Trecora Resources (Trecora Resources) Inventory Turnover : 3.26 (As of Mar. 2022)

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What is Trecora 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. Trecora Resources's Cost of Goods Sold for the three months ended in Mar. 2022 was $75.3 Mil. Trecora Resources's Average Total Inventories for the quarter that ended in Mar. 2022 was $23.1 Mil. Trecora Resources's Inventory Turnover for the quarter that ended in Mar. 2022 was 3.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trecora Resources's Days Inventory for the three months ended in Mar. 2022 was 27.96.

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. Trecora Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.28.

Trecora Resources Inventory Turnover Historical Data

The historical data trend for Trecora 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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Trecora Resources Inventory Turnover Chart

Trecora Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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10.92

13.86

13.12

11.68

12.66

Trecora Resources Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover	Get a 7-Day Free Trial															3.60	3.65	3.66	3.33	3.26

Trecora Resources Inventory Turnover Calculation

Trecora Resources's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	244.114	/ (	(15.321	+	23.248)	/	2 )
=	244.114	/	19.2845
=	12.66

Trecora Resources's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	75.321	/ (	(23.248	+	22.916)	/	2 )
=	75.321	/	23.082
=	3.26

Trecora Resources (NYSE:TREC) 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.

Trecora Resources's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	23.082	/	75.321	*	365 / 4
	=	27.96

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.

Trecora Resources's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	23.082	/	83.214
	=	0.28

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.

Trecora Resources Inventory Turnover Related Terms

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Trecora Resources (Trecora Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trecora Resources (NYSE:TREC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 Highway 6 S, Suite 190, Sugar Land, TX, USA, 77478

Website

https://www.trecora.com

Trecora Resources manufactures specialty petrochemical products and synthetic waxes. Its specialty petrochemical segment includes products such as high purity hydrocarbons, and other petroleum-based products, which include isopentane, normal pentane, isohexane, and hexane. The specialty synthetic waxes segment produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It derives maximum revenue from its specialty petrochemical segment. Geographically, the company operates in the United States.

Executives

Temnein Ventures Iii, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700 NEW YORK NY 10022
Ortelius Advisors, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Peter Desorcy	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Pangaea Ventures, L.p.	other: Former 10% owner	450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022
Rafael Pons	officer: Chief Manufacturing Officer	C/O TRECORA RESOURCES 1650 HWY 6 S SUITE 190 SUGARLAND TX 77478
Michael W Silberman	officer: General Counsel and Secretary	5915 CHARLESTOWN DR DALLAS TX 75230
Patrick D. Quarles	director	C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Nicholas Carter	director, officer: Executive Chairman	7760 ROSEWOOD LUMBERTON TX 77657
Janet Skogan Roemer	director	55 CAMBRIDGE PKWY, 8TH FLOOR CAMBRIDGE MA 01242
Al Athel Fahad Mohammed Saleh	10 percent owner	PO BOX 4900 RIYADH 11412 SAUDI ARABIA
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Joseph Michael Tanner	officer: SVP Commercial	86 POWDER CREEK TRAIL ARDEN NC 28704
Sami Ahmad	officer: CFO	1 DUNNAM LANE HOUSTON TX 77024
John Richard Townsend	officer: Chief Manufacturing Officer	2132 WOODCHASE BLVD BATON ROUGE LA 70808