Ascent Industries Co (Ascent Industries Co) Change In Inventory : $3.9 Mil (TTM As of Mar. 2024)

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What is Ascent Industries Co Change In Inventory?

Ascent Industries Co's change in inventory for the quarter that ended in Mar. 2024 was $1.2 Mil. It means Ascent Industries Co's inventory declined by $1.2 Mil from Dec. 2023 to Mar. 2024 .

Ascent Industries Co's change in inventory for the fiscal year that ended in Dec. 2023 was $12.2 Mil. It means Ascent Industries Co's inventory declined by $12.2 Mil from Dec. 2022 to Dec. 2023 .

Ascent Industries Co's Total Inventories for the quarter that ended in Mar. 2024 was $51.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ascent Industries Co's Days Inventory for the quarter that ended in Mar. 2024 was 113.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ascent Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

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. Ascent Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Ascent Industries Co Change In Inventory Historical Data

The historical data trend for Ascent Industries Co'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.

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Ascent Industries Co Change In Inventory Chart

Ascent Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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19.96

9.12

-18.87

-13.69

12.25

Ascent Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															9.49	0.79	-9.75	11.72	1.18

Ascent Industries Co Change In Inventory Calculation

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.9 Mil.

Ascent Industries Co (NAS:ACNT) Change In Inventory Explanation

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

Ascent Industries Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	51.7515	/	41.582	*	365 / 4
	=	113.57

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ascent Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	41.582	/	51.7515
	=	0.80

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.

Ascent Industries Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	51.7515	/	44.11
	=	1.17

Ascent Industries Co Change In Inventory Related Terms

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Ascent Industries Co (Ascent Industries Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (NAS:ACNT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

SY4:Germany

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

Executives

Zuppo John Robert Iii	other: Exec VP - Synalloy Chemicals	6095 OLD BRICK STORE RD, GREENSBORO NC 27455
William Steckel	officer: Chief Financial Officer	2972 STENDER WAY, SANTA CLARA CA 95054
Benjamin L Rosenzweig	director	50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mazzaferro Aldo John Jr	director	15 MIDWOOD ROAD, STONY BROOK NY 11790
Christopher Gerald Hutter	director	1400 16TH STREET, SUITE 250, OAK BROOK IL 60523
Privet Fund Lp	10 percent owner, other: See Explanation of Responses	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Henry L Guy	director	89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901
Aaron M Tam	officer: Chief Financial Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
John Schauerman	director	26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Tackett Glenn Douglas Jr	officer: Chief Legal Officer	4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
David James Kuzy	other: EVP - Synalloy Chemicals	639 S. MAIN STREET, NAPERVILLE IL 60540
Timothy J Lynch	other: Exec VP - Synalloy Metals	13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507
Sarah M Cunningham	officer: VP Corporate Adinistration	14519 AUGUSTA LANE, ASHLAND X1 23005
Maria Haughton Roberson	other: President, ASTI	129 HONEYCUTT ROAD, TROUTMAN NC 28166
Anthony A Callander	director	PO BOX 5627, SPARTANBURG SC 29304