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Mach Natural Resources LP (Mach Natural Resources LP) Total Inventories : $31.4 Mil (As of Mar. 2024)


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What is Mach Natural Resources LP Total Inventories?

Mach Natural Resources LP's total inventories for the quarter that ended in Mar. 2024 was $31.4 Mil. Mach Natural Resources LP's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $31.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mach Natural Resources LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-9.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mach Natural Resources LP's Days Inventory for the three months ended in Mar. 2024 was 17.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mach Natural Resources LP's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.15.

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. Mach Natural Resources LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Mach Natural Resources LP Total Inventories Historical Data

The historical data trend for Mach Natural Resources LP'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.

* Premium members only.

Mach Natural Resources LP Total Inventories Chart

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Total Inventories
4.94 24.70 31.38

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only - 35.82 17.65 31.38 31.41

Mach Natural Resources LP 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.

Mach Natural Resources LP  (NYSE:MNR) 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.

Mach Natural Resources LP'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)
=(151.3+0.75 * 157.255+0.5 * 31.411-1172.688
-0-0)/95
=-9.34

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

Mach Natural Resources LP'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
=31.394/161.583*365 / 4
=17.73

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

Mach Natural Resources LP'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 )
=161.583 / 31.394
=5.15

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.

Mach Natural Resources LP'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 )
=31.394 / 239.155
=0.13

* 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.

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.

Mach Natural Resources LP Total Inventories Related Terms

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Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Total Inventories
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Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134