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C&J Energy Services (C&J Energy Services) Total Inventories : $58 Mil (As of Jun. 2019)


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What is C&J Energy Services Total Inventories?

C&J Energy Services's total inventories for the quarter that ended in Jun. 2019 was $58 Mil. C&J Energy Services's average total inventories from the quarter that ended in Mar. 2019 to the quarter that ended in Jun. 2019 was $60 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. C&J Energy Services's Net-Net Working Capital per share for the quarter that ended in Jun. 2019 was $1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. C&J Energy Services's Days Inventory for the three months ended in Jun. 2019 was 11.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. C&J Energy Services's Inventory Turnover for the quarter that ended in Jun. 2019 was 7.83.

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. C&J Energy Services's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.12.


C&J Energy Services Total Inventories Historical Data

The historical data trend for C&J Energy Services'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.

C&J Energy Services Total Inventories Chart

C&J Energy Services Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 122.17 102.26 54.47 77.79 62.63

C&J Energy Services Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.09 73.19 62.63 61.33 57.91

C&J Energy Services 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.


C&J Energy Services  (NYSE:CJ) 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.

C&J Energy Services's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2019 is

Net-Net Working Capital Per Share (Q: Jun. 2019 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(114.374+0.75 * 341.475+0.5 * 57.905-298.058
-0-0)/66.0553
=1.53

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

C&J Energy Services's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2019 )/Cost of Goods Sold (Q: Jun. 2019 )*Days in Period
=59.6165/466.607*365 / 4
=11.66

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

C&J Energy Services's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2019 ) / Average Total Inventories (Q: Jun. 2019 )
=466.607 / 59.6165
=7.83

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.

C&J Energy Services's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2019 ) / Revenue (Q: Jun. 2019 )
=59.6165 / 501.082
=0.12

* 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.


C&J Energy Services Total Inventories Related Terms

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C&J Energy Services (C&J Energy Services) Business Description

Traded in Other Exchanges
N/A
Address
3990 Rogerdale Road, Houston, TX, USA, 77042
C&J Energy Services is an oil and gas equipment and services company operating in North America. The company provides oilfield and rig services to upstream exploration and production companies. Its three main business segments are completion services, well construction and intervention services, and well support services. Completion services generate most of the company's revenue and include fracturing services and cased-hole wireline and pumping services. The well construction and intervention services segment consists of cementing and coiled tubing services. The company's well support services segment includes rig services, fluid management services, and other special well site services. The company generates most of its revenue in the United States.
Executives
Sterling Renshaw officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
John J Kennedy director C/O EDGEN GROUP INC., 18444 HIGHLAND ROAD, BATON ROUGE LA 70809
Michael Roemer director 10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Patrick M Murray director 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
Steven L Mueller director
William D. Driver officer: See Remarks 10375 RICHMOND AVENUE, SUITE 2000, HOUSTON TX 77042
Michael S Galvan officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
Van Gaalen Jan Kees officer: Chief Financial Officer 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Danielle E. Hunter officer: See Remarks 3990 ROGERDALE RD., HOUSTON TX 77042
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Stuart M Brightman director 25025 INTERSTATE 45 NORTH, SUITE 600, THE WOODLANDS TX 77380
Solus Alternative Asset Management Lp 10 percent owner 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo 10 percent owner C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Solus Gp Llc 10 percent owner C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Stephen A Schwarzman 10 percent owner C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154