Atlas Energy Solutions (Atlas Energy Solutions) Days Inventory : 23.77 (As of Dec. 2023)

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What is Atlas Energy Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Atlas Energy Solutions's Average Total Inventories for the three months ended in Dec. 2023 was $20.4 Mil. Atlas Energy Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $78.2 Mil. Hence, Atlas Energy Solutions's Days Inventory for the three months ended in Dec. 2023 was 23.77.

The historical rank and industry rank for Atlas Energy Solutions's Days Inventory or its related term are showing as below:

AESI' s Days Inventory Range Over the Past 10 Years
Min: 21.62 Med: 28.33 Max: 36.59
Current: 21.88

During the past 4 years, Atlas Energy Solutions's highest Days Inventory was 36.59. The lowest was 21.62. And the median was 28.33.

AESI's Days Inventory is ranked better than
60.82% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs AESI: 21.88

Atlas Energy Solutions's Days Inventory increased from Dec. 2022 (18.39) to Dec. 2023 (23.77). It might indicate that Atlas Energy Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Atlas Energy Solutions's Inventory Turnover for the three months ended in Dec. 2023 was 3.84.

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. Atlas Energy Solutions's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.14.

Atlas Energy Solutions Days Inventory Historical Data

The historical data trend for Atlas Energy Solutions's Days 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.

Atlas Energy Solutions Days Inventory Chart

Atlas Energy Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

36.59

33.40

21.62

23.26

Atlas Energy Solutions Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						18.39	20.82	20.53	20.87	23.77

Competitive Comparison of Atlas Energy Solutions's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Atlas Energy Solutions's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Atlas Energy Solutions's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Energy Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Atlas Energy Solutions's Days Inventory falls into.

Atlas Energy Solutions Days Inventory Calculation

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

Atlas Energy Solutions's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (16.411	+	21.857)	/	2 )	/	300.194	*	365
=	19.134					/	300.194	*	365
=	23.26

Atlas Energy Solutions's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (18.872	+	21.857)	/	2 )	/	78.192	*	365 / 4
=	20.3645					/	78.192	*	365 / 4
=	23.77

Atlas Energy Solutions (NYSE:AESI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Atlas Energy Solutions's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	78.192	/	20.3645
	=	3.84

2. 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.

Atlas Energy Solutions's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.3645	/	141.138
	=	0.14

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Atlas Energy Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of Atlas Energy Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlas Energy Solutions (Atlas Energy Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atlas Energy Solutions Inc (NYSE:AESI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5918 West Courtyard Drive, Suite 500, Austin, TX, USA, 78730

Website

https://www.atlas.energy

Atlas Energy Solutions Inc is a provider of proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the most active oil and natural gas basin in North America.

Executives

Richard W Schmidt	other: Member of 10% Owner Group.	5410 BEE CAVE ROAD, AUSTIN TX 78746
Brian Anthony Leveille	other: Member of 10% Owner Group	5918 W COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
Gregory M Shepard	director, other: Member of 10% Owner Group	7028 PORTMARNOCK PLACE, LAKEWOOD RANCH FL 34202
Chad M. Mcever	other: Member of 10% Owner Group	THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056
Kirk Edwards Ginn	other: Member of 10% Owner Group	5918 W COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
Joel Hock	other: Member of 10% Owner Group"	3331 WESTLAKE DRIVE, AUSTIN TX 78746
Camcole Consultants, Llc	other: Member of 10% Owner Group	2203 GULF AVENUE, MIDLAND TX 79705
Sealy & Smith Foundation	10 percent owner	2200 MARKET STREET, SUITE 500, GALVESTON TX 77550
Ben M Brigham	director, 10 percent owner, officer: See Remarks	6300 BRIDGE POINT PKWY, BLDG 2 STE 500, AUSTIN TX 78730
Douglas G Rogers	director	2200 MARKET STREET, SUITE 500, GALVESTON TX 77550
Jeffrey L Allison	officer: EVP, Sales & Marketing	5918 W. COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
Atlas Sand Management Co Ii, Llc	10 percent owner	5918 W. COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
John Gregory Turner	officer: See Remarks	5918 W. COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
Dathan C Voelter	officer: General Counsel and Secretary	5918 W. COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730
Atlas Sand Holdings, Llc	10 percent owner	5914 W. COURTYARD DRIVE, SUITE 500, AUSTIN TX 78730