Compass Minerals International (Compass Minerals International) Change In Inventory : $-100 Mil (TTM As of Mar. 2024)

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What is Compass Minerals International Change In Inventory?

Compass Minerals International's change in inventory for the quarter that ended in Mar. 2024 was $18 Mil. It means Compass Minerals International's inventory declined by $18 Mil from Dec. 2023 to Mar. 2024 .

Compass Minerals International's change in inventory for the fiscal year that ended in Sep. 2023 was $-83 Mil. It means Compass Minerals International's inventory increased by $83 Mil from Sep. 2022 to Sep. 2023 .

Compass Minerals International's Total Inventories for the quarter that ended in Mar. 2024 was $368 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compass Minerals International's Days Inventory for the quarter that ended in Mar. 2024 was 119.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Compass Minerals International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.

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. Compass Minerals International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.

Compass Minerals International Change In Inventory Historical Data

The historical data trend for Compass Minerals International'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.

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Compass Minerals International Change In Inventory Chart

Compass Minerals International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Sep22

Sep23

Change In Inventory

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-39.80

-77.00

-52.30

6.30

-82.70

Compass Minerals International 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															39.00	-72.20	-54.60	8.30	18.40

Compass Minerals International 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 $-100 Mil.

Compass Minerals International (NYSE:CMP) Change In Inventory Explanation

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

Compass Minerals International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	380.1	/	291.1	*	365 / 4
	=	119.15

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

Compass Minerals International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	291.1	/	380.1
	=	0.77

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.

Compass Minerals International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	380.1	/	364
	=	1.04

Compass Minerals International Change In Inventory Related Terms

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Compass Minerals International (Compass Minerals International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Compass Minerals International Inc (NYSE:CMP) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CM8:Germany CM8:Germany

Address

9900 West 109th Street, Suite 100, Overland Park, KS, USA, 66210

Website

https://www.compassminerals.com

Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm's sulfate of potash is used by growers of high-value crops that are sensitive to standard potash. Compass also sells fire retardants, with its magnesium chloride-based products used to combat forest fires.

Executives

Joseph E Reece	director	ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
James D. Standen	officer: Interim CFO & Treasurer	9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Jill V Gardiner	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Shane T Wagnon	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Jon A Chisholm	director	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210
Km&t Investment Holdings, Llc	director, 10 percent owner	4111 E 37TH ST N, WICHITA KS 67220
Koch Industries Inc	director, 10 percent owner	4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Melissa M Miller	director	201 ISABELLA STREET, PITTSBURGH PA 15212
Kevin S Crutchfield	director, officer: President and CEO	ONE ALPHA PLACE, P.O. BOX 2345, ABINGDON VA 24212
Mary L Frontczak	officer: Chief Legal Officer	9900 W 109TH STREET, SUITE 100, OVERLAND PARK KS 66210
Lori A Walker	director
Amy Yoder	director	C/O SPECTRUM BRANDS, INC., 6 CONCOURSE PARKWAY, SUITE 3300, ATLANTA GA 30328
Richard P Dealy	director	777 HIDDEN RIDGE, IRVING TX 75038
Edward C Dowling	director	19 NEDS POINT ROAD, MATTAPOISETT MA 02739
Teresa D Cook	officer: Chief Accounting Officer	C/O COMPASS MINERALS INTERNATIONAL, INC., 9900 W 109TH ST STE 100, OVERLAND PARK KS 66210