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Alta Equipment Group (Alta Equipment Group) Change In Inventory : $-238 Mil (TTM As of Mar. 2024)


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What is Alta Equipment Group Change In Inventory?

Alta Equipment Group's change in inventory for the quarter that ended in Mar. 2024 was $-66 Mil. It means Alta Equipment Group's inventory increased by $66 Mil from Dec. 2023 to Mar. 2024 .

Alta Equipment Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-286 Mil. It means Alta Equipment Group's inventory increased by $286 Mil from Dec. 2022 to Dec. 2023 .

Alta Equipment Group's Total Inventories for the quarter that ended in Mar. 2024 was $554 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alta Equipment Group's Days Inventory for the quarter that ended in Mar. 2024 was 154.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alta Equipment Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

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. Alta Equipment Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.

Alta Equipment Group Change In Inventory Historical Data

The historical data trend for Alta Equipment Group's Change In Inventory 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.

Alta Equipment Group Change In Inventory Chart

Alta Equipment Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial - -136.50 -154.10 -272.60 -286.30

Alta Equipment Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory 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 -114.30 -86.30 -46.80 -38.90 -66.30

Alta Equipment Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-238 Mil.

* 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.

Alta Equipment Group  (NYSE:ALTG) Change In Inventory Explanation

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

Alta Equipment Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=542.2/321*365 / 4
=154.13

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

Alta Equipment Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=321 / 542.2
=0.59

3. 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.

Alta Equipment Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=542.2 / 441.6
=1.23

* 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.

Alta Equipment Group Change In Inventory Related Terms

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Alta Equipment Group (Alta Equipment Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (NYSE:ALTG) » Definitions » Change In Inventory
Comparable Companies
WLFC AAN BEBE FPAY MPU MWG BRDS DWAY YAYO GSL URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439
Traded in Other Exchanges
ALTGpA.PFD:USA
Address
13211 Merriman Road, Livonia, MI, USA, 48150
Website
https://www.altaequipment.com
Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.
Executives
Zachary E. Savas director 3250 W. BIG BEAVER ROAD, SUITE 544, TROY MI 48084
Ryan Greenawalt director, 10 percent owner, officer: CEO, Chairman C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Andrew P Studdert director PO BOX 66100 - WHQLD, CHICAGO IL 60666
Daniel Shribman director 299 PARK AVENUE, NEW YORK NY 10171
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Brf Investments, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Craig Brubaker officer: Chief Operating Officer C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN ROAD, LIVONIA MI 48150
Anthony Colucci officer: Chief Financial Officer C/O ALTA EQUIPMENT GROUP INC., 13211 MERRIMAN RD, LIVONIA MI 48150
Katherine E White director ONE MAIN STREET, EVANSVILLE IN 47708
B. Riley Principal Investments, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
James L Kempner director C/O LAZARD FRERES & CO. LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Bryant R Riley director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brc Partners Management Gp, Llc 10 percent owner 11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Opportunity Fund, Lp 10 percent owner 11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025