Frontera Resources (LSE:FRR) Total Inventories : £3.49 Mil (As of Jun. 2018)

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What is Frontera Resources Total Inventories?

Frontera Resources's total inventories for the quarter that ended in Jun. 2018 was £3.49 Mil. Frontera Resources's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Jun. 2018 was £3.60 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Frontera Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was £-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontera Resources's Days Inventory for the six months ended in Jun. 2018 was 334.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Frontera Resources's Inventory Turnover for the quarter that ended in Jun. 2018 was 0.55.

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. Frontera Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 2.61.

Frontera Resources Total Inventories Historical Data

The historical data trend for Frontera Resources'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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Frontera Resources Total Inventories Chart

Frontera Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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3.86

3.48

3.63

3.96

3.71

Frontera Resources Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Total Inventories	Get a 7-Day Free Trial														3.42	3.96	3.71	3.71	3.49

Frontera Resources 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.

Frontera Resources (LSE:FRR) 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.

Frontera Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 is

	Net-Net Working Capital Per Share (Q: Jun. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.476	+	0.75 * 0.422	+	0.5 * 3.486	-	45.269
-	1.993	-	0)	/	15770.8
=	-0.00

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

Frontera Resources's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	3.5975	/	1.965	*	365 / 2
	=	334.12

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

Frontera Resources's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2018 )	/	Average Total Inventories (Q: Jun. 2018 )
	=	1.965	/	3.5975
	=	0.55

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.

Frontera Resources's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	3.5975	/	1.378
	=	2.61

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.

Frontera Resources Total Inventories Related Terms

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Frontera Resources (LSE:FRR) Business Description

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Address

3040 Post Oak Boulevard, Suite 1100, Houston, TX, USA, 77056

Website

http://www.fronteraresources.com

Frontera Resources Corp is an international oil and gas exploration and production company. The company, along with its subsidiaries is principally engaged in the development of oil and gas projects. The company develops reserves in known hydrocarbon-bearing basins in the Republic of Georgia. Frontera's current focus is targeted on exploiting a Greater Black Sea initiative, regionally building from its core operations in the country of Georgia.

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