Inpex (IPXHY) Total Inventories : $452 Mil (As of Sep. 2024)

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What is Inpex Total Inventories?

Inpex's total inventories for the quarter that ended in Sep. 2024 was $452 Mil. Inpex's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $487 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Inpex's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-10.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inpex's Days Inventory for the three months ended in Sep. 2024 was 27.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inpex's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.28.

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. Inpex's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.13.

Inpex Total Inventories Historical Data

The historical data trend for Inpex'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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Inpex Total Inventories Chart

Inpex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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330.45

420.06

505.16

476.87

437.16

Inpex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															476.87	534.65	522.39	452.12	437.16

Inpex 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.

Inpex (OTCPK:IPXHY) 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.

Inpex's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4730.515	+	0.75 * 1386.082	+	0.5 * 452.124	-	16724.52
-	0	-	2053.626)	/	1219.464
=	-10.48

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

Inpex's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	487.2555	/	1598.864	*	365 / 4
	=	27.81

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

Inpex's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	1598.864	/	487.2555
	=	3.28

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.

Inpex's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	487.2555	/	3894.232
	=	0.13

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.

Inpex Total Inventories Related Terms

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Inpex Business Description

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Traded in Other Exchanges

IPXHF:USA 1605:Japan I8U:Germany I8U:Germany

Address

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332

Website

https://www.inpex.co.jp

Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.