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Steel Dynamics (Steel Dynamics) Change In Inventory : $232 Mil (TTM As of Dec. 2023)


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What is Steel Dynamics Change In Inventory?

Steel Dynamics's change in inventory for the quarter that ended in Dec. 2023 was $44 Mil. It means Steel Dynamics's inventory declined by $44 Mil from Sep. 2023 to Dec. 2023 .

Steel Dynamics's change in inventory for the fiscal year that ended in Dec. 2023 was $232 Mil. It means Steel Dynamics's inventory declined by $232 Mil from Dec. 2022 to Dec. 2023 .

Steel Dynamics's Total Inventories for the quarter that ended in Dec. 2023 was $2,895 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Steel Dynamics's Days Inventory for the quarter that ended in Dec. 2023 was 76.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Steel Dynamics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.20.

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. Steel Dynamics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.


Steel Dynamics Change In Inventory Historical Data

The historical data trend for Steel Dynamics's Change In 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.

Steel Dynamics Change In Inventory Chart

Steel Dynamics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 217.87 -150.60 -1,685.83 413.26 232.28

Steel Dynamics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Inventory Get a 7-Day Free Trial 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 258.87 141.11 -55.16 102.38 43.95

Steel Dynamics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $232 Mil.

* 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.


Steel Dynamics  (NAS:STLD) Change In Inventory Explanation

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

Steel Dynamics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=2918.133/3502.539*365 / 4
=76.02

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

Steel Dynamics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

3. 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.

Steel Dynamics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

* 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.


Steel Dynamics Change In Inventory Related Terms

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Steel Dynamics (Steel Dynamics) Business Description

Traded in Other Exchanges
Address
7575 West Jefferson Boulevard, Fort Wayne, IN, USA, 46804
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.
Executives
Glenn Pushis officer: Senior Vice President 4500 COUNTY ROAD 59, BUTLER IN 46721
James C Marcuccilli director 127 W BERRY ST, FORT WAYNE IN 46802
Bradley S Seaman director 161 SHAWFORD WAY, LAKE FOREST IL 60045
Richard A Poinsatte officer: Senior Vice President 6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
Jennifer L Hamann director 1400 DOUGLAS STREET, OMAHA NE 68130
Christopher A Graham officer: Vice President 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
Gabriel Shaheen director 1540 PARILLA CIRCLE, TRINITY FL 34655
Keith E Busse director 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
James Stanley Anderson officer: Senior Vice President 203 E BERRY STREET, AWB SUITE 804, FORT WAYNE IN 46802
Luis Manuel Sierra director 1555 CORAOPOLIS HEIGHTS ROAD, MOON TOWNSHIP PA 15108
Miguel Alvarez officer: Senior Vice President 7575 WEST JEFFERSON BLVD., FORT WAYNE IN 46804
Mark D Millett director, officer: President and CEO 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Theresa E Wagler officer: Executive Vice President & CFO 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Russell B Rinn officer: Executive Vice President 7575 WEST JEFFERSON BOULEVARD, FORT WAYNE IN 46804
Kenneth W. Cornew director 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603