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

Adams Resources & Energy (Adams Resources & Energy) Inventory-to-Revenue

: 0.03 (As of Dec. 2023)
View and export this data going back to 1984. Start your Free Trial

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 Average Total Inventories for the quarter that ended in Dec. 2023 was $24 Mil. Adams Resources & Energy's Revenue for the three months ended in Dec. 2023 was $710 Mil. Adams Resources & Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Adams Resources & Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.04) to Sep. 2023 (0.03)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

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 three months 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.


Adams Resources & Energy Inventory-to-Revenue Historical Data

The historical data trend for Adams Resources & Energy's Inventory-to-Revenue 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.

Adams Resources & Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.02 0.01 0.01 0.01

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
Inventory-to-Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.04 0.03

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Adams Resources & Energy's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Adams Resources & Energy Inventory-to-Revenue Distribution

For the Oil & Gas industry and Energy sector, Adams Resources & Energy's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Adams Resources & Energy's Inventory-to-Revenue falls into.



Adams Resources & Energy Inventory-to-Revenue Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (26.919 + 19.827) / 2 ) / 2745.293
=23.373 / 2745.293
=0.01

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

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (27.65 + 19.827) / 2 ) / 709.751
=23.7385 / 709.751
=0.03

* 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.


Adams Resources & Energy  (AMEX:AE) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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 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
=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 (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=706.144 / 23.7385
=29.75

* 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.


Adams Resources & Energy Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Adams Resources & Energy's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


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

Traded in Other Exchanges
Address
17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027
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