MRNFF (Meren Energy) Total Inventories: $98.8 Mil (As of Mar. 2026)


MRNFF Meren Energy Inc MRNFF
22 GF Score
Price $1.37
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What is Meren Energy Total Inventories?

Meren Energy MRNFF +1.26% 22 Total Inventories is $98.8 Mil as of Mar. 2026. GuruFocus rates MRNFF with a GF Score™ of 22/100. The stock has 5 warning signs investors should review.

Meren Energy's total inventories for the quarter that ended in Mar. 2026 was $98.8 Mil. Meren Energy's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was $96.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meren Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was $-1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meren Energy's Days Inventory for the three months ended in Mar. 2026 was 112.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meren Energy's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.81.

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. Meren Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.84.


Meren Energy  (OTCPK:MRNFF) 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.

Meren Energy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(161.6+0.75 * 21.3+0.5 * 98.8-1273.6
-0-0)/676.115
=-1.55

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

Meren Energy's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=96.5/78*365 / 4
=112.89

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

Meren Energy's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=78 / 96.5
=0.81

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.

Meren Energy's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=96.5 / 114.3
=0.84

* 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.


Meren Energy Total Inventories Related Terms


Meren Energy Total Inventories Historical Data

* Premium members only.

The historical data trend for Meren Energy'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.

Meren Energy Total Inventories Chart

Meren Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 94.20

Meren Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.80 95.60 94.80 94.20 98.80
MRNFF
22GF Score
Meren Energy Inc MRNFF
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Meren Energy 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 $98.8 Mil mean?
Meren Energy (MRNFF) has a Total Inventories of $98.8 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Meren Energy and its competitors.
Is Meren Energy's Total Inventories too high?
Meren Energy's current Total Inventories is $98.8 Mil. Overall, Meren Energy has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Meren Energy's Total Inventories compare to COP and EOG?
Meren Energy's Total Inventories of $98.8 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 Meren Energy and its competitors. Meren Energy's current Total Inventories is $98.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meren Energy stock overvalued right now?
Meren Energy (MRNFF) has a current Total Inventories of $98.8 Mil. The current Total Inventories is $98.8 Mil. Meren Energy's overall GF Score™ is 22/100 with 5 warning signs to review. 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 Meren Energy (MRNFF), the current Total Inventories is $98.8 Mil as of Mar. 2026. 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.

Meren Energy Business Description

Industry EnergyOil & Gas
Address 666 Burrard Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V6C 2X8
Meren Energy Inc is an Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. The development assets of the company are in deepwater Nigeria operated by Majors. The Company holds a forward position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
22GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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