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US Energy's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. US 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. US Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.13.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. US 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. US Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for US 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.
US Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
US Energy Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
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.
US Energy (NAS:USEG) 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.
US 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) | ||
= | (3.515 | + | 0.75 * 2.336 | + | 0.5 * 0 | - | 33.922 |
- | 0 | - | 0) | / | 25.3339 | ||
= | -1.13 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
US 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 | / | 6.752 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
US 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 ) |
= | 6.752 | / | 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.
US 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 | / | 7.324 | |
= | 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 US Energy's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Randall D Keys | director | 3 HICKORY SHADOWS DR, HOUSTON TX 77055 |
Mark L. Zajac | officer: Chief Financial Officer | 70 SILVERMONT DR, THE WOODLANDS TX 77382 |
Wallis T Marsh | other: Member of 10% owner group | 210 HERITAGE OAKS, HOUSTON TX 77024 |
King Oil & Gas Company, Inc. | other: Members of 10% owner group | 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024 |
Wdm Family Partnership, Lp | 10 percent owner | 210 HERITAGE OAKS LN, HOUSTON TX 77024 |
Katla Energy Holdings Llc | 10 percent owner | 1616 S VOSS RD, #530, HOUSTON TX 77057 |
Synergy Offshore Llc | 10 percent owner, other: Member of 10% owner group | 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024 |
Benjamin Andrew Stamets | 10 percent owner, other: Member of 10% owner group | 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056 |
Lubbock Energy Partners Llc | 10 percent owner, other: Member of 10% owner group | 1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057 |
Lee Hightower | 10 percent owner, other: Member of 10% owner group | 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024 |
Duane H King | director, 10 percent owner, other: Member of 10% owner group | 9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024 |
Llano Energy Llc | other: Member of 10% owner group | 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056 |
Banner Oil & Gas, Llc | 10 percent owner, other: Member of 10% owner group | 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056 |
Joshua Lane Batchelor | director, 10 percent owner, other: Member of 10% owner group | 2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056 |
John A Weinzierl | director, 10 percent owner, other: Member of 10% owner group | MEMORIAL RESOURCE DEVELOPMENT, LLC, 1301 MCKINNEY STREET, SUITE 2100, HOUSTON TX 77010 |
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