First In, Still Here (FISH)
An accounting buzzword that describe when companies still have inventory on hand that is not being sold due to inattention or obsolescence. While not an official type of accounting treatment, the term is named after the LIFO and FIFO accounting methods. Investopedia Says:
Companies in a state of FISH accounting tend to have turnover rates that are lower than the industry average. Investors tend to avoid investing in companies that are in a "FISH-like" state, because having inventory lying about consumes expensive capital and storage space. Related Terms:
Asset Management
First In, First Out - FIFO
Inventory
Inventory Accounting
Last In, First Out - LIFO
Obsolescence Risk |