Atlas Energy Solutions Inc. (AESI)

Inventory turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Cost of revenue (ttm)	US$ in thousands	707,571	534,945
Inventory	US$ in thousands	15,777	18,778	13,914	6,449	3,961
Inventory turnover		44.85	28.49

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $707,571K ÷ $15,777K
= 44.85

The inventory turnover ratio for Atlas Energy Solutions Inc. has been consistently high over the past five quarters, indicating efficient management of inventory levels. The ratio has increased from 28.49 in September 2023 to 44.85 in September 2024, reflecting a significant improvement in inventory turnover efficiency. This suggests that the company is selling its inventory quickly, which can lead to reduced carrying costs and lower risk of inventory obsolescence. This trend is positive for the company's financial health and operational performance.