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CVR Partners LP (CVR Partners LP) Total Inventories : $72.4 Mil (As of Mar. 2024)


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What is CVR Partners LP Total Inventories?

CVR Partners LP's total inventories for the quarter that ended in Mar. 2024 was $72.4 Mil. CVR Partners LP's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $70.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CVR Partners LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-51.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CVR Partners LP's Days Inventory for the three months ended in Mar. 2024 was 64.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. CVR Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.42.

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. CVR Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.


CVR Partners LP Total Inventories Historical Data

The historical data trend for CVR Partners 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.

* Premium members only.

CVR Partners LP Total Inventories Chart

CVR Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.30 42.35 52.27 77.52 69.17

CVR Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.64 78.87 73.99 69.17 72.40

CVR Partners 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.


CVR Partners LP  (NYSE:UAN) 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.

CVR Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.622+0.75 * 37.278+0.5 * 72.401-674.513
-0-0)/10.5696
=-51.63

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

CVR Partners LP's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=70.783/100.287*365 / 4
=64.40

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

CVR Partners LP's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=100.287 / 70.783
=1.42

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.

CVR Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=70.783 / 127.665
=0.55

* 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.


CVR Partners LP Total Inventories Related Terms

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CVR Partners LP (CVR Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.
Executives
Jordan Bleznick director C/O ENZON PHANNACEUTICALS, INC., 120 COMMERCE DRIVE (SUITE 135), CRANFORD NJ 07016
Mark A Pytosh director C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Melissa M Buhrig officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Dane J. Neumann officer: Interim CFO, VP-Fin.&Treasurer 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jeffrey D. Conaway officer: VP, CAO & Corp. Controller 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Willetts director 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Kapiljeet Dargan director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Patricia A. Agnello director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Donna R Ecton director C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Hunter Clark Gary director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matthew W. Bley officer: CAO and Corp. Controller 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tracy Dawn Jackson officer: EVP and CFO 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Janice T Develasco officer: VP-Env., Health, Safety & Sec. 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Blackstone Holdings I L.p. 10 percent owner C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gso Cactus Credit Opportunities Fund Lp 10 percent owner 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154