Virtus Oil & Gas (Virtus Oil & Gas) Total Inventories : $0.00 Mil (As of Feb. 2016)

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What is Virtus Oil & Gas Total Inventories?

Virtus Oil & Gas's total inventories for the quarter that ended in Feb. 2016 was $0.00 Mil. Virtus Oil & Gas's average total inventories from the quarter that ended in Nov. 2015 to the quarter that ended in Feb. 2016 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Virtus Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Feb. 2016 was $-0.39.

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

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.

Virtus Oil & Gas Total Inventories Historical Data

The historical data trend for Virtus Oil & Gas'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.

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Virtus Oil & Gas Total Inventories Chart

Virtus Oil & Gas Annual Data

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Total Inventories

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Virtus Oil & Gas Quarterly Data
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Virtus Oil & Gas 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.

Virtus Oil & Gas (GREY:VOIL) 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.

Virtus Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2016 is

	Net-Net Working Capital Per Share (Q: Feb. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	3.397
-	0	-	0)	/	8.79876
=	-0.39

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

Virtus Oil & Gas's Days Inventory for the three months ended in Feb. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2016 )	/	Cost of Goods Sold (Q: Feb. 2016 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Virtus Oil & Gas's Inventory Turnover for the quarter that ended in Feb. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2016 )	/	Average Total Inventories (Q: Feb. 2016 )
	=	0	/	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.

Virtus Oil & Gas's Inventory to Revenue for the quarter that ended in Feb. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2016 )	/	Revenue (Q: Feb. 2016 )
	=	0	/	0
	=

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.

Virtus Oil & Gas Total Inventories Related Terms

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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

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Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

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