GeoPark (GeoPark) Total Inventories : $13.6 Mil (As of Dec. 2023)

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What is GeoPark Total Inventories?

GeoPark's total inventories for the quarter that ended in Dec. 2023 was $13.6 Mil. GeoPark's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $12.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GeoPark's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GeoPark's Days Inventory for the three months ended in Dec. 2023 was 12.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. GeoPark's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.42.

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. GeoPark's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

GeoPark Total Inventories Historical Data

The historical data trend for GeoPark'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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GeoPark Total Inventories Chart

GeoPark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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11.45

13.33

10.92

14.43

13.55

GeoPark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															14.43	18.78	18.71	12.18	13.55

GeoPark 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.

GeoPark (NYSE:GPRK) 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.

GeoPark's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(133.036	+	0.75 * 65.049	+	0.5 * 13.552	-	840.529
-	0	-	0)	/	55.3275
=	-11.78

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

GeoPark's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	12.8665	/	95.487	*	365 / 4
	=	12.30

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

GeoPark's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	95.487	/	12.8665
	=	7.42

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.

GeoPark's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	12.8665	/	199.063
	=	0.06

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.

GeoPark Total Inventories Related Terms

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GeoPark (GeoPark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GeoPark Ltd (NYSE:GPRK) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

G6O:Germany GPRK34:Brazil

Address

Calle 94 No 11 - 30, floors 8, 9, 10, Bogota, COL

Website

http://www.geo-park.com

GeoPark Ltd is a Latin American oil and gas exploration and production company with assets in Colombia, Ecuador, Chile, Brazil and Argentina. The company generates revenue from the sale of crude oil, condensate and natural gas net of value-added tax and discounts related to the sale and overriding royalties due to the ex-owners of oil and gas properties where the royalty arrangements represent a retained working interest in the property.

Executives

Manchester Financial Group, Lp	10 percent owner	ONE MARKET PLACE, 33RD FLOOR, SAN DIEGO CA 92101
Manchester Financial Group, Inc.	10 percent owner	101 ASH STREET, SUITE 1900, SAN DIEGO CA 92101