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PHX Minerals (PHX Minerals) Total Inventories : $0.00 Mil (As of Dec. 2023)


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What is PHX Minerals Total Inventories?

PHX Minerals's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. PHX Minerals'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. PHX Minerals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PHX Minerals'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. PHX Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.


PHX Minerals Total Inventories Historical Data

The historical data trend for PHX Minerals'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.

PHX Minerals Total Inventories Chart

PHX Minerals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec23
Total Inventories
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PHX Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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PHX Minerals 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.


PHX Minerals  (NYSE:PHX) 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.

PHX Minerals'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)
=(0.806+0.75 * 4.9+0.5 * 0-43.277
-0-0)/35.9902
=-1.08

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

PHX Minerals'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
=0/4.165*365 / 4
=0.00

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

PHX Minerals'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 )
=4.165 / 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.

PHX Minerals'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 / 11.783
=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.


PHX Minerals Total Inventories Related Terms

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PHX Minerals (PHX Minerals) Business Description

Traded in Other Exchanges
Address
1320 South University Drive, Suite 720, Fort Worth, TX, USA, 76107
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.
Executives
Edenbrook Capital, Llc 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Chad True officer: Principal Accounting Officer 2113 NW 59TH PLACE, OKLAHOMA CITY OK 73112
Raphael D'amico officer: VP - Business Development 5400 NORTH GRAND BOULEVARD, SUITE 300, OKLAHOMA CITY OK 73112
Chad L Stephens director 100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Srp Capital Advisors, Llc 10 percent owner 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219
Steven L Packebush director 3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238
Peter B Delaney director P.O. BOX 321, OKLAHOMA CITY OK 73101
Christopher T. Fraser director 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Glen A Brown director P.O. BOX 268836, OKLAHOMA CITY OK 73126
William T Fennebresque 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Srpo-ii Manager, Lp 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Cwep-srpoii Investments, Llc other: See Explanation of Responses 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners, Llc other: See Explanation of Responses 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Palmetto Investment Partners Ii, Llc 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219
Ryan A Turner 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 1100, DALLAS TX 75219