Free Flow (Free Flow) Inventory Turnover : 0.29 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Free Flow Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Free Flow's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Free Flow's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil. Free Flow's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Free Flow's Days Inventory for the three months ended in Mar. 2024 was 319.38.

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. Free Flow's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Free Flow Inventory Turnover Historical Data

The historical data trend for Free Flow's Inventory Turnover 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.

* Premium members only.

Free Flow Inventory Turnover Chart

Free Flow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.17

0.14

0.16

5.67

Free Flow Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															10.00	-	-	0.20	0.29

Free Flow Inventory Turnover Calculation

Free Flow's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.017	/ (	(0.001	+	0.005)	/	2 )
=	0.017	/	0.003
=	5.67

Free Flow's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.001	/ (	(0.005	+	0.002)	/	2 )
=	0.001	/	0.0035
=	0.29

Free Flow (OTCPK:FFLO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Free Flow's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.0035	/	0.001	*	365 / 4
	=	319.38

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.

Free Flow's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.0035	/	0.003
	=	1.17

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Free Flow Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Free Flow's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Free Flow (Free Flow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Free Flow Inc (OTCPK:FFLO) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

6269 Caledon Road, King George, VA, USA, 22485

Website

https://www.freeflowplc.com

Free Flow Inc focuses on the business of used auto parts. It is engaged in disassembling salvaged automobiles and sells presorted automobile parts through a parts locator network. It also owns the formulation and trademark of an Aerosol named HYGIENiQ. It eliminates smoke odor, mold, and mildew and is useful in automobiles and home applications. It consists of multiple businesses which make up subsidiaries and divisions: Accurate Auto Parts, Inc; HYGIENIQ.COM; Motors and Metals, Inc.; and Citi Autos, Corp.

Executives

Sabir Saleem

director, 10 percent owner

2301 WOODLAND CROSSING DR., SUITE 155, HERNDON VA 20171