ERINQ (Erin Energy) Total Inventories: $3.6 Mil (As of Dec. 2017)

What is Erin Energy Total Inventories?

Erin Energy ERINQ -98.00% Total Inventories is $3.6 Mil as of Dec. 2017.

Erin Energy's total inventories for the quarter that ended in Dec. 2017 was $3.6 Mil. Erin Energy's average total inventories from the quarter that ended in Sep. 2017 to the quarter that ended in Dec. 2017 was $2.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Erin Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was $-2.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Erin Energy's Days Inventory for the three months ended in Dec. 2017 was 3.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Erin Energy's Inventory Turnover for the quarter that ended in Dec. 2017 was 30.29.

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. Erin Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.11.

Erin Energy (OTCPK:ERINQ) 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.

Erin Energy'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)
=	(22.134	+	0.75 * 6.676	+	0.5 * 3.604	-	613.906
-	0	-	0.663)	/	215.094
=	-2.72

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

Erin Energy'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
	=	2.4685	/	74.782	*	365 / 4
	=	3.01

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

Erin Energy'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 )
	=	74.782	/	2.4685
	=	30.29

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.

Erin Energy'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 )
	=	2.4685	/	21.664
	=	0.11

* 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.

Erin Energy Total Inventories Related Terms

Erin Energy Total Inventories Historical Data

* Premium members only.

The historical data trend for Erin Energy's Total Inventories can be seen below:

Erin Energy Total Inventories Chart

Erin Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

Get a 7-Day Free Trial

16.25

1.09

4.79

9.40

3.60

Erin Energy Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Total Inventories	Get a 7-Day Free Trial															9.40	3.90	8.88	1.33	3.60

Erin Energy 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.

Frequently Asked Questions Learn more about Total Inventories →

What does a Total Inventories of $3.6 Mil mean?

Erin Energy (ERINQ) has a Total Inventories of $3.6 Mil as of Dec. 2017. The total amount of inventory as recorded on a company's balance sheet. View historical data for Erin Energy and its competitors.

Is Erin Energy's Total Inventories too high?

Erin Energy's current Total Inventories is $3.6 Mil.

How does Erin Energy's Total Inventories compare to FPPP and UNGS?

Erin Energy's Total Inventories of $3.6 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Inventories for an Oil & Gas company?

A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Inventories mean?

A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Erin Energy and its competitors. Erin Energy's current Total Inventories is $3.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Erin Energy stock overvalued right now?

Erin Energy (ERINQ) has a current Total Inventories of $3.6 Mil. The current Total Inventories is $3.6 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Inventories calculated?

Total Inventories is calculated from a company's financial statements. For Erin Energy (ERINQ), the current Total Inventories is $3.6 Mil as of Dec. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Erin Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:PTP.H XCNQ:EI TSXV:CEN TSXV:TPC FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:TZR TSXV:TIP.H TSXV:CTI.H

Address 1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056

Website http://www.erinenergy.com

Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.