First In, Still Here - FISH


DEFINITION of '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.

BREAKING DOWN 'First In, Still Here - FISH'

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.

  1. Obsolescence Risk

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  2. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets ...
  3. Asset Management

    1. The management of a client's investments by a financial services ...
  4. Inventory Accounting

    The body of accounting that deals with valuing and accounting ...
  5. First In, First Out - FIFO

    An asset-management and valuation method in which the assets ...
  6. Inventory

    The raw materials, work-in-process goods and completely finished ...
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  3. Do working capital funds expire?

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