Fomo Worldwide (Fomo Worldwide) Total Inventories : $0.22 Mil (As of Sep. 2023)

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What is Fomo Worldwide Total Inventories?

Fomo Worldwide's total inventories for the quarter that ended in Sep. 2023 was $0.22 Mil. Fomo Worldwide's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.26 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fomo Worldwide's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fomo Worldwide's Days Inventory for the three months ended in Sep. 2023 was 48.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fomo Worldwide's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.87.

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. Fomo Worldwide's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.42.

Fomo Worldwide Total Inventories Historical Data

The historical data trend for Fomo Worldwide'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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Fomo Worldwide Total Inventories Chart

Fomo Worldwide Annual Data

Trend

Dec13

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Dec22

Total Inventories

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0.01

0.38

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															1.75	0.38	0.26	0.30	0.22

Fomo Worldwide 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.

Fomo Worldwide (OTCPK:IGOT) 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.

Fomo Worldwide'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)
=	(0.002	+	0.75 * 0.595	+	0.5 * 0.217	-	4.772
-	0.003	-	0)	/	99.0888
=	-0.04

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

Fomo Worldwide'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
	=	0.2565	/	0.48	*	365 / 4
	=	48.76

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

Fomo Worldwide'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 )
	=	0.48	/	0.2565
	=	1.87

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.

Fomo Worldwide'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 )
	=	0.2565	/	0.609
	=	0.42

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.

Fomo Worldwide Total Inventories Related Terms

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Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174