Reservoir Media (Reservoir Media) Total Inventories : $6.8 Mil (As of Dec. 2023)

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What is Reservoir Media Total Inventories?

Reservoir Media's total inventories for the quarter that ended in Dec. 2023 was $6.8 Mil. Reservoir Media's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $6.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Reservoir Media's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reservoir Media's Days Inventory for the three months ended in Dec. 2023 was 45.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Reservoir Media's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.00.

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. Reservoir Media's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Reservoir Media Total Inventories Historical Data

The historical data trend for Reservoir Media'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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Reservoir Media Total Inventories Chart

Reservoir Media Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

1.41

4.04

5.46

Reservoir Media Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial									5.86	5.46	5.09	6.45	6.80

Reservoir Media 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.

Reservoir Media (NAS:RSVR) 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.

Reservoir Media'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)
=	(19.514	+	0.75 * 30.584	+	0.5 * 6.796	-	436.088
-	0	-	1.434)	/	64.8134
=	-6.04

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

Reservoir Media'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
	=	6.623	/	13.222	*	365 / 4
	=	45.71

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

Reservoir Media'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 )
	=	13.222	/	6.623
	=	2.00

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.

Reservoir Media'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 )
	=	6.623	/	35.476
	=	0.19

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.

Reservoir Media Total Inventories Related Terms

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Reservoir Media (Reservoir Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reservoir Media Inc (NAS:RSVR) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

0RL0:Germany

Address

200 Varick Street, Suite 801A, New York, NY, USA, 10014

Website

https://www.reservoir-media.com

Reservoir Media Inc is an independent music company. The company's segment includes Music Publishing; Recorded Music and others. It generates maximum revenue from the Music Publishing segment.

Executives

Ezra S. Field	director	75 VARICK STREEET, 9TH FLOOR, NEW YORK NY 10013
Stephen M. Cook	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Ryan P. Taylor	director	381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Essex Equity Joint Investment Vehicle, Llc	other: May Be Deemed a 10% Owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Richmond Hill Capital Partners, Lp	other: May be deemed a 10% owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
James A Heindlmeyer	officer: Chief Financial Officer	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Richmond Hill Advisors, Llc	other: May be deemed a 10% owner	375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Golnar Khosrowshahi	director, officer: Chief Executive Officer	C/O RESTAURANT BRANDS INTERATIONAL INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Richmond Hill Investments, Llc	10 percent owner	381 PARK AVENUE SOUTH, SUITE 1101, NEW YORK NY 10016
Adam Rothstein	director	101 CROSS HWY, WESTPORT CA 92610
Er Reservoir Llc	10 percent owner	C/O RICHMOND HILL INVESTMENTS, 375 HUDSON STREET, 12TH FLOOR, NEW YORK NY 10014
Lafargue Rell Q. Jr.	director, officer: President and COO	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Gelder Neil De	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013
Essex Equity Holdings, Llc	10 percent owner	381 PARK AVENUE SOUTH, ROOM 1101, NEW YORK NY 10016
Jennifer G. Koss	director	75 VARICK STREET, 9TH FLOOR, NEW YORK NY 10013