FieldPoint Petroleum (FieldPoint Petroleum) Total Inventories : $0.00 Mil (As of Mar. 2019)

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What is FieldPoint Petroleum Total Inventories?

FieldPoint Petroleum's total inventories for the quarter that ended in Mar. 2019 was $0.00 Mil. FieldPoint Petroleum's average total inventories from the quarter that ended in Dec. 2018 to the quarter that ended in Mar. 2019 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FieldPoint Petroleum's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was $-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FieldPoint Petroleum's Days Inventory for the three months ended in Mar. 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. FieldPoint Petroleum's Inventory-to-Revenue for the quarter that ended in Mar. 2019 was 0.00.

FieldPoint Petroleum Total Inventories Historical Data

The historical data trend for FieldPoint Petroleum'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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FieldPoint Petroleum Total Inventories Chart

FieldPoint Petroleum Annual Data

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Total Inventories

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FieldPoint Petroleum Quarterly Data
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Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

FieldPoint Petroleum 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.

FieldPoint Petroleum (OTCPK:FPPP) 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.

FieldPoint Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 is

	Net-Net Working Capital Per Share (Q: Mar. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.214	+	0.75 * 0.472	+	0.5 * 0	-	6.259
-	0	-	0)	/	10.6692
=	-0.53

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

FieldPoint Petroleum's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2019 )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
	=	0	/	0.386	*	365 / 4
	=	0.00

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

FieldPoint Petroleum's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2019 )	/	Average Total Inventories (Q: Mar. 2019 )
	=	0.386	/	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.

FieldPoint Petroleum's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	0	/	0.467
	=	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.

FieldPoint Petroleum Total Inventories Related Terms

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FieldPoint Petroleum (FieldPoint Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FieldPoint Petroleum Corp (OTCPK:FPPP) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

609 Castle Ridge Road, Suite 335, Austin, TX, USA, 78746

Website

http://www.fppcorp.com

FieldPoint Petroleum Corp is a US based company operates in oil and natural gas business. The business activity of the group includes acquisition, development, and operation of oil and natural gas properties. It holds an interest in properties such as Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico and others. Geographically activities are conducted generally through the region of United States.

Executives

Daniel R Robinson

director

190 COYOTE COURT, ARGYLE TX 76226