Berry (bry) (Berry (bry)) Total Inventories : $22.2 Mil (As of Mar. 2024)

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What is Berry (bry) Total Inventories?

Berry (bry)'s total inventories for the quarter that ended in Mar. 2024 was $22.2 Mil. Berry (bry)'s average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $21.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Berry (bry)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-10.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Berry (bry)'s Days Inventory for the three months ended in Mar. 2024 was 14.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Berry (bry)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 6.09.

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. Berry (bry)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Berry (bry) Total Inventories Historical Data

The historical data trend for Berry (bry)'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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Berry (bry) Total Inventories Chart

Berry (bry) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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13.98

15.16

12.47

13.01

21.12

Berry (bry) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															14.56	17.18	20.42	21.12	22.22

Berry (bry) 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.

Berry (bry) (NAS:BRY) 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.

Berry (bry)'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.457	+	0.75 * 89.937	+	0.5 * 22.216	-	886.672
-	0	-	0)	/	76.939
=	-10.46

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

Berry (bry)'s Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	21.6675	/	131.925	*	365 / 4
	=	14.99

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

Berry (bry)'s Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	131.925	/	21.6675
	=	6.09

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.

Berry (bry)'s Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	21.6675	/	202.311
	=	0.11

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.

Berry (bry) Total Inventories Related Terms

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Berry (bry) (Berry (bry)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Berry Corp (bry) (NAS:BRY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

1P6:Germany

Address

16000 Dallas Parkway, Suite 500, Dallas, TX, USA, 75248

Website

https://www.bry.com

Berry Corp (bry) is a western United States independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. Its operating segment includes Exploration and Production (E&P) and Well Servicing and Abandonment. The company generates maximum revenue from the Exploration and Production (E&P) segment.

Executives

Danielle E. Hunter	officer: EVP, Gen Counsel & Corp Sec	3990 ROGERDALE RD., HOUSTON TX 77042
Arthur T. Smith	director, officer: See Remarks	5201 TRUXTUN AVE., BAKERSFIELD CA 93309
Rajath Shourie	director	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	director, 10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Oaktree Value Opportunities Fund Gp, L.p.	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Benefit Street Partners Llc	director, 10 percent owner	9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Oaktree Capital Management Gp, Llc	10 percent owner	333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Atlas Ocm Holdings, Llc	10 percent owner	C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Renee J Hornbaker	director	200 S. WILCOX DRIVE, KINGSPORT TN 37660-5280
Fernando Araujo	officer: EVP & Chief Operating Officer	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Kurt E. Neher	officer: EVP, Business Development	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Megan E. Silva	officer: EVP of Corporate Affairs	16000 N. DALLAS PARKWAY, SUITE 500, DALLAS TX 75248
Eugene Voiland	director	5201 TRUXTUN AVE., BAKERSFIELD CA 93309