CONSOL Coal Resources LP (CONSOL Coal Resources LP) Total Inventories : $13.2 Mil (As of Sep. 2020)

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What is CONSOL Coal Resources LP Total Inventories?

CONSOL Coal Resources LP's total inventories for the quarter that ended in Sep. 2020 was $13.2 Mil. CONSOL Coal Resources LP's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $13.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CONSOL Coal Resources LP's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-9.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CONSOL Coal Resources LP's Days Inventory for the three months ended in Sep. 2020 was 25.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. CONSOL Coal Resources LP's Inventory Turnover for the quarter that ended in Sep. 2020 was 3.62.

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. CONSOL Coal Resources LP's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.28.

CONSOL Coal Resources LP Total Inventories Historical Data

The historical data trend for CONSOL Coal Resources LP'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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CONSOL Coal Resources LP Total Inventories Chart

CONSOL Coal Resources LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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12.24

11.49

12.30

11.07

12.65

CONSOL Coal Resources LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Inventories	Get a 7-Day Free Trial															11.34	12.65	13.79	14.12	13.18

CONSOL Coal Resources LP 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.

CONSOL Coal Resources LP (NYSE:CCR) 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.

CONSOL Coal Resources LP's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.625	+	0.75 * 24.887	+	0.5 * 13.178	-	285.553
-	0	-	0)	/	27.6903
=	-9.38

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

CONSOL Coal Resources LP's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	13.65	/	49.444	*	365 / 4
	=	25.19

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

CONSOL Coal Resources LP's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	49.444	/	13.65
	=	3.62

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.

CONSOL Coal Resources LP's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	13.65	/	49.243
	=	0.28

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.

CONSOL Coal Resources LP Total Inventories Related Terms

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CONSOL Coal Resources LP (CONSOL Coal Resources LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CONSOL Coal Resources LP (NYSE:CCR) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

1000 CONSOL Energy Drive, Suite 100, CNX Center, Canonsburg, PA, USA, 15317-6506

Website

http://www.ccrlp.com

CONSOL Coal Resources LP is engaged in the thermal coal operations in Pennsylvania. The company's assets include interests in CONSOL energy's Pennsylvania mining complex, which consists of approximately three underground mines (Bailey Mine, Enlow Fork Mine, and Harvey Mine) and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. All the operations of the group are conducted at a single mining complex located in the Northern Appalachian Basin in southwestern Pennsylvania.

Executives

Jeffrey L Wallace	director, other: SEE REMARKS	1000 CONSOL ENERGY DRIVE CANONSBURG PA 15317
Michael L Greenwood	director, other: SEE REMARKS
Dan D Sandman	director, other: SEE REMARKS
Miteshkumar Thakkar	officer: See Remarks	1000 CONSOL DRIVE, SUITE 100, CANONSBURG PA 15317
John Rothka	officer: Chief Accounting Officer	2970 HENDERSON AVENUE, WASHINGTON PA 15301
Consol Energy Inc.	director, 10 percent owner	1000 CONSOL ENERGY DRIVE SUITE #100 CANONSBURG PA 15317
Greenlight Capital Inc	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors, Lp	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors Gp, L.l.c.	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Capital Management, Lp	10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
David Einhorn	10 percent owner, other: See Footnotes (1) - (11)	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Deborah J. Lackovic	director, other: SEE REMARKS	C/O CONSOL COAL RESOURCES LP 100 CONSOL ENERGY DRIVE, SUITE 100 CANONSBURG PA 15317
Kurt R. Salvatori	director, other: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Martha A Wiegand	officer: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
James A Brock	director, officer: SEE REMARKS	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317