Tidewater Renewables (FRA:7GZ) Total Inventories : €27.4 Mil (As of Mar. 2024)

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What is Tidewater Renewables Total Inventories?

Tidewater Renewables's total inventories for the quarter that ended in Mar. 2024 was €27.4 Mil. Tidewater Renewables's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €28.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tidewater Renewables's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-10.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tidewater Renewables's Days Inventory for the three months ended in Mar. 2024 was 48.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tidewater Renewables's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.89.

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. Tidewater Renewables's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Tidewater Renewables Total Inventories Historical Data

The historical data trend for Tidewater Renewables'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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Tidewater Renewables Total Inventories Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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17.08

29.94

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial												2.56	7.40	14.89	29.94	27.39

Tidewater Renewables 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.

Tidewater Renewables (FRA:7GZ) 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.

Tidewater Renewables'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)
=	(8.242	+	0.75 * 10.151	+	0.5 * 27.387	-	380.379
-	0	-	4.418)	/	34.819
=	-10.20

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

Tidewater Renewables'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
	=	28.665	/	54.165	*	365 / 4
	=	48.29

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

Tidewater Renewables'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 )
	=	54.165	/	28.665
	=	1.89

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.

Tidewater Renewables'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 )
	=	28.665	/	75.606
	=	0.38

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.

Tidewater Renewables Total Inventories Related Terms

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Tidewater Renewables (FRA:7GZ) Business Description

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TDWRF:USA LCFS:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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