Alliance Resource Partners LP (Alliance Resource Partners LP) Total Inventories : $128 Mil (As of Dec. 2023)

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What is Alliance Resource Partners LP Total Inventories?

Alliance Resource Partners LP's total inventories for the quarter that ended in Dec. 2023 was $128 Mil. Alliance Resource Partners LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $132 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Alliance Resource Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.86.

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 three months ended in Dec. 2023 was 24.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alliance Resource Partners LP's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.21.

Alliance Resource Partners LP Total Inventories Historical Data

The historical data trend for Alliance Resource Partners 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.

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Alliance Resource Partners LP Total Inventories Chart

Alliance Resource Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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101.31

56.41

60.30

77.33

127.56

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
Total Inventories	Get a 7-Day Free Trial															77.33	108.65	128.94	135.87	127.56

Alliance Resource Partners LP Total Inventories Calculation

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 Resource Partners LP (NAS:ARLP) 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 Resource Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(59.813	+	0.75 * 282.622	+	0.5 * 127.556	-	929.829
-	0	-	24.095)	/	127.125
=	-4.86

2. 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 three months ended in Dec. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	491.934	/	131.712
	=	3.73

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 Resource Partners LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	131.712	/	625.422
	=	0.21

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.

Alliance Resource Partners LP Total Inventories Related Terms

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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 » Total Inventories

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