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Strathcona Resources (TSX:SCR) Inventory-to-Revenue : 0.04 (As of Mar. 2024)


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What is Strathcona Resources Inventory-to-Revenue?

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. Strathcona Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was C$50 Mil. Strathcona Resources's Revenue for the three months ended in Mar. 2024 was C$1,301 Mil. Strathcona Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Strathcona Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.01) to Dec. 2023 (0.04)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strathcona Resources's Days Inventory for the three months ended in Mar. 2024 was 5.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Strathcona Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.09.


Strathcona Resources Inventory-to-Revenue Historical Data

The historical data trend for Strathcona Resources's Inventory-to-Revenue 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.

Strathcona Resources Inventory-to-Revenue Chart

Strathcona Resources Annual Data
Trend Dec22 Dec23
Inventory-to-Revenue
0.02 0.01

Strathcona Resources Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial 0.02 0.06 - 0.01 0.04

Competitive Comparison of Strathcona Resources's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Strathcona Resources's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Strathcona Resources's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Strathcona Resources's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Strathcona Resources's Inventory-to-Revenue falls into.



Strathcona Resources Inventory-to-Revenue Calculation

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.

Strathcona Resources's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (64.2 + 43.3) / 2 ) / 4794.6
=53.75 / 4794.6
=0.01

Strathcona Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (43.3 + 57.2) / 2 ) / 1300.8
=50.25 / 1300.8
=0.04

* 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.


Strathcona Resources  (TSX:SCR) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Strathcona 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
=50.25/858.8*365 / 4
=5.34

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

Strathcona 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 )
=858.8 / 50.25
=17.09

* 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.


Strathcona Resources Inventory-to-Revenue Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Traded in Other Exchanges
Address
421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9
Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.

Strathcona Resources (TSX:SCR) Headlines