Irving Resources (XCNQ:IRV) Total Inventories : C$0.00 Mil (As of Nov. 2023)

Irving Resources Total Inventories Chart

Irving Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Irving 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.

Irving Resources  (XCNQ:IRV) 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.

Irving Resources's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

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

Irving Resources's Days Inventory for the three months ended in Nov. 2023 is calculated as:

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

Irving Resources's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

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.

Irving Resources's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

* 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.

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Irving Resources (XCNQ:IRV) Business Description