Victoria Oil & Gas (Victoria Oil & Gas) Total Inventories : $0.01 Mil (As of Jun. 2021)

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What is Victoria Oil & Gas Total Inventories?

Victoria Oil & Gas's total inventories for the quarter that ended in Jun. 2021 was $0.01 Mil. Victoria Oil & Gas's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Jun. 2021 was $0.01 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Victoria Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victoria Oil & Gas's Days Inventory for the six months ended in Jun. 2021 was 1.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Victoria Oil & Gas's Inventory Turnover for the quarter that ended in Jun. 2021 was 180.12.

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. Victoria Oil & Gas's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.00.

Victoria Oil & Gas Total Inventories Historical Data

The historical data trend for Victoria Oil & Gas'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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Victoria Oil & Gas Total Inventories Chart

Victoria Oil & Gas Annual Data

Trend

May11

May12

May13

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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0.01

0.02

0.01

Victoria Oil & Gas Semi-Annual Data
	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Total Inventories	Get a 7-Day Free Trial															0.02	0.01	-	0.01	0.01

Victoria Oil & Gas 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.

Victoria Oil & Gas (OTCPK:VCOGF) 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.

Victoria Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is

	Net-Net Working Capital Per Share (Q: Jun. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.638	+	0.75 * 3.868	+	0.5 * 0.009	-	46.945
-	0	-	0)	/	257.067
=	-0.16

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

Victoria Oil & Gas's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	0.0085	/	1.531	*	365 / 2
	=	1.01

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

Victoria Oil & Gas's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2021 )	/	Average Total Inventories (Q: Jun. 2021 )
	=	1.531	/	0.0085
	=	180.12

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.

Victoria Oil & Gas's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	0.0085	/	7.148
	=	0.00

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.

Victoria Oil & Gas Total Inventories Related Terms

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Victoria Oil & Gas (Victoria Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victoria Oil & Gas PLC (OTCPK:VCOGF) » Definitions » Total Inventories

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Address

Scott House, Suite 1 The Concourse, Waterloo Station, GBR, SE1 7LY

Website

http://www.victoriaoilandgas.com

Victoria Oil & Gas PLC is a UK-based company that operates a fully integrated domestic natural gas production and distribution business and supplies industry in the port city of Douala, Cameroon. The principal activities of the company include exploration, production, and distribution and the sale of hydrocarbons and related activities. It focuses on the development of the Logbaba gas and condensate field to supply gas to its customers and the expansion of the gas pipeline distribution network. The company's operating segments are Cameroon, Russia & Kazakhstan, and Corporate. Most of the company's revenue is generated from Cameroon.

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