Inventory Valuation Method (Historical)
Returns the inventory valuation method (FIFO, LIFO, Average Cost, etc.) used by a company.
Parameters
| Parameter | Required | Description |
|---|---|---|
| Symbol | Yes | Stock ticker symbol |
| Year | Yes | Fiscal year or period code |
| Quarter | No | Calendar quarter 1-4 |
| TTM | No | Set to "TTM" for trailing twelve months |
Common Methods
| Method | Description |
|---|---|
| FIFO | First In, First Out |
| LIFO | Last In, First Out |
| AVG | Average Cost |
| SPEC | Specific Identification |
Examples
=hf_Inventory_valuation_method("WMT", 2023, 4)=hf_Inventory_valuation_method("CAT", "ly", 2)=hf_Inventory_valuation_method(A1, B1, C1)When to Use
- Comparing inventory valuations
- Understanding accounting policies
- LIFO reserve adjustments
- Peer comparison normalization
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need inventory amounts | hf_Total_inventory() |
| Need cost of goods sold | hf_Cost_of_goods_sold() |
Common Issues & FAQ
Q: Why does inventory method matter? A: LIFO vs FIFO affects reported inventory value, COGS, and net income. Important for cross-company comparisons.
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