Alliance Resource Partners LP (Alliance Resource Partners LP) Days Inventory : 24.43 (As of Dec. 2023)

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What is Alliance Resource Partners LP Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alliance Resource Partners LP's Average Total Inventories for the three months ended in Dec. 2023 was $132 Mil. Alliance Resource Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $492 Mil. Hence, Alliance Resource Partners LP's Days Inventory for the three months ended in Dec. 2023 was 24.43.

The historical rank and industry rank for Alliance Resource Partners LP's Days Inventory or its related term are showing as below:

ARLP' s Days Inventory Range Over the Past 10 Years
Min: 13.61 Med: 17.36 Max: 29.19
Current: 29.19

During the past 13 years, Alliance Resource Partners LP's highest Days Inventory was 29.19. The lowest was 13.61. And the median was 17.36.

ARLP's Days Inventory is ranked better than
50.43% of 115 companies
in the Other Energy Sources industry
Industry Median: 29.96 vs ARLP: 29.19

Alliance Resource Partners LP's Days Inventory increased from Dec. 2022 (16.98) to Dec. 2023 (24.43). It might indicate that Alliance Resource Partners LP's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alliance Resource Partners LP's Inventory Turnover for the three months ended in Dec. 2023 was 3.73.

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. Alliance Resource Partners LP's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.21.

Alliance Resource Partners LP Days Inventory Historical Data

The historical data trend for Alliance Resource Partners LP's Days 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.

* Premium members only.

Alliance Resource Partners LP Days Inventory Chart

Alliance Resource Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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18.15

24.10

16.57

14.96

20.60

Alliance Resource Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															16.98	129.44	24.76	26.79	24.43

Competitive Comparison of Alliance Resource Partners LP's Days Inventory

For the Thermal Coal subindustry, Alliance Resource Partners LP's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Alliance Resource Partners LP's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Alliance Resource Partners LP's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alliance Resource Partners LP's Days Inventory falls into.

Alliance Resource Partners LP Days Inventory Calculation

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

Alliance Resource Partners LP's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (77.326	+	127.556)	/	2 )	/	1815.208	*	365
=	102.441					/	1815.208	*	365
=	20.60

Alliance Resource Partners LP's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (135.868	+	127.556)	/	2 )	/	491.934	*	365 / 4
=	131.712					/	491.934	*	365 / 4
=	24.43

Alliance Resource Partners LP (NAS:ARLP) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Alliance Resource Partners LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	491.934	/	131.712
	=	3.73

2. 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.

Alliance Resource Partners LP's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.712	/	625.422
	=	0.21

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Alliance Resource Partners LP Days Inventory Related Terms

Thank you for viewing the detailed overview of Alliance Resource Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Alliance Resource Partners LP (Alliance Resource Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Alliance Resource Partners LP (NAS:ARLP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1717 South Boulder Avenue, Suite 400, Tulsa, OK, USA, 74119

Website

https://www.arlp.com

Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia . The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.

Executives

Kathleen S. Craft	10 percent owner	2502 E. 45TH ST., TULSA OK 74105
Craft Joseph W Iii	director, 10 percent owner, officer: President and Chief Executive	PO BOX 22027, TULSA OK 74121-2027
D Andrew Woodward	officer: Senior VP, New Ventures	C/O ANDX, FINDLAY OH 45840
Megan J Cordle	officer: VP, Controller and CAO	P.O. BOX 22027, TULSA OK 74121
John H Robinson	director	1 WATERHOUSE SQU, 5TH FL. 138-142 HOLBORN, LONDON X0 EC1N 2ST
Robert J Fouch	officer: Vice President and Controller	1717 S. BOULDER, SUITE 400, TULSA OK 74119
Kirk Tholen	officer: Sr VP, Chief Strategic Officer	1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119
Robert J Druten	director	6503 SENECA ROAD, MISSION HILLS KS 66208
Wilson M Torrence	director	1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119
Nick Carter	director
Timothy J Whelan	officer: Senior Vice President Sales	1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119
John P Neafsey	director	PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121
Alliance Resource Management Gp, Llc	10 percent owner	1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119
Alliance Holdings Gp, L.p.	director, 10 percent owner	P.O. BOX 22027, TULSA OK 74121
Mgp Ii, Llc	director, 10 percent owner	1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119