CNX Resources (CNX Resources) Total Inventories : $14 Mil (As of Mar. 2024)

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What is CNX Resources Total Inventories?

CNX Resources's total inventories for the quarter that ended in Mar. 2024 was $14 Mil. CNX Resources's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CNX Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-27.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CNX Resources's Days Inventory for the three months ended in Mar. 2024 was 6.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. CNX Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 14.86.

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. CNX Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

CNX Resources Total Inventories Historical Data

The historical data trend for CNX Resources'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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CNX Resources Total Inventories Chart

CNX Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.98

9.66

6.15

27.16

19.85

CNX Resources 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															29.34	26.47	20.01	19.85	14.37

CNX Resources 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.

CNX Resources (NYSE:CNX) 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.

CNX Resources'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)
=	(1.988	+	0.75 * 91.093	+	0.5 * 14.368	-	4347.322
-	0	-	0)	/	156.152
=	-27.34

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

CNX Resources'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
	=	17.107	/	254.235	*	365 / 4
	=	6.14

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

CNX Resources'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 )
	=	254.235	/	17.107
	=	14.86

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.

CNX Resources'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 )
	=	17.107	/	377.025
	=	0.05

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.

CNX Resources Total Inventories Related Terms

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CNX Resources (CNX Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNX Resources Corp (NYSE:CNX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CGD:Germany CGD:Germany

Address

1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506

Website

https://www.cnx.com

CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

Executives

Bernard Jr Lanigan	director	150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Navneet Behl	officer: Chief Operating Officer	1000 HORIZON VUE DRIVE, CANONSBURG PA 15317
Robert Agbede	director	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Hayley Scott	officer: Chief Risk Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ravi Srivastava	officer: Vice President, Green Ventures	1000 CONSOL ENERGY DRIVE, SUITE 400, CANONSBURG PA 15317
Alexander John Reyes	officer: EVP, GC & Corp. Sec.	CNX CENTER, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Donald W. Rush	officer: EVP & Chief Financial Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Alan K Shepard	officer: Vice President and CAO	1000 CONSOL ENERGY DRIVE SUITE 400, CANONSBURG PA 15317
N J Deiuliis	director, officer: President and CEO	1800 WASHINGTON RD., PITTSBURGH PA 15421-4000
Stephanie L Gill	officer: SVP, GC and Secretary	C/O VERTIV HOLDINGS CO, 1050 DEARBORN DRIVE, COLUMBUS OH 43085
Olayemi Akinkugbe	officer: Chief Excellence Officer	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Ian R Mcguire	director	PO BOX 1526, ROSS CA 94957
J. Palmer Clarkson	director	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Chad A Griffith	officer: VP Commercial & VP Marketing	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Andrea D. Passman	officer: Sr VP Engineering & Operations	1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317