American Resources Corporation (AREC) 10-Year Financial Performance & Capital Metrics

AREC • • Industrial / General

EnergyCoalMetallurgical Coal ProducersAppalachian Met Coal Producers

AboutAmerican Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It has a portfolio of operations located in the Pike, Knott, and Letcher Counties in Kentucky; and Wyoming County, West Virginia. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.Show more

Revenue $383K -97.1%
EBITDA -$28M +14.8%
Net Income -$40M -4.1%
EPS (Diluted) -0.52 -246.7%
Gross Margin -568.65% -6114.1%
EBITDA Margin -7302.65% -2843.9%
Operating Margin -8634.17% -3041.4%
Net Margin -10465.91% -3495.1%
ROE -
ROIC -35.77% +91.0%
Debt/Equity -
Interest Coverage -4.13 +77.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 56.5% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-56.45%

3Y-63.3%

TTM-63.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-18.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM-10.76%

ROCE

10Y Avg-418.64%

5Y Avg-227.44%

3Y Avg-193.81%

Latest-61.32%

Peer Comparison

Appalachian Met Coal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METCRamaco Resources, Inc.	1.19B	21.53	102.52	-3.93%	-5.67%	-6.24%	3.69%	0.29
METCBRamaco Resources, Inc.	146.28M	13.30	63.33	-3.93%	-5.67%	-6.24%	39.26%	0.28
AMRAlpha Metallurgical Resources, Inc.	3.21B	249.65	17.48	-14.81%	-2.09%	-2.92%	11.87%	0.00
ARECAmerican Resources Corporation	366.99M	3.56	-6.85	-97.1%	-275.14%

Profit & Loss

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	62.43K	147.28K	20.82M	31.52M	24.48M	1.06M	7.76M	39.47M	13.23M	383.23K
Revenue Growth %	-	1.36%	140.37%	0.51%	-0.22%	-0.96%	6.32%	4.09%	-0.66%	-0.97%
Cost of Goods Sold+	60.22K	80.92K	21.32M	28.17M	30.31M	5.11M	8.4M	25.47M	11.98M	2.56M
COGS % of Revenue	0.96%	0.55%	1.02%	0.89%	1.24%	4.82%	1.08%	0.65%	0.91%	6.69%
Gross Profit+	2.21K	66.36K	-497.58K	3.36M	-5.83M	-4.05M	-639.79K	14M	1.25M	-2.18M
Gross Margin %	0.04%	0.45%	-0.02%	0.11%	-0.24%	-3.82%	-0.08%	0.35%	0.09%	-5.69%
Gross Profit Growth %	-	29.07%	-8.5%	7.75%	-2.74%	0.31%	0.84%	22.88%	-0.91%	-2.74%
Operating Expenses+	407.09K	376.88K	13.27M	15.66M	54.12M	12.4M	27.58M	33.49M	37.63M	30.91M
OpEx % of Revenue	6.52%	2.56%	0.64%	0.5%	2.21%	11.7%	3.56%	0.85%	2.84%	80.66%
Selling, General & Admin	376.93K	338.38K	8.92M	11.35M	19.1M	7.56M	23.26M	5.12M	12.21M	23.65M
SG&A % of Revenue	6.04%	2.3%	0.43%	0.36%	0.78%	7.14%	3%	0.13%	0.92%	61.71%
Research & Development	0	1.76M	6.85M	3.82M	7.24M	4M	18.1M	28.13M	11.31M	0
R&D % of Revenue	-	11.95%	0.33%	0.12%	0.3%	3.77%	2.33%	0.71%	0.85%	-
Other Operating Expenses	30.17K	-550	343.1K	491.44K	27.79M	838.67K	-13.78M	230.22K	14.1M	7.26M
Operating Income+	-404.89K	-754.91K	-14.02M	-12.3M	-59.95M	-16.45M	-28.22M	-19.49M	-36.38M	-33.09M
Operating Margin %	-6.49%	-5.13%	-0.67%	-0.39%	-2.45%	-15.52%	-3.64%	-0.49%	-2.75%	-86.34%
Operating Income Growth %	-3.77%	-0.86%	-17.57%	0.12%	-3.87%	0.73%	-0.72%	0.31%	-0.87%	0.09%
EBITDA+	-374.72K	-716.41K	-10.96M	-8M	-53.71M	-11.61M	-23.9M	-15.96M	-32.83M	-27.99M
EBITDA Margin %	-6%	-4.86%	-0.53%	-0.25%	-2.19%	-10.96%	-3.08%	-0.4%	-2.48%	-73.03%
EBITDA Growth %	-3.63%	-0.91%	-14.29%	0.27%	-5.72%	0.78%	-1.06%	0.33%	-1.06%	0.15%
D&A (Non-Cash Add-back)	30.17K	38.5K	3.06M	4.31M	6.25M	4.84M	4.32M	3.53M	3.55M	5.1M
EBIT	-444.45K	-719.16K	-12.99M	-10.8M	-60.28M	-6.86M	-28.34M	-19.52K	-36.74M	-32.18M
Net Interest Income+	0	0	-737.11K	-1.8M	-10.47M	-3.19M	-3.94M	-1.4M	-1.96M	-6.92M
Interest Income	0	0	298.72K	164.17K	164.69K	205.86K	230.53K	30.98K	30.23K	1.1M
Interest Expense	0	0	1.04M	1.96M	10.63M	3.39M	4.17M	1.43M	1.99M	8.02M
Other Income/Expense	-19.67K	35.74K	-402.84K	-1.26M	-10.96M	6.19M	-345.46K	18.04M	-2.35M	-7.11M
Pretax Income+	-444.45K	-719.16K	-14.03M	-12.76M	-70.92M	-10.26M	-28.57M	-1.45M	-38.72M	-40.2M
Pretax Margin %	-7.12%	-4.88%	-0.67%	-0.4%	-2.9%	-9.68%	-3.68%	-0.04%	-2.93%	-104.89%
Income Tax+	-19.9K	-1.49K	343.1K	-724.34K	0	0	3.94M	0	0	0
Effective Tax Rate %	0.96%	1%	1.02%	1.01%	1%	1%	1.14%	1%	0.99%	1%
Net Income+	-424.56K	-717.67K	-14.37M	-12.91M	-70.92M	-10.26M	-32.5M	-1.45M	-38.53M	-40.11M
Net Margin %	-6.8%	-4.87%	-0.69%	-0.41%	-2.9%	-9.68%	-4.19%	-0.04%	-2.91%	-104.66%
Net Income Growth %	-3.77%	-0.69%	-19.02%	0.1%	-4.49%	0.86%	-2.17%	0.96%	-25.65%	-0.04%
Net Income (Continuing)	-444.45K	-719.16K	-14.03M	-12.76M	-70.92M	-10.26M	-32.5M	-1.45M	-38.72M	-40.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	540.47K	71.29K	397.86K	0	0	0	0	0	-1.47M	-1.56M
EPS (Diluted)+	-0.58	-0.86	-18.13	-3.67	-3.47	-0.35	-0.59	-0.02	-0.15	-0.52
EPS Growth %	-0.53%	-0.48%	-20.08%	0.8%	0.05%	0.9%	-0.69%	0.96%	-5.88%	-2.47%
EPS (Basic)	-0.58	-0.86	-18.13	-3.67	-3.47	-0.35	-0.59	-0.02	-0.15	-0.52
Diluted Shares Outstanding	737.92K	836.63K	792.39K	3.51M	24.09M	29.36M	55.22M	66.32M	75.42M	77.22M
Basic Shares Outstanding	737.92K	836.63K	792.39K	3.51M	24.09M	29.36M	55.22M	66.32M	75.42M	77.22M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	644.39K	90.98K	2.7M	4.26M	3.18M	11.22M	15.3M	12.77M	37.8M	11.33M
Cash & Short-Term Investments	640.24K	83.81K	186.72K	2.29M	3.32K	10.62M	11.49M	10.87M	2.67M	1.19M
Cash Only	444.77K	48.79K	186.72K	2.29M	3.32K	10.62M	11.49M	10.87M	1.32M	604.49K
Short-Term Investments	195.46K	35.02K	0	0	0	0	0	0	1.35M	587.36K
Accounts Receivable	0	2.21K	1.9M	1.66M	2.66M	272.89K	3.18M	660.75K	741.24K	1.17M
Days Sales Outstanding	-	5.48	33.32	19.2	39.65	93.99	149.46	6.11	20.44	1.12K
Inventory	4.16K	4.96K	615.1K	163.8K	515.63K	150.5K	0	446.69K	129.99K	959.99K
Days Inventory Outstanding	25.19	22.37	10.53	2.12	6.21	10.76	-	6.4	3.96	136.74
Other Current Assets	0	0	30.02K	0	234.24K	0	5K	0	34.26M	8M
Total Non-Current Assets+	485.88K	6K	15.56M	37.1M	32.05M	27.2M	27.57M	43.15M	26.92M	193.69M
Property, Plant & Equipment	4K	6K	11.12M	32.57M	27.67M	22.5M	23.63M	22.15M	21.55M	39.29M
Fixed Asset Turnover	15.63x	24.57x	1.87x	0.97x	0.88x	0.05x	0.33x	1.78x	0.61x	0.01x
Goodwill	361.05K	0	0	0	0	0	0	0	0	0
Intangible Assets	120.83K	0	0	0	0	0	450.22K	0	0	0
Long-Term Investments	0	0	4.44M	4.53M	4.38M	0	2.5M	18.78M	3.48M	1.71M
Other Non-Current Assets	0	0	0	0	0	4.7M	995.19K	2.22M	1.9M	152.69M
Total Assets+	1.13M	96.97K	18.26M	41.36M	35.23M	38.42M	42.87M	55.92M	64.73M	205.01M
Asset Turnover	0.06x	1.52x	1.14x	0.76x	0.69x	0.03x	0.18x	0.71x	0.20x	0.00x
Asset Growth %	9.24%	-0.91%	187.34%	1.26%	-0.15%	0.09%	0.12%	0.3%	0.16%	2.17%
Total Current Liabilities+	68.09K	168.5K	35.42M	26.43M	45.01M	20.93M	16.54M	27.43M	77.01M	84.8M
Accounts Payable	14.39K	10.17K	5.36M	8.12M	11.04M	4.29M	3.25M	4.92M	3.37M	4.25M
Days Payables Outstanding	87.2	45.88	91.78	105.24	133	306.51	141.11	70.45	102.71	605.03
Short-Term Debt	18.55K	50K	9.65M	14.31M	28.05M	11.07M	5.86M	11.7M	45.68M	45.71M
Deferred Revenue (Current)	33.95K	35.34K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	0	0	2.12M	2.41M	2.33M	0	0	0	7.59M	6.59M
Current Ratio	9.46x	0.54x	0.08x	0.16x	0.07x	0.54x	0.93x	0.47x	0.49x	0.13x
Quick Ratio	9.40x	0.51x	0.06x	0.16x	0.06x	0.53x	0.93x	0.45x	0.49x	0.12x
Cash Conversion Cycle	-	-18.03	-47.93	-83.91	-87.14	-201.76	-	-57.93	-78.31	649.77
Total Non-Current Liabilities+	0	0	22.93M	24.13M	22.93M	37.49M	28.68M	28.2M	32.72M	202.12M
Long-Term Debt	0	0	5.08M	7.92M	5.42M	19.63M	9.17M	0	486.56K	151.84M
Capital Lease Obligations	0	0	0	0	0	0	548.48K	7.9M	849.46K	21.78M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	17.85M	16.21M	17.51M	17.86M	18.97M	20.3M	31.39M	28.5M
Total Liabilities	68.09K	168.5K	58.36M	50.56M	67.93M	58.42M	45.22M	55.63M	109.73M	286.92M
Total Debt+	18.55K	50K	14.73M	22.23M	33.46M	30.7M	15.72M	23.49M	47.1M	220.51M
Net Debt	-69.43K	1.21K	14.54M	19.94M	33.46M	20.09M	4.23M	12.62M	45.78M	219.91M
Debt / Equity	0.02x	-	-	-	-	-	-	82.52x	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-13.53x	-6.28x	-5.64x	-4.84x	-6.77x	-13.66x	-18.30x	-4.13x
Total Equity+	1.06M	-71.53K	-40.09M	-9.2M	-32.7M	-20.01M	-2.35M	284.7K	-45.01M	-81.91M
Equity Growth %	8.89%	-1.07%	-559.53%	0.77%	-2.55%	0.39%	0.88%	1.12%	-159.08%	-0.82%
Book Value per Share	1.44	-0.09	-50.60	-2.62	-1.36	-0.68	-0.04	0.00	-0.60	-1.06
Total Shareholders' Equity	521.71K	-142.82K	-40.49M	-9.2M	-32.7M	-20.01M	-2.35M	284.7K	-43.53M	-80.35M
Common Stock	2.5K	2.52K	89	1.78K	2.74K	4.3K	6.51K	6.68K	7.63K	7.8K
Retained Earnings	-513.49K	-1.23M	-42.02M	-52.12M	-123.03M	-133.29M	-165.79M	-167.24M	-225.29M	-266.76M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	540.47K	71.29K	397.86K	0	0	0	0	0	-1.47M	-1.56M

Cash Flow

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-87.64K	-100.44K	-5.64M	-3.37M	-19.21M	-13.85M	-29.09M	2.55M	-20.1M	-22.23M
Operating CF Margin %	-1.4%	-0.68%	-0.27%	-0.11%	-0.78%	-13.07%	-3.75%	0.06%	-1.52%	-57.99%
Operating CF Growth %	-0.07%	-0.15%	-55.2%	0.4%	-4.71%	0.28%	-1.1%	1.09%	-8.89%	-0.11%
Net Income	-444.45K	-643.37K	-14.03M	-12.76M	-70.92M	-10.26M	-32.27M	-1.45M	-38.25M	-40.2M
Depreciation & Amortization	30.17K	38.5K	2.56M	2.94M	6.25M	2.79M	3.23M	3.53M	3.55M	5.1M
Stock-Based Compensation	242.7K	53.15K	50K	782.22K	377.25K	230.05K	1.09M	0	3.29M	3.73M
Deferred Taxes	-260.31K	335.33K	-137.43K	0	32.58M	1.22M	397.03K	0	0	0
Other Non-Cash Items	299.88K	50K	2.32M	1.09M	10.74M	-4.19M	1.31M	-4.36M	105.06K	1.59M
Working Capital Changes	44.38K	65.94K	3.59M	4.58M	1.77M	-3.65M	-2.85M	4.83M	11.21M	7.55M
Change in Receivables	200	-2.75M	882.64K	531.88K	-1M	2.39M	-3.03M	2.51M	308.51K	-622.67K
Change in Inventory	-4.16K	-803	-615.1K	451.3K	-351.83K	365.13K	150.5K	-446.69K	316.7K	-830K
Change in Payables	14.39K	0	3.1M	2.97M	1.41M	-4.4M	200.13K	2.72M	-3.37M	6M
Cash from Investing+	-179.13K	36.95K	381.76K	-10.64K	322.75K	417.86K	-5.92M	-1.13M	-5.63M	55.98K
Capital Expenditures	-5K	-3K	-173.43K	-133.36K	-327.25K	417.86K	-3.07M	16.91M	-3.62M	-1.06M
CapEx % of Revenue	0.08%	0.02%	0.01%	0%	0.01%	0.39%	0.4%	0.43%	0.27%	2.76%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5K	-3K	555.19K	122.72K	0	0	-350K	250.98K	1.85M	0
Cash from Financing+	628.72K	-332.49K	4.67M	5.7M	16.45M	24.36M	36.4M	-1.02M	45.61M	146.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-333	-2.72K	0	0	0	0	0	0	0	-1.36M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	487.92K	-311.22K	17.02K	-477.07K	1.48M	-1.81M	4.35M	0	45.13M	1.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-92.63K	-103.44K	-5.82M	-3.5M	-19.53M	-13.85M	-32.16M	2.55M	-23.72M	-23.28M
FCF Margin %	-1.48%	-0.7%	-0.28%	-0.11%	-0.8%	-13.07%	-4.15%	0.06%	-1.79%	-60.76%
FCF Growth %	-0.13%	-0.12%	-55.24%	0.4%	-4.58%	0.29%	-1.32%	1.08%	-10.3%	0.02%
FCF per Share	-0.13	-0.12	-7.34	-1.00	-0.81	-0.47	-0.58	0.04	-0.31	-0.30
FCF Conversion (FCF/Net Income)	0.21x	0.14x	0.39x	0.26x	0.27x	1.35x	0.90x	-1.76x	0.52x	0.55x
Interest Paid	0	0	0	0	0	0	0	23.17K	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-72.6%	-144.89%	-	-	-	-	-	-507.8%	-	-
Return on Invested Capital (ROIC)	-85.66%	-200.19%	-	-85.94%	-782.57%	-2956.38%	-2152.61%	-197.63%	-398.83%	-35.77%
Gross Margin	3.54%	45.06%	-2.39%	10.65%	-23.82%	-381.96%	-8.25%	35.47%	9.46%	-568.65%
Net Margin	-680.07%	-487.28%	-69.01%	-40.95%	-289.73%	-967.81%	-419.12%	-3.66%	-291.12%	-10465.91%
Debt / Equity	0.02x	-	-	-	-	-	-	82.52x	-	-
Interest Coverage	-	-	-13.53x	-6.28x	-5.64x	-4.84x	-6.77x	-13.66x	-18.30x	-4.13x
FCF Conversion	0.21x	0.14x	0.39x	0.26x	0.27x	1.35x	0.90x	-1.76x	0.52x	0.55x
Revenue Growth	-	135.92%	14036.82%	51.41%	-22.35%	-95.67%	631.85%	409%	-66.47%	-97.1%

Frequently Asked Questions

Growth & Financials

American Resources Corporation (AREC) reported $0.1M in revenue for fiscal year 2024.

American Resources Corporation (AREC) saw revenue decline by 97.1% over the past year.

American Resources Corporation (AREC) reported a net loss of $39.9M for fiscal year 2024.

Dividend & Returns

Yes, American Resources Corporation (AREC) pays a dividend with a yield of 0.50%. This makes it attractive for income-focused investors.

American Resources Corporation (AREC) had negative free cash flow of $7.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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American Resources Corporation (AREC) 10-Year Financial Performance & Capital Metrics

AREC • • Industrial / General

EnergyCoalMetallurgical Coal ProducersAppalachian Met Coal Producers

Revenue $383K -97.1%
EBITDA -$28M +14.8%
Net Income -$40M -4.1%
EPS (Diluted) -0.52 -246.7%
Gross Margin -568.65% -6114.1%
EBITDA Margin -7302.65% -2843.9%
Operating Margin -8634.17% -3041.4%
Net Margin -10465.91% -3495.1%
ROE -
ROIC -35.77% +91.0%
Debt/Equity -
Interest Coverage -4.13 +77.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 56.5% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-56.45%

3Y-63.3%

TTM-63.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-18.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM-10.76%

ROCE

10Y Avg-418.64%

5Y Avg-227.44%

3Y Avg-193.81%

Latest-61.32%

Peer Comparison

Appalachian Met Coal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METCRamaco Resources, Inc.	1.19B	21.53	102.52	-3.93%	-5.67%	-6.24%	3.69%	0.29
METCBRamaco Resources, Inc.	146.28M	13.30	63.33	-3.93%	-5.67%	-6.24%	39.26%	0.28
AMRAlpha Metallurgical Resources, Inc.	3.21B	249.65	17.48	-14.81%	-2.09%	-2.92%	11.87%	0.00
ARECAmerican Resources Corporation	366.99M	3.56	-6.85	-97.1%	-275.14%

Profit & Loss

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	62.43K	147.28K	20.82M	31.52M	24.48M	1.06M	7.76M	39.47M	13.23M	383.23K
Revenue Growth %	-	1.36%	140.37%	0.51%	-0.22%	-0.96%	6.32%	4.09%	-0.66%	-0.97%
Cost of Goods Sold+	60.22K	80.92K	21.32M	28.17M	30.31M	5.11M	8.4M	25.47M	11.98M	2.56M
COGS % of Revenue	0.96%	0.55%	1.02%	0.89%	1.24%	4.82%	1.08%	0.65%	0.91%	6.69%
Gross Profit+	2.21K	66.36K	-497.58K	3.36M	-5.83M	-4.05M	-639.79K	14M	1.25M	-2.18M
Gross Margin %	0.04%	0.45%	-0.02%	0.11%	-0.24%	-3.82%	-0.08%	0.35%	0.09%	-5.69%
Gross Profit Growth %	-	29.07%	-8.5%	7.75%	-2.74%	0.31%	0.84%	22.88%	-0.91%	-2.74%
Operating Expenses+	407.09K	376.88K	13.27M	15.66M	54.12M	12.4M	27.58M	33.49M	37.63M	30.91M
OpEx % of Revenue	6.52%	2.56%	0.64%	0.5%	2.21%	11.7%	3.56%	0.85%	2.84%	80.66%
Selling, General & Admin	376.93K	338.38K	8.92M	11.35M	19.1M	7.56M	23.26M	5.12M	12.21M	23.65M
SG&A % of Revenue	6.04%	2.3%	0.43%	0.36%	0.78%	7.14%	3%	0.13%	0.92%	61.71%
Research & Development	0	1.76M	6.85M	3.82M	7.24M	4M	18.1M	28.13M	11.31M	0
R&D % of Revenue	-	11.95%	0.33%	0.12%	0.3%	3.77%	2.33%	0.71%	0.85%	-
Other Operating Expenses	30.17K	-550	343.1K	491.44K	27.79M	838.67K	-13.78M	230.22K	14.1M	7.26M
Operating Income+	-404.89K	-754.91K	-14.02M	-12.3M	-59.95M	-16.45M	-28.22M	-19.49M	-36.38M	-33.09M
Operating Margin %	-6.49%	-5.13%	-0.67%	-0.39%	-2.45%	-15.52%	-3.64%	-0.49%	-2.75%	-86.34%
Operating Income Growth %	-3.77%	-0.86%	-17.57%	0.12%	-3.87%	0.73%	-0.72%	0.31%	-0.87%	0.09%
EBITDA+	-374.72K	-716.41K	-10.96M	-8M	-53.71M	-11.61M	-23.9M	-15.96M	-32.83M	-27.99M
EBITDA Margin %	-6%	-4.86%	-0.53%	-0.25%	-2.19%	-10.96%	-3.08%	-0.4%	-2.48%	-73.03%
EBITDA Growth %	-3.63%	-0.91%	-14.29%	0.27%	-5.72%	0.78%	-1.06%	0.33%	-1.06%	0.15%
D&A (Non-Cash Add-back)	30.17K	38.5K	3.06M	4.31M	6.25M	4.84M	4.32M	3.53M	3.55M	5.1M
EBIT	-444.45K	-719.16K	-12.99M	-10.8M	-60.28M	-6.86M	-28.34M	-19.52K	-36.74M	-32.18M
Net Interest Income+	0	0	-737.11K	-1.8M	-10.47M	-3.19M	-3.94M	-1.4M	-1.96M	-6.92M
Interest Income	0	0	298.72K	164.17K	164.69K	205.86K	230.53K	30.98K	30.23K	1.1M
Interest Expense	0	0	1.04M	1.96M	10.63M	3.39M	4.17M	1.43M	1.99M	8.02M
Other Income/Expense	-19.67K	35.74K	-402.84K	-1.26M	-10.96M	6.19M	-345.46K	18.04M	-2.35M	-7.11M
Pretax Income+	-444.45K	-719.16K	-14.03M	-12.76M	-70.92M	-10.26M	-28.57M	-1.45M	-38.72M	-40.2M
Pretax Margin %	-7.12%	-4.88%	-0.67%	-0.4%	-2.9%	-9.68%	-3.68%	-0.04%	-2.93%	-104.89%
Income Tax+	-19.9K	-1.49K	343.1K	-724.34K	0	0	3.94M	0	0	0
Effective Tax Rate %	0.96%	1%	1.02%	1.01%	1%	1%	1.14%	1%	0.99%	1%
Net Income+	-424.56K	-717.67K	-14.37M	-12.91M	-70.92M	-10.26M	-32.5M	-1.45M	-38.53M	-40.11M
Net Margin %	-6.8%	-4.87%	-0.69%	-0.41%	-2.9%	-9.68%	-4.19%	-0.04%	-2.91%	-104.66%
Net Income Growth %	-3.77%	-0.69%	-19.02%	0.1%	-4.49%	0.86%	-2.17%	0.96%	-25.65%	-0.04%
Net Income (Continuing)	-444.45K	-719.16K	-14.03M	-12.76M	-70.92M	-10.26M	-32.5M	-1.45M	-38.72M	-40.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	540.47K	71.29K	397.86K	0	0	0	0	0	-1.47M	-1.56M
EPS (Diluted)+	-0.58	-0.86	-18.13	-3.67	-3.47	-0.35	-0.59	-0.02	-0.15	-0.52
EPS Growth %	-0.53%	-0.48%	-20.08%	0.8%	0.05%	0.9%	-0.69%	0.96%	-5.88%	-2.47%
EPS (Basic)	-0.58	-0.86	-18.13	-3.67	-3.47	-0.35	-0.59	-0.02	-0.15	-0.52
Diluted Shares Outstanding	737.92K	836.63K	792.39K	3.51M	24.09M	29.36M	55.22M	66.32M	75.42M	77.22M
Basic Shares Outstanding	737.92K	836.63K	792.39K	3.51M	24.09M	29.36M	55.22M	66.32M	75.42M	77.22M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	644.39K	90.98K	2.7M	4.26M	3.18M	11.22M	15.3M	12.77M	37.8M	11.33M
Cash & Short-Term Investments	640.24K	83.81K	186.72K	2.29M	3.32K	10.62M	11.49M	10.87M	2.67M	1.19M
Cash Only	444.77K	48.79K	186.72K	2.29M	3.32K	10.62M	11.49M	10.87M	1.32M	604.49K
Short-Term Investments	195.46K	35.02K	0	0	0	0	0	0	1.35M	587.36K
Accounts Receivable	0	2.21K	1.9M	1.66M	2.66M	272.89K	3.18M	660.75K	741.24K	1.17M
Days Sales Outstanding	-	5.48	33.32	19.2	39.65	93.99	149.46	6.11	20.44	1.12K
Inventory	4.16K	4.96K	615.1K	163.8K	515.63K	150.5K	0	446.69K	129.99K	959.99K
Days Inventory Outstanding	25.19	22.37	10.53	2.12	6.21	10.76	-	6.4	3.96	136.74
Other Current Assets	0	0	30.02K	0	234.24K	0	5K	0	34.26M	8M
Total Non-Current Assets+	485.88K	6K	15.56M	37.1M	32.05M	27.2M	27.57M	43.15M	26.92M	193.69M
Property, Plant & Equipment	4K	6K	11.12M	32.57M	27.67M	22.5M	23.63M	22.15M	21.55M	39.29M
Fixed Asset Turnover	15.63x	24.57x	1.87x	0.97x	0.88x	0.05x	0.33x	1.78x	0.61x	0.01x
Goodwill	361.05K	0	0	0	0	0	0	0	0	0
Intangible Assets	120.83K	0	0	0	0	0	450.22K	0	0	0
Long-Term Investments	0	0	4.44M	4.53M	4.38M	0	2.5M	18.78M	3.48M	1.71M
Other Non-Current Assets	0	0	0	0	0	4.7M	995.19K	2.22M	1.9M	152.69M
Total Assets+	1.13M	96.97K	18.26M	41.36M	35.23M	38.42M	42.87M	55.92M	64.73M	205.01M
Asset Turnover	0.06x	1.52x	1.14x	0.76x	0.69x	0.03x	0.18x	0.71x	0.20x	0.00x
Asset Growth %	9.24%	-0.91%	187.34%	1.26%	-0.15%	0.09%	0.12%	0.3%	0.16%	2.17%
Total Current Liabilities+	68.09K	168.5K	35.42M	26.43M	45.01M	20.93M	16.54M	27.43M	77.01M	84.8M
Accounts Payable	14.39K	10.17K	5.36M	8.12M	11.04M	4.29M	3.25M	4.92M	3.37M	4.25M
Days Payables Outstanding	87.2	45.88	91.78	105.24	133	306.51	141.11	70.45	102.71	605.03
Short-Term Debt	18.55K	50K	9.65M	14.31M	28.05M	11.07M	5.86M	11.7M	45.68M	45.71M
Deferred Revenue (Current)	33.95K	35.34K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	0	0	2.12M	2.41M	2.33M	0	0	0	7.59M	6.59M
Current Ratio	9.46x	0.54x	0.08x	0.16x	0.07x	0.54x	0.93x	0.47x	0.49x	0.13x
Quick Ratio	9.40x	0.51x	0.06x	0.16x	0.06x	0.53x	0.93x	0.45x	0.49x	0.12x
Cash Conversion Cycle	-	-18.03	-47.93	-83.91	-87.14	-201.76	-	-57.93	-78.31	649.77
Total Non-Current Liabilities+	0	0	22.93M	24.13M	22.93M	37.49M	28.68M	28.2M	32.72M	202.12M
Long-Term Debt	0	0	5.08M	7.92M	5.42M	19.63M	9.17M	0	486.56K	151.84M
Capital Lease Obligations	0	0	0	0	0	0	548.48K	7.9M	849.46K	21.78M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	17.85M	16.21M	17.51M	17.86M	18.97M	20.3M	31.39M	28.5M
Total Liabilities	68.09K	168.5K	58.36M	50.56M	67.93M	58.42M	45.22M	55.63M	109.73M	286.92M
Total Debt+	18.55K	50K	14.73M	22.23M	33.46M	30.7M	15.72M	23.49M	47.1M	220.51M
Net Debt	-69.43K	1.21K	14.54M	19.94M	33.46M	20.09M	4.23M	12.62M	45.78M	219.91M
Debt / Equity	0.02x	-	-	-	-	-	-	82.52x	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-13.53x	-6.28x	-5.64x	-4.84x	-6.77x	-13.66x	-18.30x	-4.13x
Total Equity+	1.06M	-71.53K	-40.09M	-9.2M	-32.7M	-20.01M	-2.35M	284.7K	-45.01M	-81.91M
Equity Growth %	8.89%	-1.07%	-559.53%	0.77%	-2.55%	0.39%	0.88%	1.12%	-159.08%	-0.82%
Book Value per Share	1.44	-0.09	-50.60	-2.62	-1.36	-0.68	-0.04	0.00	-0.60	-1.06
Total Shareholders' Equity	521.71K	-142.82K	-40.49M	-9.2M	-32.7M	-20.01M	-2.35M	284.7K	-43.53M	-80.35M
Common Stock	2.5K	2.52K	89	1.78K	2.74K	4.3K	6.51K	6.68K	7.63K	7.8K
Retained Earnings	-513.49K	-1.23M	-42.02M	-52.12M	-123.03M	-133.29M	-165.79M	-167.24M	-225.29M	-266.76M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	540.47K	71.29K	397.86K	0	0	0	0	0	-1.47M	-1.56M

Cash Flow

	Sep 2015	Sep 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-87.64K	-100.44K	-5.64M	-3.37M	-19.21M	-13.85M	-29.09M	2.55M	-20.1M	-22.23M
Operating CF Margin %	-1.4%	-0.68%	-0.27%	-0.11%	-0.78%	-13.07%	-3.75%	0.06%	-1.52%	-57.99%
Operating CF Growth %	-0.07%	-0.15%	-55.2%	0.4%	-4.71%	0.28%	-1.1%	1.09%	-8.89%	-0.11%
Net Income	-444.45K	-643.37K	-14.03M	-12.76M	-70.92M	-10.26M	-32.27M	-1.45M	-38.25M	-40.2M
Depreciation & Amortization	30.17K	38.5K	2.56M	2.94M	6.25M	2.79M	3.23M	3.53M	3.55M	5.1M
Stock-Based Compensation	242.7K	53.15K	50K	782.22K	377.25K	230.05K	1.09M	0	3.29M	3.73M
Deferred Taxes	-260.31K	335.33K	-137.43K	0	32.58M	1.22M	397.03K	0	0	0
Other Non-Cash Items	299.88K	50K	2.32M	1.09M	10.74M	-4.19M	1.31M	-4.36M	105.06K	1.59M
Working Capital Changes	44.38K	65.94K	3.59M	4.58M	1.77M	-3.65M	-2.85M	4.83M	11.21M	7.55M
Change in Receivables	200	-2.75M	882.64K	531.88K	-1M	2.39M	-3.03M	2.51M	308.51K	-622.67K
Change in Inventory	-4.16K	-803	-615.1K	451.3K	-351.83K	365.13K	150.5K	-446.69K	316.7K	-830K
Change in Payables	14.39K	0	3.1M	2.97M	1.41M	-4.4M	200.13K	2.72M	-3.37M	6M
Cash from Investing+	-179.13K	36.95K	381.76K	-10.64K	322.75K	417.86K	-5.92M	-1.13M	-5.63M	55.98K
Capital Expenditures	-5K	-3K	-173.43K	-133.36K	-327.25K	417.86K	-3.07M	16.91M	-3.62M	-1.06M
CapEx % of Revenue	0.08%	0.02%	0.01%	0%	0.01%	0.39%	0.4%	0.43%	0.27%	2.76%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5K	-3K	555.19K	122.72K	0	0	-350K	250.98K	1.85M	0
Cash from Financing+	628.72K	-332.49K	4.67M	5.7M	16.45M	24.36M	36.4M	-1.02M	45.61M	146.66M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-333	-2.72K	0	0	0	0	0	0	0	-1.36M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	487.92K	-311.22K	17.02K	-477.07K	1.48M	-1.81M	4.35M	0	45.13M	1.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-92.63K	-103.44K	-5.82M	-3.5M	-19.53M	-13.85M	-32.16M	2.55M	-23.72M	-23.28M
FCF Margin %	-1.48%	-0.7%	-0.28%	-0.11%	-0.8%	-13.07%	-4.15%	0.06%	-1.79%	-60.76%
FCF Growth %	-0.13%	-0.12%	-55.24%	0.4%	-4.58%	0.29%	-1.32%	1.08%	-10.3%	0.02%
FCF per Share	-0.13	-0.12	-7.34	-1.00	-0.81	-0.47	-0.58	0.04	-0.31	-0.30
FCF Conversion (FCF/Net Income)	0.21x	0.14x	0.39x	0.26x	0.27x	1.35x	0.90x	-1.76x	0.52x	0.55x
Interest Paid	0	0	0	0	0	0	0	23.17K	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-72.6%	-144.89%	-	-	-	-	-	-507.8%	-	-
Return on Invested Capital (ROIC)	-85.66%	-200.19%	-	-85.94%	-782.57%	-2956.38%	-2152.61%	-197.63%	-398.83%	-35.77%
Gross Margin	3.54%	45.06%	-2.39%	10.65%	-23.82%	-381.96%	-8.25%	35.47%	9.46%	-568.65%
Net Margin	-680.07%	-487.28%	-69.01%	-40.95%	-289.73%	-967.81%	-419.12%	-3.66%	-291.12%	-10465.91%
Debt / Equity	0.02x	-	-	-	-	-	-	82.52x	-	-
Interest Coverage	-	-	-13.53x	-6.28x	-5.64x	-4.84x	-6.77x	-13.66x	-18.30x	-4.13x
FCF Conversion	0.21x	0.14x	0.39x	0.26x	0.27x	1.35x	0.90x	-1.76x	0.52x	0.55x
Revenue Growth	-	135.92%	14036.82%	51.41%	-22.35%	-95.67%	631.85%	409%	-66.47%	-97.1%

Frequently Asked Questions

Growth & Financials

American Resources Corporation (AREC) reported $0.1M in revenue for fiscal year 2024.

American Resources Corporation (AREC) saw revenue decline by 97.1% over the past year.

American Resources Corporation (AREC) reported a net loss of $39.9M for fiscal year 2024.

Dividend & Returns

Yes, American Resources Corporation (AREC) pays a dividend with a yield of 0.50%. This makes it attractive for income-focused investors.

American Resources Corporation (AREC) had negative free cash flow of $7.0M in fiscal year 2024, likely due to heavy capital investments.