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Mexco Energy (Mexco Energy) Total Inventories : $0.00 Mil (As of Dec. 2023)


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What is Mexco Energy Total Inventories?

Mexco Energy's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. Mexco Energy's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mexco Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mexco Energy's Days Inventory for the three months ended in Dec. 2023 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. Mexco Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.


Mexco Energy Total Inventories Historical Data

The historical data trend for Mexco Energy'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.

* Premium members only.

Mexco Energy Total Inventories Chart

Mexco Energy Annual Data
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Total Inventories
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Mexco Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Mexco Energy 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.


Mexco Energy  (AMEX:MXC) 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.

Mexco Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.579+0.75 * 0.92+0.5 * 0-1.267
-0-0)/2.09934
=1.43

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

Mexco Energy's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0/0.801*365 / 4
=0.00

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

Mexco Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=0.801 / 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.

Mexco Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0 / 1.656
=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.


Mexco Energy Total Inventories Related Terms

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Mexco Energy (Mexco Energy) Business Description

Traded in Other Exchanges
Address
415 W. Wall Street, Suite 475, Midland, TX, USA, 79701
Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.
Executives
Thomas H Decker director 271 HARBOR ROAD, RYE NH 03870
Tammy Mccomic officer: Vice President and Treasurer 4417 W. STOREY, MIDLAND TX 79703
Stacy D. Hardin officer: SECRETARY 2604 CIMMARON AVENUE, MIDLAND TX 79705
Donna Gail Yanko director, officer: Vice President and Secretary
Tom Craddick director 500 WEST TEXAS, SUITE 880, MIDLAND TX 79701
Michael J Banschbach director 505 N. BIG SPRING, SUITE 504, MIDLAND TX 79701
Kenneth L. Clayton director 12,335 BROKEN BOUGH DRIVE, HOUSTON TX 77024
Nicholas C Taylor director, 10 percent owner, officer: President 1203 COUNTRY CLUB DRIVE, MIDLAND TX 79701
Christopher M Schroeder director 5627 POTOMAC AVENUE NW, WASHINGTON DC 20016
Jack D Ladd director PO BOX 1540, MIDLAND TX 79702
Cox Howard E Jr 10 percent owner 880 WINTER ST 3RD FLOOR, WALTHAM MA 02451
Thomas Jr Graham director, other: Chairman of the Board C/O LIGHTBRIDGE CORPORATION, 11710 PLAZA AMERICA DRIVE, SUITE 2000, RESTON VA 20190
Paul G Hines director 17 TRACHELLE LANE, CHARLESTON SC 29407
Jeffry A Smith director P O BOX 1374, MIDLAND TX 79702
Arden R Grover director