Federated Hermes's Inventories, Work In Process 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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Federated Hermes Inventories, Work In Process Chart

Federated Hermes Annual Data

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Inventories, Work In Process

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Federated Hermes Quarterly Data
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Federated Hermes Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Federated Hermes (FRA:3KC) Business Description

Industry

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FHI:USA

Address

1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779

Website

https://www.federatedhermes.com

Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

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