Kelt Exploration (FRA:2KE) Total Inventories : €0.0 Mil (As of Mar. 2024)

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What is Kelt Exploration Total Inventories?

Kelt Exploration's total inventories for the quarter that ended in Mar. 2024 was €0.0 Mil. Kelt Exploration's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kelt Exploration's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelt Exploration's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

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. Kelt Exploration's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Kelt Exploration Total Inventories Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration Total Inventories Chart

Kelt Exploration Annual Data

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Total Inventories

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Kelt Exploration 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															-	-	-	-	-

Kelt Exploration 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.

Kelt Exploration (FRA:2KE) 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.

Kelt Exploration'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)
=	(0.975	+	0.75 * 34.768	+	0.5 * 0	-	179.332
-	0	-	0)	/	195.218
=	-0.78

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

Kelt Exploration'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
	=	0	/	57.747	*	365 / 4
	=	0.00

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

Kelt Exploration'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 )
	=	57.747	/	0
	=	N/A

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.

Kelt Exploration'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 )
	=	0	/	85.904
	=	0.00

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.

Kelt Exploration Total Inventories Related Terms

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Kelt Exploration (FRA:2KE) Business Description

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KELTF:USA KEL:Canada

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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