Vertex Energy (Vertex Energy) Inventory-to-Revenue : 0.28 (As of Dec. 2023)

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What is Vertex Energy Inventory-to-Revenue?

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. Vertex Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $202 Mil. Vertex Energy's Revenue for the three months ended in Dec. 2023 was $733 Mil. Vertex Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Vertex Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.22) to Sep. 2023 (0.28)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vertex Energy's Days Inventory for the three months ended in Dec. 2023 was 24.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vertex Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.65.

Vertex Energy Inventory-to-Revenue Historical Data

The historical data trend for Vertex 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.

Vertex Energy Inventory-to-Revenue Chart

Vertex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.40

0.04

0.02

0.03

0.05

Vertex 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	Get a 7-Day Free Trial															0.17	0.23	0.28	0.22	0.28

Competitive Comparison of Vertex Energy's Inventory-to-Revenue

For the Oil & Gas Refining & Marketing subindustry, Vertex 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.

Vertex Energy's Inventory-to-Revenue Distribution in the Oil & Gas Industry

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

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

Vertex Energy Inventory-to-Revenue Calculation

Vertex 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 )
=	( (135.473	+	182.12)	/	2 )	/	3177.187
=	158.7965					/	3177.187
=	0.05

Vertex 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 )
=	( (222.685	+	182.12)	/	2 )	/	732.745
=	202.4025					/	732.745
=	0.28

Vertex Energy (NAS:VTNR) Inventory-to-Revenue Explanation

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

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.

Vertex 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
	=	202.4025	/	739.608	*	365 / 4
	=	24.97

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

Vertex 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 )
	=	739.608	/	202.4025
	=	3.65

Vertex Energy Inventory-to-Revenue Related Terms

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Vertex Energy (Vertex Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vertex Energy Inc (NAS:VTNR) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

VTNR:Mexico 5VE:Germany

Address

1331 Gemini Street, Suite 250, Houston, TX, USA, 77058

Website

https://www.vertexenergy.com

Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.

Executives

Christopher Allen Stratton	director	1331 GEMINI STREET, #250, HOUSTON TX 77058
Alvaro Ruiz	officer: Chief Strategy Officer	86 S KNIGHTS CROSSING DR, THE WOODLANDS TX 77382
James Gary Rhame	officer: Chief Operating Officer	2601 RYDER COURT, LEAGUE CITY TX 77573
Benjamin P Cowart	director, 10 percent owner, officer: CEO AND PRESIDENT	2506 DEEP OAK COURT, HOUSTON TX 77059
Douglas Scott Haugh	officer: Chief Commercial Officer	865 DUNHAM STREET, DANIEL ISLAND SC 29492
Karen Kay Maston	director	3770 OLYMPIA DRIVE, HOUSTON TX 77019
Odeh Khoury	director	6 GREYTON LN, HOUSTON TX 77024
David L Phillips	director	P.O. BOX 37167, HOUSTON TX 77237
John Noel Strickland	officer: COO	2030 ASHTON WAY, BAINBRIDGE GA 39819
Timothy C Harvey	director	15 COLONEL WINSTEAD DRIVE, BRENTWOOD TN 37027
James P Gregory	director	1225 EYE STREET NW SUITE 900, WASHINGTON DC 22209
David Peel	officer: COO	1427 SHELL FISH CT., MT. PLEASANT SC 29466
Dan Borgen	director	9500 NEW CENTURY, PASADENA TX 77507
Matthew Lieb	officer: CHIEF OPERATING OFFICER	13500 EVENING CREEK DRIVE #440, SAN DIEGO CA 92128
Chris Carlson	officer: CFO AND SECRETARY	4418 CEDAR RIDGE TRAIL, HOUSTON TX 77059