IRIG (Integrated Drilling Equipment Holdings) Total Inventories: $7.95 Mil (As of Dec. 2014)


What is Integrated Drilling Equipment Holdings Total Inventories?

Integrated Drilling Equipment Holdings IRIG Total Inventories is $7.95 Mil as of Dec. 2014.

Integrated Drilling Equipment Holdings's total inventories for the quarter that ended in Dec. 2014 was $7.95 Mil. Integrated Drilling Equipment Holdings's average total inventories from the quarter that ended in Sep. 2014 to the quarter that ended in Dec. 2014 was $7.80 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Integrated Drilling Equipment Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was $-6.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Drilling Equipment Holdings's Days Inventory for the three months ended in Dec. 2014 was 36.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Drilling Equipment Holdings's Inventory Turnover for the quarter that ended in Dec. 2014 was 2.52.

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. Integrated Drilling Equipment Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.27.

Integrated Drilling Equipment Holdings  (OTCPK:IRIG) 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.

Integrated Drilling Equipment Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2014 is

Net-Net Working Capital Per Share (Q: Dec. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.263+0.75 * 15.252+0.5 * 7.95-70.942
-0-0)/8.810
=-6.16

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

Integrated Drilling Equipment Holdings's Days Inventory for the three months ended in Dec. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2014 )/Cost of Goods Sold (Q: Dec. 2014 )*Days in Period
=7.797/19.658*365 / 4
=36.19

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

Integrated Drilling Equipment Holdings's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2014 ) / Average Total Inventories (Q: Dec. 2014 )
=19.658 / 7.797
=2.52

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.

Integrated Drilling Equipment Holdings's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2014 ) / Revenue (Q: Dec. 2014 )
=7.797 / 28.866
=0.27

* 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.

Integrated Drilling Equipment Holdings Total Inventories Related Terms

Integrated Drilling Equipment Holdings Total Inventories Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Total Inventories Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Total Inventories
29.60 12.34 7.04 7.95

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.04 6.28 6.19 7.64 7.95

Integrated Drilling Equipment Holdings 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 $7.95 Mil mean?
Integrated Drilling Equipment Holdings (IRIG) has a Total Inventories of $7.95 Mil as of Dec. 2014. The total amount of inventory as recorded on a company's balance sheet. View historical data for Integrated Drilling Equipment Holdings and its competitors.
Is Integrated Drilling Equipment Holdings' Total Inventories too high?
Integrated Drilling Equipment Holdings' current Total Inventories is $7.95 Mil.
How does Integrated Drilling Equipment Holdings' Total Inventories compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Total Inventories of $7.95 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 Integrated Drilling Equipment Holdings and its competitors. Integrated Drilling Equipment Holdings's current Total Inventories is $7.95 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Total Inventories of $7.95 Mil. The current Total Inventories is $7.95 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 Integrated Drilling Equipment Holdings (IRIG), the current Total Inventories is $7.95 Mil as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.