Atlas Energy Solutions Inc. (AESI)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 44.85 | 28.49 | ||||
| DOH | days | 8.14 | 12.81 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 44.85
= 8.14
The days of inventory on hand (DOH) for Atlas Energy Solutions Inc. have shown a decreasing trend over the past two quarters, dropping from 12.81 days as of June 30, 2024, to 8.14 days as of September 30, 2024. This indicates that the company is managing its inventory more efficiently, taking fewer days to sell its inventory on hand. A lower DOH value suggests that inventory turnover is improving, which can lead to reduced holding costs and better cash flow management. It is important for the company to continue monitoring and optimizing its inventory levels to maintain this positive trend and improve overall operational efficiency.
Peer comparison
Sep 30, 2024