Adams Resources & Energy (Adams Resources & Energy) Change In Inventory : $7 Mil (TTM As of Dec. 2023)

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What is Adams Resources & Energy Change In Inventory?

Adams Resources & Energy's change in inventory for the quarter that ended in Dec. 2023 was $8 Mil. It means Adams Resources & Energy's inventory declined by $8 Mil from Sep. 2023 to Dec. 2023 .

Adams Resources & Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $7 Mil. It means Adams Resources & Energy's inventory declined by $7 Mil from Dec. 2022 to Dec. 2023 .

Adams Resources & Energy's Total Inventories for the quarter that ended in Dec. 2023 was $20 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adams Resources & Energy's Days Inventory for the quarter that ended in Dec. 2023 was 3.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Adams Resources & Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 29.75.

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. Adams Resources & Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Adams Resources & Energy Change In Inventory Historical Data

The historical data trend for Adams Resources & Energy's Change In Inventory 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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Adams Resources & Energy Change In Inventory Chart

Adams Resources & Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.63

4.75

0.39

-7.33

7.09

Adams Resources & Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															2.93	4.64	-4.25	-1.13	7.82

Adams Resources & Energy Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $7 Mil.

Adams Resources & Energy (AMEX:AE) Change In Inventory Explanation

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

Adams Resources & Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	23.7385	/	706.144	*	365 / 4
	=	3.07

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

Adams Resources & Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	706.144	/	23.7385
	=	29.75

3. 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.

Adams Resources & Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.7385	/	709.751
	=	0.03

Adams Resources & Energy Change In Inventory Related Terms

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Adams Resources & Energy (Adams Resources & Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Adams Resources & Energy Inc (AMEX:AE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

5QT:Germany

Address

17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027

Website

https://www.adamsresources.com

Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, transportation, and storage; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.

Executives

Leggio Michael F Iii	officer: Chief Operating Officer	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Dennis E. Dominic	director	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler	officer: Executive Chairman	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart	officer: EVP, CFO	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Kevin J. Roycraft	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Wade M Harrison	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Trey T Bosard	officer: President, Phoenix Oil, Inc.	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr.	director	1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
William R Scofield	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills	officer: President, GulfMark Energy	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Geoffrey Griffith	officer: President, GulfMark Energy	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Larry E Bell	director	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027