Rhino Resource Partners LP (Rhino Resource Partners LP) Inventory Turnover : 2.58 (As of Mar. 2020)

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What is Rhino Resource Partners LP Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Rhino Resource Partners LP's Cost of Goods Sold for the three months ended in Mar. 2020 was $41.1 Mil. Rhino Resource Partners LP's Average Total Inventories for the quarter that ended in Mar. 2020 was $15.9 Mil. Rhino Resource Partners LP's Inventory Turnover for the quarter that ended in Mar. 2020 was 2.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rhino Resource Partners LP's Days Inventory for the three months ended in Mar. 2020 was 35.35.

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. Rhino Resource Partners LP's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.42.

Rhino Resource Partners LP Inventory Turnover Historical Data

The historical data trend for Rhino Resource Partners LP's Inventory Turnover 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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Rhino Resource Partners LP Inventory Turnover Chart

Rhino Resource Partners LP Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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14.86

13.82

18.78

19.40

16.68

Rhino Resource Partners LP Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Inventory Turnover	Get a 7-Day Free Trial															4.94	5.72	2.84	2.72	2.58

Rhino Resource Partners LP Inventory Turnover Calculation

Rhino Resource Partners LP's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	186.639	/ (	(6.424	+	15.957)	/	2 )
=	186.639	/	11.1905
=	16.68

Rhino Resource Partners LP's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

	Inventory Turnover (Q: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2020 )	/ (	(Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Mar. 2020 ))	/	count )
=	41.112	/ (	(15.957	+	15.9)	/	2 )
=	41.112	/	15.9285
=	2.58

Rhino Resource Partners LP (OTCPK:RHNO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Rhino Resource Partners LP's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	15.9285	/	41.112	*	365 / 4
	=	35.35

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.

Rhino Resource Partners LP's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	15.9285	/	37.496
	=	0.42

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Rhino Resource Partners LP Inventory Turnover Related Terms

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Rhino Resource Partners LP (Rhino Resource Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Rhino Resource Partners LP (OTCPK:RHNO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

424 Lewis Hargett Circle, Suite 250, Lexington, KY, USA, 40503

Website

http://www.rhinolp.com

Rhino Resource Partners LP is a diversified energy company based in the United States. It focuses on coal and energy-related assets and activities, including energy infrastructure investments. It produces and markets coal from surface and underground mines in Kentucky, West Virginia, Ohio and Utah. The company has three business segments: Central Appalachia which is the key revenue driver, Northern Appalachia, Rhino Western, and others.

Executives

William L Tuorto	director, officer: Executive Chairman	56 BROAD STREET SUITE 2 CHARLESTON SC 29412
Royal Energy Resources, Inc.	10 percent owner	56 BROAD STREET SUITE 2 CHARLESTON SC 29401
Brian Hughs	director	203 SOUTH 3RD ST. CANANDIAN TX 79014
Lazaros Nikeas	director	424 LEWIS HARGETT CIRCLE, LEXINGTON KY 40503
David Hanig	director	424 LEWIS HARGETT CIRCLE SUITE 250 LEXINGTON KY 40503
Richard A Boone	director, officer: President & CEO	CAM HOLDINGS LLC 265 HAMBLEY BOULEVARD PIKEVILLE KY 41501
Douglas Carroll Holsted	director	3350 AMERICANA TERRACE SUITE 215 BOISE ID 83706
Michael R Thompson	director	1546 WEST STAFFORD DRIVE EAGLE ID 83616
Ronald Phillips	director	DKR CAPITAL PARTNERS LP 1281 EAST MAIN STREET STAMFORD CT 06902
Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201
Weston Energy Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR NEW YORK NY 10022
Rhino Resource Partners Holdings Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR NEW YORK NY 10022
Wendell Scott Morris	officer: VP and CFO	424 LEWIS HARGETT CIRCLE, SUITE 250 LEXINGTON KY 40503
Ian Ganzer	director	304 WAITMAN ST MORGANTOWN WV 26501
Charles E Davidson	10 percent owner	C/O WEXFORD CAPITAL LP, 777 SOUTH FLAGLER DRIVE, SUITE 602, WEST PALM BEACH FL 33401