Empire Resources's change in inventory for the quarter that ended in Dec. 2016 was $-17.4 Mil. It means Empire Resources's inventory
increased by $17.4 Mil
from Sep. 2016 to Dec. 2016 .
Empire Resources's change in inventory for the fiscal year that ended in Dec. 2016 was $22.9 Mil. It means Empire Resources's inventory
declined by $22.9 Mil
from Dec. 2015 to Dec. 2016 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Empire Resources's Days Inventory for the quarter that ended in Dec. 2016 was 119.30.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Empire Resources's Inventory Turnover for the quarter that ended in Dec. 2016 was 0.76.
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.
Empire Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 1.24.
Empire Resources Change In Inventory Historical Data
The historical data trend for Empire Resources'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.
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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $22.9 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.
Empire Resources (NAS:ERS) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Empire Resources's Days Inventory for the quarter that ended in 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.
Empire Resources's Inventory to Revenue for the quarter that ended in Dec. 2016 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.
Empire Resources Change In Inventory Related Terms
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Empire Resources (Empire Resources) Business Description
Empire Resources Inc was incorporated in the State of Delaware in 1990 under the name Integrated Technology USA, Inc. On September 17, 1999, the Company merged with Empire Resources, Inc. a distributor of value added, semi-finished aluminum products. Since the merger, the Company has continued the business of Empire under the name of Empire Resources, Inc. The Company is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to customer base located in the Americas, Europe, Australia and New Zealand. The Company sells its products through its own marketing and sales personnel and its independent sales agents who are located in North America and in Europe. The Company's semi-finished aluminum and steel products which are produced by processing aluminum or steel and/or aluminum scrap. A product is considered 'semi-finished' if it has not yet been converted into a final end product. Semi-finished aluminum products include aluminum sheet, coil, plate and foil, rod, bar and wire, extruded and cast products. The Company provides many of these forms of semi-finished aluminum products to its customers. The Company sells its products mainly through its own marketing and sales personnel. In addition, it sells less than 10% of its products through independent sales agents. The Company serves more than 300 customers in industries, such as distribution, transportation, automobile, housing, appliances and packaging. Its competitors include aluminum producers and rolling mills. Its competitors include: Alcoa Inc. and Aleris Rolled Products, Inc. The Company is subject to governmental regulations governing imports, in particular regulations governing the imposition of tariffs and antidumping and other duties.
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