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Earthstone Energy (Earthstone Energy) Total Inventories : $0 Mil (As of Sep. 2023)


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What is Earthstone Energy Total Inventories?

Earthstone Energy's total inventories for the quarter that ended in Sep. 2023 was $0 Mil. Earthstone Energy's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Earthstone Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-29.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Earthstone Energy's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

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. Earthstone Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.


Earthstone Energy Total Inventories Historical Data

The historical data trend for Earthstone 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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Earthstone Energy Total Inventories Chart

Earthstone Energy Annual Data
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Earthstone Energy Quarterly Data
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Earthstone 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.


Earthstone Energy  (NYSE:ESTE) 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.

Earthstone Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.592+0.75 * 209.927+0.5 * 0-2564.654
-0-760.522)/106.444
=-29.60

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

Earthstone Energy's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0/262.634*365 / 4
=0.00

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

Earthstone Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=262.634 / 0
=N/A

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.

Earthstone Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0 / 475.816
=0.00

* 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.


Earthstone Energy Total Inventories Related Terms

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Earthstone Energy (Earthstone Energy) Business Description

Traded in Other Exchanges
N/A
Address
1400 Woodloch Forest Drive, Suite 300, The Woodlands, TX, USA, 77380
Earthstone Energy Inc is an independent oil and natural gas development and production company. The company focuses on the acquisition, development, exploration, and production of onshore, crude oil and natural gas reserves. It is also active in corporate mergers and the acquisition of oil and natural gas properties. The company's reserve portfolio consists of assets in the Midland Basin of West Texas, and the Eagle Ford Trend of South Texas. Its operations are all in the upstream segment of the oil and natural gas industry and are conducted onshore in the United States.
Executives
Tony Oviedo officer: EVP, PAO 909 FANNIN, SUITE 1850, HOUSTON TX 77010
Mark Jr Lumpkin officer: EVP and CFO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Frank Alan Lodzinski director, officer: CEO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Wp Energy Chisholm Holdings, L.p. 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity (e&p) Xi-a, L.p. 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017
Warburg Pincus (e&p) Xii, L.p. 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Partners Ii (us), L.p. 10 percent owner 450 LEXINGTON AVENUE, C/O WARBURG PINCUS LLC, NEW YORK NY 10017
Robert John Anderson officer: President 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Cypress Investments, Llc director 34 S. WYNDEN DR., SUITE 300, HOUSTON TX 77056
Post Oak Energy Holdings, Llc director 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056
Jay Frederick Joliat director 36801 WOODWARD AVE., SUITE 301, BIRMINGHAM MI 48009
Post Oak Energy Capital, Lp director 34 S. WYNDEN DR, STE 300, HOUSTON TX 77056
Swanson Douglas E Jr director 1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
Steven C. Collins officer: EVP and COO 1400 WOODLOCH FOREST DRIVE, SUITE 300, THE WOODLANDS TX 77380
Encap Energy Capital Fund Xi, L.p. director, 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024

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