Empire Diversified Energy (Empire Diversified Energy) Change In Inventory : $0.28 Mil (TTM As of Sep. 2023)

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What is Empire Diversified Energy Change In Inventory?

Empire Diversified Energy's change in inventory for the quarter that ended in Sep. 2023 was $0.00 Mil. It means Empire Diversified Energy's inventory stayed the same from Sep. 2022 to Sep. 2023 .

Empire Diversified Energy's change in inventory for the fiscal year that ended in Dec. 2021 was $0.07 Mil. It means Empire Diversified Energy's inventory declined by $0.07 Mil from Dec. 2020 to Dec. 2021 .

Empire Diversified Energy's Total Inventories for the quarter that ended in Sep. 2023 was $0.86 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Empire Diversified Energy's Inventory Turnover for the quarter that ended in Sep. 2023 was -0.36.

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. Empire Diversified Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.56.

Empire Diversified Energy Change In Inventory Historical Data

The historical data trend for Empire Diversified Energy'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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Empire Diversified Energy Change In Inventory Chart

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Inventory

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0.07

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.03	-0.27	0.28	-	-

Empire Diversified Energy 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.28 Mil.

Empire Diversified Energy (OTCPK:MPIR) Change In Inventory Explanation

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

Empire Diversified Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4275	/	-0.152	*	365 / 4
	=	N/A

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

Empire Diversified Energy's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-0.152	/	0.4275
	=	-0.36

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.

Empire Diversified Energy's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4275	/	0.766
	=	0.56

Empire Diversified Energy Change In Inventory Related Terms

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Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Diversified Energy Inc (OTCPK:MPIR) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920