U.S. Xpress Enterprises (U.S. Xpress Enterprises) Change In Inventory : $2 Mil (TTM As of Mar. 2023)

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What is U.S. Xpress Enterprises Change In Inventory?

U.S. Xpress Enterprises's change in inventory for the quarter that ended in Mar. 2023 was $1 Mil. It means U.S. Xpress Enterprises's inventory declined by $1 Mil from Dec. 2022 to Mar. 2023 .

U.S. Xpress Enterprises's change in inventory for the fiscal year that ended in Dec. 2022 was $1 Mil. It means U.S. Xpress Enterprises's inventory declined by $1 Mil from Dec. 2021 to Dec. 2022 .

U.S. Xpress Enterprises's Total Inventories for the quarter that ended in Mar. 2023 was $8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. U.S. Xpress Enterprises's Days Inventory for the quarter that ended in Mar. 2023 was 1.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. U.S. Xpress Enterprises's Inventory Turnover for the quarter that ended in Mar. 2023 was 50.31.

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. U.S. Xpress Enterprises's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

U.S. Xpress Enterprises Change In Inventory Historical Data

The historical data trend for U.S. Xpress Enterprises'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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U.S. Xpress Enterprises Change In Inventory Chart

U.S. Xpress Enterprises Annual Data

Trend

Dec05

Dec06

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.73

0.07

-0.90

-0.47

1.23

U.S. Xpress Enterprises Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															-0.60	-0.40	0.35	1.88	0.54

U.S. Xpress Enterprises 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2 Mil.

U.S. Xpress Enterprises (NYSE:USX) Change In Inventory Explanation

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

U.S. Xpress Enterprises's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.1835	/	411.732	*	365 / 4
	=	1.81

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

U.S. Xpress Enterprises's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	411.732	/	8.1835
	=	50.31

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.

U.S. Xpress Enterprises's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.1835	/	492.726
	=	0.02

U.S. Xpress Enterprises Change In Inventory Related Terms

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U.S. Xpress Enterprises (U.S. Xpress Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U.S. Xpress Enterprises Inc (NYSE:USX) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4080 Jenkins Road, Chattanooga, TN, USA, 37421

Website

https://www.usxpress.com

U.S. Xpress Enterprises Inc provides transportation services throughout the United States, with a focus on the densely populated and economically diverse eastern half of the United States. The Company offers its customers a broad portfolio of services using its own asset-based truckload fleet and third-party carriers through its asset-light freight brokerage network. The Company has two reportable segments; the Truckload segment offers asset-based truckload services, including over-the-road (OTR) trucking and dedicated contract services, and the Brokerage segment is engaged in asset-light freight brokerage services, where loads are contracted to third-party carriers.

Executives

Nathan H Harwell	officer: EVP, Chief Legal Off., Sec.	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Amanda R Thompson	officer: EVP - People and Safety	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Justin C Harness	officer: EVP - Operations	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jason Grear	officer: EVP - Accounting & Finance	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Eric A. Peterson	officer: Chief Financial Off. & Treas.	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Max L. Fuller 2008 Irrevocable Trust Fbo William E. Fuller	10 percent owner	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Janice Fuller	10 percent owner, other: Co-Trustee	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Fuller Family Enterprises, Llc	10 percent owner	4080 JENKINS ROAD, CHATTANOOGA TN 37421
William Eric Fuller	director, 10 percent owner, officer: President & CEO, other: Co-Trustee & Managing GP	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Edward Hall Braman	director	3310 WEST END AVENUE, SUITE 700, NASHVILLE TN 37203
Dennis Alan Nash	director	4450 BELDEN VILLAGE ST. NW #800, CANTON OH 44718
Jon Beizer	director	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jennifer Buckner	director	4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael L Ducker	director	P O BOX 813, LIBERTY CORNER NJ 07938
John C Rickel	director	4080 JENKINS ROAD, CHATTANOOGA TN 37421