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Montage Resources's total inventories for the quarter that ended in Sep. 2020 was $0.0 Mil. Montage Resources's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $0.0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Montage Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-26.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Montage Resources's Days Inventory for the three months ended in Sep. 2020 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Montage Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.00.
The historical data trend for Montage Resources'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.
Montage Resources Annual Data | |||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Montage Resources Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Montage Resources (NYSE:MR) 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.
Montage Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is
Net-Net Working Capital Per Share (Q: Sep. 2020 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (4.013 | + | 0.75 * 53.466 | + | 0.5 * 0 | - | 981.42 |
- | 0 | - | 0) | / | 36.0348 | ||
= | -26.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Montage Resources's Days Inventory for the three months ended in Sep. 2020 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2020 ) | / | Cost of Goods Sold (Q: Sep. 2020 ) | * | Days in Period |
= | 0 | / | 127.63 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Montage Resources's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2020 ) | / | Average Total Inventories (Q: Sep. 2020 ) |
= | 127.63 | / | 0 | |
= | N/A |
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.
Montage Resources's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2020 ) | / | Revenue (Q: Sep. 2020 ) |
= | 0 | / | 115.405 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of Montage Resources's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Burroughs Mark E Jr | director | 1100 LOUISIANA STREET SUITE 4900 HOUSTON TX 77002 |
D Martin Phillips | director | 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Richard D Paterson | director | 5 GREEWAY PLAZA SUITE 100, HOUSTON TX 77046 |
Randall M Albert | director | 5 PENN CENTER WEST, SUITE 401, PITTSBURGH PA 15276 |
Swanson Douglas E Jr | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
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Matthew Rucker | officer: EVP & Chief Operating Officer | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Michael L Hodges | officer: EVP & Chief Financial Officer | C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Paul M Johnston | officer: EVP & General Counsel | 777 POST OAK BLVD #650 HOUSTON TX 77056 |
John K. Reinhart | director, officer: President and CEO | 713 MARKET DR, OKLAHOMA CITY OK 73114 |
Oleg E Tolmachev | other: Former EVP & COO | 2121 OLD GATESBURG ROAD SUITE 110 STATE COLLEGE PA 16803 |
Michael Jennings | director | 10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024 |
Robert L Zorich | director | 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002 |
Eugene I Davis | director | 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342 |
Todd Bart | officer: VP & Chief Accounting Officer | 2121 OLD GATESBURG ROAD, SUITE 110, STATE COLLEGE PA 16801 |
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