Algoma Central (Algoma Central) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Algoma Central Change In Inventory?

Algoma Central's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Algoma Central's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Algoma Central's change in inventory for the fiscal year that ended in Dec. 2023 was $2.4 Mil. It means Algoma Central's inventory declined by $2.4 Mil from Dec. 2022 to Dec. 2023 .

Algoma Central's Total Inventories for the quarter that ended in Dec. 2023 was $11.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algoma Central's Days Inventory for the quarter that ended in Dec. 2023 was 90.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Algoma Central's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

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. Algoma Central's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Algoma Central Change In Inventory Historical Data

The historical data trend for Algoma Central'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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Algoma Central Change In Inventory Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.82

1.09

-2.77

-4.46

2.36

Algoma Central 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															-	-	-	-	-

Algoma Central 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 $0.0 Mil.

Algoma Central (OTCPK:AGMJF) Change In Inventory Explanation

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

Algoma Central's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.849	/	12.887	*	365 / 4
	=	90.98

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

Algoma Central's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.887	/	12.849
	=	1.00

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.

Algoma Central's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.849	/	150.061
	=	0.09

Algoma Central Change In Inventory Related Terms

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Algoma Central (Algoma Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (OTCPK:AGMJF) » Definitions » Change In Inventory

Traded in Other Exchanges

ACH:Germany ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.