California Resources (FRA:1CLD) Change In Inventory : €0 Mil (TTM As of Mar. 2024)

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What is California Resources Change In Inventory?

California Resources's change in inventory for the quarter that ended in Mar. 2024 was €0 Mil. It means California Resources's inventory stayed the same from Dec. 2023 to Mar. 2024 .

California Resources's change in inventory for the fiscal year that ended in Dec. 2023 was €-11 Mil. It means California Resources's inventory increased by €11 Mil from Dec. 2022 to Dec. 2023 .

California Resources's Total Inventories for the quarter that ended in Mar. 2024 was €64 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. California Resources's Days Inventory for the quarter that ended in Mar. 2024 was 21.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. California Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.22.

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. California Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

California Resources Change In Inventory Historical Data

The historical data trend for California Resources's Change In Inventory 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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California Resources Change In Inventory Chart

California Resources Annual Data

Trend

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Dec23

Change In Inventory

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-11.00

California Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

California Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 Mil.

California Resources (FRA:1CLD) Change In Inventory Explanation

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

California Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	65.212	/	275.08	*	365 / 4
	=	21.63

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

California Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	275.08	/	65.212
	=	4.22

3. 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.

California Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	65.212	/	476.56
	=	0.14

California Resources Change In Inventory Related Terms

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California Resources (FRA:1CLD) Business Description

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CRC:USA

Address

1 World Trade Center, Suite 1500, Long Beach, CA, USA, 90831

Website

https://www.crc.com

California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.

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