Riley Exploration Permian (Riley Exploration Permian) Total Inventories : $6.4 Mil (As of Mar. 2024)

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What is Riley Exploration Permian Total Inventories?

Riley Exploration Permian's total inventories for the quarter that ended in Mar. 2024 was $6.4 Mil. Riley Exploration Permian's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $6.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Riley Exploration Permian's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-23.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Riley Exploration Permian's Days Inventory for the three months ended in Mar. 2024 was 13.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Riley Exploration Permian's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.73.

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. Riley Exploration Permian's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Riley Exploration Permian Total Inventories Historical Data

The historical data trend for Riley Exploration Permian'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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Riley Exploration Permian Total Inventories Chart

Riley Exploration Permian Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Dec22

Dec23

Total Inventories

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0.42

0.36

8.89

6.18

Riley Exploration Permian 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															7.89	9.63	8.62	6.18	6.35

Riley Exploration Permian 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.

Riley Exploration Permian (AMEX:REPX) 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.

Riley Exploration Permian'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)
=	(6.564	+	0.75 * 36.599	+	0.5 * 6.351	-	521.756
-	0	-	0)	/	20.4
=	-23.75

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

Riley Exploration Permian'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
	=	6.264	/	42.142	*	365 / 4
	=	13.56

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

Riley Exploration Permian'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 )
	=	42.142	/	6.264
	=	6.73

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.

Riley Exploration Permian'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 )
	=	6.264	/	99.744
	=	0.06

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.

Riley Exploration Permian Total Inventories Related Terms

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Riley Exploration Permian (Riley Exploration Permian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Riley Exploration Permian Inc (AMEX:REPX) » Definitions » Total Inventories

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T7U:Germany

Address

29 E. Reno Avenue, Suite 500, Oklahoma City, OK, USA, 73104

Website

https://www.rileypermian.com

Riley Exploration Permian Inc is engaged in the business of exploration for and production of oil and natural gas. The company operations are in Kansas Properties, Tennessee Properties, among others.

Executives

Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Riley Exploration Group, Llc	10 percent owner	2008 NORTH COUNCIL AVE, BLANCHARD OK 73010
Bobby Riley	director, officer: CHIEF EXECUTIVE OFFICER	29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104
Alvin Gerald Libin	10 percent owner	3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6
Kevin Riley	officer: PRESIDENT	29 EAST RENO, SUITE 500, OKLAHOMA CITY OK 73104
E Wayne Nordberg	director	C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170
Brent Alexander Arriaga	director	12330 BROKEN BOUGH DR, HOUSTON TX 77024
Philip A Riley	officer: EVP STRATEGY	919 MILAM STREET, SUITE 550, HOUSTON TX 77005
Riley Corey Neil	officer: EVP BUSINESS INTELLIGENCE	4430 CRITTENDEN DRIVE, NORMAN OK 73072
Rebecca L Bayless	director	18 MAYMONT WAY, THE WOODLANDS TX 77382
Balmon Investments Ltd.	10 percent owner	3200 255 5TH AVENUE SW, CALGARY A0 T2P 3G6
Estate Of Antonie Vandenbrink	10 percent owner	59 BELAIRE PLACE SW, CALGARY A0 T2V2C3
Di Santo Beth A	director	170 CHRISTOPHER STREET, NEW YORK NY 10014
Amber Bonney	officer: Chief Accounting Officer	914 N. BROADWAY, SUITE 230, OKLAHOMA CITY OK 73102
Texel Resources Inc.	10 percent owner	59 BELAIRE PLACE SW, CALGARY A0 T2V2C3