Manufacturers' Inventories to Shipments Ratios: Petroleum and Coal Products : 0.76 (As of 2024-11-01)
Basic Info
It measures the ratio of unsold petroleum and coal products inventories to the value of those products shipped during a specific period. This ratio helps assess how efficiently manufacturers in the petroleum and coal sectors are managing their inventories relative to sales. Since petroleum and coal products are vital for global energy markets, this ratio also reflects broader economic trends. Changes in fuel demand, such as during recessions or supply chain disruptions (e.g., the COVID-19 pandemic), directly impact this ratio.
Monthly , seasonally adjusted .
Manufacturers' Inventories to Shipments Ratios: Petroleum and Coal Products was 0.76 as of 2024-11-01, according to United States Census Bureau. Historically, Manufacturers' Inventories to Shipments Ratios: Petroleum and Coal Products reached a record high of 1.3 and a record low of 0.6, the median value is 0.77. Typical value range is from 0.68 to 0.88. The Year-Over-Year growth is 2.7%. GuruFocus provides the current actual value, an historical data chart and related indicators for Manufacturers' Inventories to Shipments Ratios: Petroleum and Coal Products - last updated on 2024-11-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | United States Census Bureau |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 0.76 | ||
| Latest Period | 2024-11-01 | ||
| Long Term Average | 0.78 | ||
| Average Annualized Growth Rate | -0.64% | ||
| Value from 1 year ago | 0.74 | ||
| Change from 1 year ago | +2.7% | ||
| Frequency | Daily | ||
| Unit | Ratio | ||
| Download Source | source link |
Related Indicators
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