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Alliance Holdings GP LP's total inventories for the quarter that ended in Mar. 2018 was $84 Mil. Alliance Holdings GP LP's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Mar. 2018 was $72 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Alliance Holdings GP LP's Net-Net Working Capital per share for the quarter that ended in Mar. 2018 was $-23.43.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alliance Holdings GP LP's Days Inventory for the three months ended in Mar. 2018 was 22.05.
Inventory Turnover measures how fast the company turns over its inventory within a year. Alliance Holdings GP LP's Inventory Turnover for the quarter that ended in Mar. 2018 was 4.14.
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 Holdings GP LP's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.16.
The historical data trend for Alliance Holdings GP LP's Total Inventories 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.
Alliance Holdings GP LP Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 44.21 | 83.16 | 121.08 | 61.05 | 60.28 |
Alliance Holdings GP LP Quarterly Data | ||||||||||||||||||||
Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | |
Total Inventories | Get a 7-Day Free Trial | 77.87 | 115.02 | 87.67 | 60.28 | 83.94 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Alliance Holdings GP LP (NAS:AHGP) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Alliance Holdings GP LP's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2018 is
Net-Net Working Capital Per Share (Q: Mar. 2018 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (30.7 | + | 0.75 * 157.798 | + | 0.5 * 83.944 | - | 1003.317 |
- | 0 | - | 590.411) | / | 59.863 | ||
= | -23.43 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Alliance Holdings GP LP's Days Inventory for the three months ended in Mar. 2018 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2018 ) | / | Cost of Goods Sold (Q: Mar. 2018 ) | * | Days in Period |
= | 72.1095 | / | 298.397 | * | 365 / 4 | |
= | 22.05 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Alliance Holdings GP LP's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2018 ) | / | Average Total Inventories (Q: Mar. 2018 ) |
= | 298.397 | / | 72.1095 | |
= | 4.14 |
4. 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 Holdings GP LP's Inventory to Revenue for the quarter that ended in Mar. 2018 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2018 ) | / | Revenue (Q: Mar. 2018 ) |
= | 72.1095 | / | 457.036 | |
= | 0.16 |
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Alliance Holdings GP LP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert J Druten | director | 6503 SENECA ROAD, MISSION HILLS KS 66208 |
Craft Joseph W Iii | director, 10 percent owner, officer: President and Chief Executive | PO BOX 22027, TULSA OK 74121-2027 |
Cary P Marshall | officer: Vice President and Treasurer | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
Wilson M Torrence | director | 1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119 |
Michael J Hall | director | 7438 EAST 68TH PLACE, TULSA OK 74133 |
Kathleen S. Craft | 10 percent owner | 2502 E. 45TH ST., TULSA OK 74105 |
Charles R Wesley | other: Member of 13d group (over 10%) | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
Thomas M Wynne | other: Member of 13d group (over 10%) | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
R Eberley Davis | officer: SVP-Law&Admin,General Counsel | 1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119 |
Brian L Cantrell | officer: Senior VP and CFO | P O BOX 22027, TULSA OK 74121 |
Dave A Gilbert | other: Member of 13d group (over 10%) | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
Dale G Wilkerson | other: Member of 13d group (over 10%) | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
A Wellford Tabor | other: Member of 13d group (over 10%) | 2820 SELWYN AVE. SUITE 550 CHARLOTTE NC 28209 |
Thomas L Pearson | officer: Senior VP-Law & Adminstration | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
Gary J Rathburn | other: Member of 13d group (over 10%) | PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121 |
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