Ramaco Resources (FRA:5R0) Inventory Turnover : 3.57 (As of Mar. 2024)

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What is Ramaco Resources 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. Ramaco Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €128.5 Mil. Ramaco Resources's Average Total Inventories for the quarter that ended in Mar. 2024 was €36.0 Mil. Ramaco Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ramaco Resources's Days Inventory for the three months ended in Mar. 2024 was 25.58.

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. Ramaco Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Ramaco Resources Inventory Turnover Historical Data

The historical data trend for Ramaco Resources'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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Ramaco Resources Inventory Turnover Chart

Ramaco Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.16

10.16

14.54

11.14

11.83

Ramaco Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.29	1.67	2.48	3.15	3.57

Ramaco Resources Inventory Turnover Calculation

Ramaco Resources's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	452.809	/ (	(42.455	+	34.078)	/	2 )
=	452.809	/	38.2665
=	11.83

Ramaco Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	128.536	/ (	(34.078	+	37.978)	/	2 )
=	128.536	/	36.028
=	3.57

Ramaco Resources (FRA:5R0) 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.

Ramaco Resources's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	36.028	/	128.536	*	365 / 4
	=	25.58

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.

Ramaco Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	36.028	/	158.862
	=	0.23

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.

Ramaco Resources Inventory Turnover Related Terms

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Ramaco Resources (FRA:5R0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ramaco Resources Inc (FRA:5R0) » Definitions » Inventory Turnover

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METCB:USA METC:USA

Address

250 West Main Street, Suite 1900, Lexington, KY, USA, 40507

Website

https://www.ramacoresources.com

Ramaco Resources Inc is a United States-based company engaged in operating and developing high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its only revenue-generating product is metallurgical coal which is used to make metallurgical coke. This is used as an input in the blast furnace steel-making process. The company's customer base encompasses U.S.-based blast furnace steel mills and U.S.-based coke plants, as well as international metallurgical coal consumers. Ramaco's portfolio comprises of the Elk Creek, Berwind, RAM Mine, and Knox Creek projects.

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