Alpha Metallurgical Resources Inc (AMR)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,422,494 | 2,490,544 | 2,485,555 | 2,558,815 | 2,629,860 | 2,635,750 | 2,523,436 | 2,165,674 | 1,899,213 | 1,286,319 | 1,184,634 | 1,418,656 | 1,520,851 | 1,551,681 | 1,655,213 | 1,105,343 | 681,290 | 639,763 | 144,989 | |
| Inventory | US$ in thousands | 231,344 | 271,805 | 270,461 | 266,678 | 200,574 | 178,559 | 167,192 | 161,753 | 129,382 | 124,534 | 144,416 | 108,871 | 108,051 | 124,245 | 143,198 | 184,445 | 150,888 | 172,591 | 164,303 | 145,058 |
| Inventory turnover | 10.47 | 9.16 | 9.19 | 9.60 | 13.11 | 14.76 | 15.09 | 13.39 | 14.68 | 10.33 | 8.20 | 13.03 | 14.08 | 12.49 | 11.56 | 5.99 | 4.52 | 3.71 | 0.88 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,422,494K ÷ $231,344K
= 10.47
Alpha Metallurgical Resources Inc's inventory turnover ratio has shown fluctuations over the past eight quarters, ranging from a low of 8.23 in Q3 2023 to a high of 12.96 in Q2 2022. The inventory turnover ratio indicates how many times the company's inventory is sold and replaced over a specific period. A higher ratio is generally preferred as it suggests efficient management of inventory levels.
In the most recent quarter, Q4 2023, Alpha Metallurgical Resources Inc had an inventory turnover ratio of 10.18, which indicates that its inventory was turned over approximately 10.18 times during that quarter. This represents an improvement from the previous quarter but is lower than the ratios seen in Q2 and Q3 of 2022.
Overall, the trend in inventory turnover ratios for Alpha Metallurgical Resources Inc shows some variability, but the company has generally been able to maintain healthy turnover levels. Further analysis may be needed to understand the factors driving the fluctuations and to assess the effectiveness of the company's inventory management strategies.
Peer comparison
Dec 31, 2023
Dec 31, 2023