Petrobras Argentina (Petrobras Argentina) Total Inventories : $114.3 Mil (As of Dec. 2017)

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What is Petrobras Argentina Total Inventories?

Petrobras Argentina's total inventories for the quarter that ended in Dec. 2017 was $114.3 Mil. Petrobras Argentina's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Dec. 2017 was $159.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Petrobras Argentina's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $-16.04.

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. Petrobras Argentina's Inventory Turnover for the quarter that ended in Dec. 2017 was 0.00.

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.

Petrobras Argentina Total Inventories Historical Data

The historical data trend for Petrobras Argentina'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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Petrobras Argentina Total Inventories Chart

Petrobras Argentina Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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206.69

228.16

16.15

205.46

114.32

Petrobras Argentina Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Jun14	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Sep16	Dec16	Dec17
Total Inventories	Get a 7-Day Free Trial															16.15	193.28	193.14	205.46	114.32

Petrobras Argentina 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.

Petrobras Argentina (NYSE:PZE) 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.

Petrobras Argentina's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is

	Net-Net Working Capital Per Share (Q: Dec. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(808.432	+	0.75 * 642.001	+	0.5 * 114.323	-	4417.649
-	0	-	167.688)	/	201.924
=	-16.04

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

Petrobras Argentina's Days Inventory for the three months ended in Dec. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2017 )	/	Cost of Goods Sold (Q: Dec. 2017 )	*	Days in Period
	=	159.89	/	0	*	365 / 4
	=

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

Petrobras Argentina's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2017 )	/	Average Total Inventories (Q: Dec. 2017 )
	=	0	/	159.89
	=	0.00

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.

Petrobras Argentina's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2017 )	/	Revenue (Q: Dec. 2017 )
	=	159.89	/	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.

Petrobras Argentina Total Inventories Related Terms

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Petrobras Argentina (Petrobras Argentina) Business Description

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Address

Maipu 1, Buenos Aires, ARG, C1084ABA

Website

http://www.pampaenergia.com

Petrobras Argentina SA engages in oil and gas exploration and production, refining and distribution, petrochemical manufacturing and gas and energy activities in Latin America.