Alpha Metallurgical Resources (Alpha Metallurgical Resources) Inventory Turnover : 2.89 (As of Mar. 2024)

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What is Alpha Metallurgical Resources Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Alpha Metallurgical Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $691 Mil. Alpha Metallurgical Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was $239 Mil. Alpha Metallurgical Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpha Metallurgical Resources's Days Inventory for the three months ended in Mar. 2024 was 31.53.

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. Alpha Metallurgical Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Alpha Metallurgical Resources Inventory Turnover Historical Data

The historical data trend for Alpha Metallurgical Resources's Inventory Turnover 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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Alpha Metallurgical Resources Inventory Turnover Chart

Alpha Metallurgical Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.78

11.05

15.17

14.63

11.58

Alpha Metallurgical Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.44	2.30	2.21	2.84	2.89

Alpha Metallurgical Resources Inventory Turnover Calculation

Alpha Metallurgical Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2501.53	/ (	(200.574	+	231.344)	/	2 )
=	2501.53	/	215.959
=	11.58

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	690.689	/ (	(231.344	+	246.033)	/	2 )
=	690.689	/	238.6885
=	2.89

Alpha Metallurgical Resources (NYSE:AMR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Alpha Metallurgical Resources's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	238.6885	/	690.689	*	365 / 4
	=	31.53

2. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	238.6885	/	864.072
	=	0.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Alpha Metallurgical Resources Inventory Turnover Related Terms

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Alpha Metallurgical Resources (Alpha Metallurgical Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Alpha Metallurgical Resources Inc (NYSE:AMR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

340 Martin Luther King Jr. Boulevard, Bristol, TN, USA, 37620

Website

https://www.alphametresources.com

Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.

Executives

David J. Stetson	director	C/O CONTURA ENERGY, INC., 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN 37620
Daniel E. Horn	officer: Executive Vice President-Sales	C/O CONTURA ENERGY, INC., 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN 37620
Jason E. Whitehead	officer: Chief Operating Officer	C/O CONTURA ENERGY, INC., 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN 37620
Roger Lee Nicholson	officer: EVP, Gen. Counsel & Secretary	C/O CONTURA ENERGY, INC., 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN 37620
Baker De Neufville Joanna	director	340 MARTIN LUTHER KING JR BLVD, BRISTOL TN 37620
Michael Gorzynski	director, other: See Remarks	595 MADISON AVE, FLOOR 29, NEW YORK NY 10022
Continental General Holdings Llc	other: See Remarks	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Mg Capital Management Ltd.	other: See Remarks	C/O CAMPBELLS LLP, FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Percy Rockdale Llc	other: See Remarks	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Continental Insurance Group, Ltd.	other: See Remarks	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Continental General Insurance Co	other: See Remarks	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Joshua Todd Munsey	officer: Chief Financial Officer	340 MARTIN LUTHER KING BOULEVARD, BRISTOL TN 37620
Elizabeth Anne Fessenden	director	1137 WEST AVENUE, RICHMOND VA 23220
Scott D. Vogel	director	885 PARK AVENUE, NEW YORK NY 10075
Charles Andrew Eidson	officer: Chief Financial Officer	ONE ALPHA PLACE, P.O. BOX 16429, BRISTOL VA 24209