GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Total Inventories

Enservco (Enservco) Total Inventories : $0.22 Mil (As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Enservco Total Inventories?

Enservco's total inventories for the quarter that ended in Mar. 2024 was $0.22 Mil. Enservco's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Enservco's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enservco's Days Inventory for the three months ended in Mar. 2024 was 2.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Enservco's Inventory Turnover for the quarter that ended in Mar. 2024 was 34.10.

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. Enservco's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.


Enservco Total Inventories Historical Data

The historical data trend for Enservco'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.

Enservco Total Inventories Chart

Enservco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.30 0.35 0.32 0.21

Enservco 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.35 0.24 0.21 0.22

Enservco 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.


Enservco  (AMEX:ENSV) 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.

Enservco'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)
=(0.474+0.75 * 4.248+0.5 * 0.219-12.91
-0-0)/27.3558
=-0.33

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

Enservco'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
=0.214/7.298*365 / 4
=2.68

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

Enservco'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 )
=7.298 / 0.214
=34.10

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.

Enservco'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 )
=0.214 / 9.792
=0.02

* 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.


Enservco Total Inventories Related Terms

Thank you for viewing the detailed overview of Enservco's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Enservco (Enservco) Business Description

Traded in Other Exchanges
Address
14133 County Road 9 1/2, Longmont, CO, USA, 80504
Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.
Executives
Steve A Weyel director 1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser director 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson officer: Chief Financial Officer 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly officer: Principal Accounting Officer 14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave officer: Chief Financial Officer 999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson director, officer: President and CEO 501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly director 163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting officer: Chief Operating Officer 501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford officer: Chief Accounting Officer 1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc 10 percent owner 31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus officer: Chief Financial Officer C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz officer: V-P Field Operations 501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons director 210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch officer: President & CFO 830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim director

Enservco (Enservco) Headlines

From GuruFocus