Trinidad Drilling (TSX:TDG) Total Inventories : C$5.6 Mil (As of Sep. 2018)

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What is Trinidad Drilling Total Inventories?

Trinidad Drilling's total inventories for the quarter that ended in Sep. 2018 was C$5.6 Mil. Trinidad Drilling's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was C$6.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Trinidad Drilling's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was C$-1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trinidad Drilling's Days Inventory for the three months ended in Sep. 2018 was 5.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Trinidad Drilling's Inventory Turnover for the quarter that ended in Sep. 2018 was 16.36.

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. Trinidad Drilling's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.04.

Trinidad Drilling Total Inventories Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Total Inventories Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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8.47

29.62

7.14

7.91

5.97

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															6.13	5.97	6.16	7.26	5.60

Trinidad Drilling 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.

Trinidad Drilling (TSX:TDG) 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.

Trinidad Drilling's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6.765	+	0.75 * 147.498	+	0.5 * 5.599	-	599.624
-	0	-	0)	/	273.458
=	-1.75

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

Trinidad Drilling's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	6.427	/	105.154	*	365 / 4
	=	5.58

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

Trinidad Drilling's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	105.154	/	6.427
	=	16.36

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.

Trinidad Drilling's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	6.427	/	174.792
	=	0.04

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.

Trinidad Drilling Total Inventories Related Terms

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Trinidad Drilling (TSX:TDG) Business Description

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http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.