Strathcona Resources (TSX:SCR) Total Inventories : C$57 Mil (As of Mar. 2024)

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What is Strathcona Resources Total Inventories?

Strathcona Resources's total inventories for the quarter that ended in Mar. 2024 was C$57 Mil. Strathcona Resources's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$50 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Strathcona Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-22.74.

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.

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 quarter that ended in Mar. 2024 was 0.04.

Strathcona Resources Total Inventories Historical Data

The historical data trend for Strathcona 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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Strathcona Resources Total Inventories Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Total Inventories

64.20

43.30

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial			64.20	-	-	43.30	57.20

Strathcona 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.

Strathcona Resources (TSX:SCR) 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.

Strathcona 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)
=	(0	+	0.75 * 360.1	+	0.5 * 57.2	-	5170.1
-	0	-	0)	/	214.236
=	-22.74

2. 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

3. 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

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.

Strathcona 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 )
	=	50.25	/	1300.8
	=	0.04

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.

Strathcona Resources Total Inventories Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

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STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

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.