American Resources (American Resources) Total Inventories : $0.13 Mil (As of Mar. 2024)

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What is American Resources Total Inventories?

American Resources's total inventories for the quarter that ended in Mar. 2024 was $0.13 Mil. American Resources's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. American Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Resources's Days Inventory for the three months ended in Mar. 2024 was 6.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.10.

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. American Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

American Resources Total Inventories Historical Data

The historical data trend for American Resources's Total Inventories 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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American Resources Total Inventories Chart

American Resources Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.52

0.15

0.45

0.05

American Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															2.96	0.71	2.17	0.05	0.13

American Resources Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

American Resources (NAS:AREC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

American Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.169	+	0.75 * 0	+	0.5 * 0.13	-	235.895
-	0	-	0)	/	79.18
=	-2.95

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

American 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
	=	0.092	/	1.389	*	365 / 4
	=	6.04

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	1.389	/	0.092
	=	15.10

4. 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.

American 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 )
	=	0.092	/	0.094
	=	0.98

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

American Resources Total Inventories Related Terms

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American Resources (American Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » American Resources Corp (NAS:AREC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

12115 Visionary Way, Fishers, IN, USA, 46038

Website

https://www.americanresourcescorp.com

American Resources Corp is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The firm is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. The firm has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated. Its business model provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets.

Executives

Kirk Patrick Taylor	10 percent owner, officer: Chief Financial Officer	8856 SOUTH STREET, FISHERS IN 46038
Mark C. Jensen	director, 10 percent owner, officer: Chief Executive Officer	8856 SOUTH STREET, FISHERS IN 46038
Golden Properties Ltd.	10 percent owner	#500, 1177 WEST HASTINGS STREET, VANCOUVER A1 V6E 2K3
Thomas M. Sauve	director, 10 percent owner, officer: President	8856 SOUTH STREET, FISHERS IN 46038
Gerardine G. Botte	director	12115 VISIONARY WAY, SUITE 174, FISHERS IN 456038
Michael G. Layman	director	7583 WILD MINT COURT, WESTERVILLE OH 43082
Randal V. Stephenson	director	35 EAST 84TH STREET, APT. 4C, NEW YORK NY 10028
Taplin Courtenay O.	director	9370 METCALF ROAD, WAITE HILL OH 44094
Ian Sadler	director	10760 ELDORADO CIRCLE, NOBLESVILLE IN 46060
Tarlis Thompson	officer: Chief Operating Officer	PO BOX 606, FISHERS IN 46038
William D Bishop	director	8856 SOUTH STREET, FISHERS IN 46038
James C New	director	7289 GARDEN RD, SUITE 200, RIVIERA BEACH FL 33404
High Tech Fueling, Service & Distribution, Inc.	other: Corporation with common owners	7135 COLLINS AVENUE, SUITE 624, MIAMI BEACH FL 33141
Goran Antic	10 percent owner	7135 COLLINS AVE NO. 1234, MIAMI BEACH FL 33141
Indrajith Andrew Weeraratne	director, 10 percent owner, officer: Chief Executive Officer	7135 COLLINS AVE NO.624, MIAMI BEACH FL 33141