First Resources (SGX:EB5) Total Inventories : S$199 Mil (As of Dec. 2023)

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What is First Resources Total Inventories?

First Resources's total inventories for the quarter that ended in Dec. 2023 was S$199 Mil. First Resources's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was S$216 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Resources's Days Inventory for the six months ended in Dec. 2023 was 90.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Resources's Inventory Turnover for the quarter that ended in Dec. 2023 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 Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

First Resources Total Inventories Historical Data

The historical data trend for First Resources'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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First Resources Total Inventories Chart

First Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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146.06

176.41

198.17

226.01

199.11

First Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															198.17	341.05	226.01	233.56	199.11

First Resources 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.

First Resources (SGX:EB5) 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.

First Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(147.828	+	0.75 * 40.792	+	0.5 * 199.112	-	496.955
-	0	-	131.051)	/	1564.99
=	-0.22

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

First Resources's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	216.334	/	433.953	*	365 / 2
	=	90.98

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

First Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	433.953	/	216.334
	=	2.01

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.

First Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	216.334	/	708.4
	=	0.31

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.

First Resources Total Inventories Related Terms

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First Resources (SGX:EB5) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Resources Ltd (SGX:EB5) » Definitions » Total Inventories

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Traded in Other Exchanges

5F1:Germany

Address

7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987

Website

https://www.first-resources.com

First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

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