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SRC Energy (SRC Energy) Total Inventories : $0.0 Mil (As of Sep. 2019)


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What is SRC Energy Total Inventories?

SRC Energy's total inventories for the quarter that ended in Sep. 2019 was $0.0 Mil. SRC Energy's average total inventories from the quarter that ended in Jun. 2019 to the quarter that ended in Sep. 2019 was $0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SRC Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $-4.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SRC Energy's Days Inventory for the three months ended in Sep. 2019 was 0.00.

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

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. SRC Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.00.


SRC Energy Total Inventories Historical Data

The historical data trend for SRC 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.

* Premium members only.

SRC Energy Total Inventories Chart

SRC Energy Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Dec16 Dec17 Dec18
Total Inventories
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SRC Energy Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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SRC 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.


SRC Energy  (AMEX:SRCI) 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.

SRC Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is

Net-Net Working Capital Per Share (Q: Sep. 2019 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(69.496+0.75 * 80.309+0.5 * 0-1136.395
-0-0)/243.511
=-4.13

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

SRC Energy's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2019 )/Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=0/81.621*365 / 4
=0.00

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

SRC Energy's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2019 ) / Average Total Inventories (Q: Sep. 2019 )
=81.621 / 0
=N/A

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.

SRC Energy's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=0 / 134.094
=0.00

* 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.


SRC Energy Total Inventories Related Terms

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SRC Energy (SRC Energy) Business Description

Traded in Other Exchanges
N/A
Address
1675 Broadway, Suite 2600, Denver, CO, USA, 80202
SRC Energy Inc, formerly Synergy Resources Corp is an oil & natural gas company. It is engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties.
Executives
Lynn A Peterson director, officer: President, CEO 1625 BROADWAY, SUITE 250, DENVER CO 80202
James P Henderson officer: EVP & Chief Financial Officer 1625 BROADWAY, SUITE 250, DENVER CO 80202
Paul Korus director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Jack N Aydin director 6 DEFOREST CORT, W. NYACK NY 10094
Rick Wilber director
Frank L Jennings officer: Chief Accounting Officer 5455 SPINE ROAD SUITE C, BOULDER CO 80301
Bill M Conrad director 2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906