White River Energy (White River Energy) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is White River Energy Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. White River Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. White River Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.01 Mil. White River Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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

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. White River Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.73.

White River Energy Inventory Turnover Historical Data

The historical data trend for White River Energy's Inventory Turnover 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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White River Energy Inventory Turnover Chart

White River Energy Annual Data

Trend

Mar22

Mar23

Inventory Turnover

58.12

99.81

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					43.86	-124.57	16.31	33.89	-

White River Energy Inventory Turnover Calculation

White River Energy's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	6.188	/ (	(0.107	+	0.017)	/	2 )
=	6.188	/	0.062
=	99.81

White River Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.015	+	0.004)	/	2 )
=	0	/	0.0095
=	0.00

White River Energy (OTCPK:WTRV) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

White River Energy's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.0095	/	0	*	365 / 4
	=

2. 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.

White River Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.0095	/	0.013
	=	0.73

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

White River Energy Inventory Turnover Related Terms

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White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

From GuruFocus

White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024