Red Trail Energy LLC (Red Trail Energy LLC) Inventory Turnover : 3.17 (As of Dec. 2023)

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What is Red Trail Energy LLC 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. Red Trail Energy LLC's Cost of Goods Sold for the three months ended in Dec. 2023 was $40.4 Mil. Red Trail Energy LLC's Average Total Inventories for the quarter that ended in Dec. 2023 was $12.7 Mil. Red Trail Energy LLC's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Trail Energy LLC's Days Inventory for the three months ended in Dec. 2023 was 28.83.

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. Red Trail Energy LLC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Red Trail Energy LLC Inventory Turnover Historical Data

The historical data trend for Red Trail Energy LLC'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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Red Trail Energy LLC Inventory Turnover Chart

Red Trail Energy LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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11.68

10.54

9.60

15.84

17.33

Red Trail Energy LLC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.93	3.57	3.25	3.71	3.17

Red Trail Energy LLC Inventory Turnover Calculation

Red Trail Energy LLC's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	187.59	/ (	(12.544	+	9.1)	/	2 )
=	187.59	/	10.822
=	17.33

Red Trail Energy LLC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	40.353	/ (	(9.1	+	16.396)	/	2 )
=	40.353	/	12.748
=	3.17

Red Trail Energy LLC (OTCPK:REGX) 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.

Red Trail Energy LLC'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
	=	12.748	/	40.353	*	365 / 4
	=	28.83

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.

Red Trail Energy LLC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	12.748	/	43.456
	=	0.29

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.

Red Trail Energy LLC Inventory Turnover Related Terms

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Red Trail Energy LLC (Red Trail Energy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Red Trail Energy LLC (OTCPK:REGX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3682 Highway 8 South, P.O. Box 11, Richardton, ND, USA, 58652

Website

http://www.redtrailenergyllc.com

Red Trail Energy LLC is USA based firm engaged in constructing, owning, and operating a fuel-grade ethanol plant near Richardton, North Dakota in western North Dakota. The company's product offering includes ethanol, distillers' grains, and corn oil.

Executives

Jodi Marie Johnson	officer: Chief Financial Officer	PO BOX 513, MEDORA ND 58645
Anthony Lee Mock	director	5665 22ND AVE SE, KINTYRE ND 58549
Kent Wayne Anderson	officer: Chief Financial Officer	1767 PRAIRIE AVENUE, DICKINSON ND 58601
Calvin Diehl	officer: Chief Executive Officer	3682 HIGHWAY 8 SOUTH, P O BOX 11, RICHARDTON ND 58652
Gerald Bachmeier	officer: Interim Chief Executive Office	20897 467TH AVE, MORRIS MN 56267
Sidney A Mauch	director	712 WYNDEMERE DRIVE, WEST FARGO ND 58078
Mike Appert	director	755 HIGHWAY 34, HAZELTON ND 58544
William Price	director	2273 RIVER ROAD, PRICE ND 58530
Jody Hoff	director	8601 HIGHWAY 10 EAST, RICHARDTON ND 58652
Mark Klempel	officer: Chief Financial Officer	3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652
Mick J Miller	officer: President	3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652
Roger N Berglund	director	104 9TH AVENUE NW, BOWMAN ND 58623
Frank Kirschenheiter	director	322 12TH AVENUE WEST, RICHARDTON ND 58652
Tim Meuchel	director	510 MAIN AVENUE, HEBRON ND 58638
Bonnie G Eckelberg	officer: Chief Financial Officer	3682 HIGHWAY 8 SOUTH, RICHARDTON ND 58652

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