First Republic of America (First Republic of America) Days Inventory : 45.48 (As of Mar. 2004)

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What is First Republic of America Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Republic of America's Average Total Inventories for the three months ended in Mar. 2004 was $4.12 Mil. First Republic of America's Cost of Goods Sold for the three months ended in Mar. 2004 was $8.26 Mil. Hence, First Republic of America's Days Inventory for the three months ended in Mar. 2004 was 45.48.

The historical rank and industry rank for First Republic of America's Days Inventory or its related term are showing as below:

FRPC's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.67
* Ranked among companies with meaningful Days Inventory only.

First Republic of America's Days Inventory declined from Mar. 2003 (87.74) to Mar. 2004 (45.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. First Republic of America's Inventory Turnover for the three months ended in Mar. 2004 was 2.01.

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. First Republic of America's Inventory-to-Revenue for the three months ended in Mar. 2004 was 0.35.

First Republic of America Days Inventory Historical Data

The historical data trend for First Republic of America's Days Inventory 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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First Republic of America Days Inventory Chart

First Republic of America Annual Data

Trend

Jun01

Jun02

Jun03

Days Inventory

64.75

64.12

65.33

First Republic of America Quarterly Data
	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04
Days Inventory	Get a 7-Day Free Trial							87.74	68.14	92.77	59.20	45.48

Competitive Comparison of First Republic of America's Days Inventory

For the Specialty Business Services subindustry, First Republic of America's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Republic of America's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, First Republic of America's Days Inventory distribution charts can be found below:

* The bar in red indicates where First Republic of America's Days Inventory falls into.

First Republic of America Days Inventory Calculation

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

First Republic of America's Days Inventory for the fiscal year that ended in Jun. 2003 is calculated as

	Days Inventory (A: Jun. 2003 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2002 )	+	Total Inventories (A: Jun. 2003 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2003 )	*	Days in Period
=	( (7.406	+	7.489)	/	2 )	/	41.609	*	365
=	7.4475					/	41.609	*	365
=	65.33

First Republic of America's Days Inventory for the quarter that ended in Mar. 2004 is calculated as:

	Days Inventory (Q: Mar. 2004 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2003 )	+	Total Inventories (Q: Mar. 2004 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2004 )	*	Days in Period
=	( (4.563	+	3.673)	/	2 )	/	8.262	*	365 / 4
=	4.118					/	8.262	*	365 / 4
=	45.48

First Republic of America (OTCPK:FRPC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

First Republic of America's Inventory Turnover for the three months ended in Mar. 2004 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.262	/	4.118
	=	2.01

2. 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.

First Republic of America's Inventory to Revenue for the three months ended in Mar. 2004 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.118	/	11.849
	=	0.35

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

First Republic of America Days Inventory Related Terms

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First Republic of America (First Republic of America) Business Description

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