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Prairie Operating Co's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. Prairie Operating Co'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. Prairie Operating Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.79.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prairie Operating Co'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. Prairie Operating Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for Prairie Operating Co'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.
Prairie Operating Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | 0.02 | - | - |
Prairie Operating Co 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.
Prairie Operating Co (NAS:PROP) 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.
Prairie Operating Co'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) | ||
= | (13.037 | + | 0.75 * 0.33 | + | 0.5 * 0 | - | 5.51 |
- | 0 | - | 0) | / | 9.82672 | ||
= | 0.79 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Prairie Operating Co'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 | / | 0.246 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Prairie Operating Co'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 ) |
= | 0.246 | / | 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.
Prairie Operating Co'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 | / | 0.909 | |
= | 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 Prairie Operating Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
James W. Wallis | 10 percent owner | 6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116 |
Daniel T. Sweeney | officer: General Counsel & Corp. Sec'y | 8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114 |
Jonathan H. Gray | director | 657 PERUGIA WAY, LOS ANGELES CA 90077 |
Erik Thoresen | director | C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065 |
Robert Craig Owen | officer: Chief Financial Officer | 2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032 |
Stephen Lee | director | 3326 MID LANE, HOUSTON TX 77027 |
Jeremy Landon Ham | officer: Chief Commercial Officer | 12115 DOUBLE TREE DRIVE, HOUSTON TX 77070 |
Michael Martin Breen | director | LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU |
Paul Kessler | director, 10 percent owner | 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360 |
Bryan Freeman | officer: Exec VP of Operations | 16200 PARK ROW, SUITE 300, HOUSTON TX 77084 |
Gary C Hanna | director, officer: President | |
Gizman I Abbas | director | 415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013 |
Edward Kovalik | director, officer: Chief Executive Officer | 1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238 |
Scott D Kaufman | director, 10 percent owner, officer: Chairman, CEO and President | MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022 |
Alan Louis Urban | officer: Chief Financial Officer | 1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404 |
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