enCore Energy (TSXV:EU) Total Inventories : C$17.32 Mil (As of Mar. 2024)

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What is enCore Energy Total Inventories?

enCore Energy's total inventories for the quarter that ended in Mar. 2024 was C$17.32 Mil. enCore Energy's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$8.67 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. enCore Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. enCore Energy's Days Inventory for the three months ended in Mar. 2024 was 20.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. enCore Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.38.

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. enCore Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

enCore Energy Total Inventories Historical Data

The historical data trend for enCore Energy'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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enCore Energy Total Inventories Chart

enCore Energy Annual Data

Trend

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Dec23

Total Inventories

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0.01

enCore Energy 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															-	-	-	0.01	17.32

enCore Energy 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.

enCore Energy (TSXV:EU) 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.

enCore Energy'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)
=	(145.762	+	0.75 * 4.643	+	0.5 * 17.318	-	47.764
-	0	-	53.435)	/	181.343
=	0.31

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

enCore Energy'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
	=	8.665	/	37.973	*	365 / 4
	=	20.82

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

enCore Energy'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 )
	=	37.973	/	8.665
	=	4.38

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.

enCore Energy'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 )
	=	8.665	/	41.143
	=	0.21

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.

enCore Energy Total Inventories Related Terms

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enCore Energy (TSXV:EU) Business Description

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EU:USA 6TU:Germany 6TU:Germany

Address

101 N. Shoreline Boulevard, Suite 450, Corpus Christi, TX, USA, 78401

Website

https://www.encoreuranium.com

enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The company holds the Marquez project in New Mexico as well as the dominant land position in Arizona with additional other properties in Utah and Wyoming. The firm also owns or has access to North American and global uranium data including the Union Carbide, us Smelting and Refining, UV Industries, and Rancher's Exploration databases in addition to a collection of geophysical data for the high-grade Northern Arizona Breccia Pipe District.

Executives

Richard Cherry

Director