Construction Partners (Construction Partners) Change In Inventory : $-13 Mil (TTM As of Mar. 2024)

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What is Construction Partners Change In Inventory?

Construction Partners's change in inventory for the quarter that ended in Mar. 2024 was $-6 Mil. It means Construction Partners's inventory increased by $6 Mil from Dec. 2023 to Mar. 2024 .

Construction Partners's change in inventory for the fiscal year that ended in Sep. 2023 was $-7 Mil. It means Construction Partners's inventory increased by $7 Mil from Sep. 2022 to Sep. 2023 .

Construction Partners's Total Inventories for the quarter that ended in Mar. 2024 was $103 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Construction Partners's Days Inventory for the quarter that ended in Mar. 2024 was 27.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Construction Partners's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.34.

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. Construction Partners's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Construction Partners Change In Inventory Historical Data

The historical data trend for Construction Partners'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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Construction Partners Change In Inventory Chart

Construction Partners Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-8.83

-1.18

-3.93

-17.51

-7.32

Construction Partners 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															-6.69	-1.85	4.68	-9.88	-6.09

Construction Partners 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 $-13 Mil.

Construction Partners (NAS:ROAD) Change In Inventory Explanation

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

Construction Partners's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	99.706	/	332.626	*	365 / 4
	=	27.35

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

Construction Partners's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	332.626	/	99.706
	=	3.34

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.

Construction Partners's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	99.706	/	371.427
	=	0.27

Construction Partners Change In Inventory Related Terms

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Construction Partners (Construction Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Construction Partners Inc (NAS:ROAD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CQY:Germany

Address

290 Healthwest Drive, Suite 2, Dothan, AL, USA, 36303

Website

https://www.constructionpartners.net

Construction Partners Inc operates as an infrastructure and road construction company. It provides construction products and services to the public and private sectors. Its services cover the construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.

Executives

Suntx Capital Ii Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Craig Jennings	director, 10 percent owner	5204 LAKECREET CT., PLANO TX 75093
Mark R Matteson	director, 10 percent owner	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Cpi Capital Management Corp.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Fleming Ned N. Iv	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Ned N. Fleming, Iv 2013 Trust	other: Member of 10% owner group	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
John L Harper	officer: Senior Vice President	170 EAST MAIN STREET, DOTHAN AL 36301
Noreen E Skelly	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Stefan L Shaffer	director	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Suntx Capital Partners Ii Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Capital Partners Ii Dutch Investors Lp	director, 10 percent owner	TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240
Suntx Cpi Expansion Fund Gp, L.p.	director, 10 percent owner	5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214
Gregory A Hoffman	officer: Senior VP, Finance	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Judson Ryan Brooks	officer: Senior Vice President, Legal	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303
Charles E Owens	director, officer: See Remarks	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303