AdvanSix (STU:960) Change In Inventory : €31 Mil (TTM As of Mar. 2024)

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What is AdvanSix Change In Inventory?

AdvanSix's change in inventory for the quarter that ended in Mar. 2024 was €19 Mil. It means AdvanSix's inventory declined by €19 Mil from Dec. 2023 to Mar. 2024 .

AdvanSix's change in inventory for the fiscal year that ended in Dec. 2023 was €3 Mil. It means AdvanSix's inventory declined by €3 Mil from Dec. 2022 to Dec. 2023 .

AdvanSix's Total Inventories for the quarter that ended in Mar. 2024 was €176 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AdvanSix's Days Inventory for the quarter that ended in Mar. 2024 was 54.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. AdvanSix's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.66.

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. AdvanSix's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

AdvanSix Change In Inventory Historical Data

The historical data trend for AdvanSix'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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AdvanSix Change In Inventory Chart

AdvanSix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-32.01

-6.88

27.64

-53.85

3.01

AdvanSix 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															-8.53	-1.25	-3.37	15.93	19.24

AdvanSix 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 €31 Mil.

AdvanSix (STU:960) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	184.948	/	307.155	*	365 / 4
	=	54.94

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	307.155	/	184.948
	=	1.66

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	184.948	/	309.883
	=	0.60

AdvanSix Change In Inventory Related Terms

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AdvanSix (STU:960) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AdvanSix Inc (STU:960) » Definitions » Change In Inventory

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Traded in Other Exchanges

ASIX:USA 960:Germany

Address

300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054

Website

https://www.advansix.com

AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.

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