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(1) Demonstrates our ammonia utilization prices on a consolidated foundation. Utilization is an important evaluate utilized by administration to evaluate operational output at Each individual of CVR Associates’ amenities. Utilization is calculated as genuine tons made divided by capacity. We present our utilization for the three and 9 months finished September 30, 2023 and 2022 and take into account the effects of our existing turnaround cycles on any certain interval.
Our administration takes advantage of particular non-GAAP effectiveness steps, and reconciliations to Those people steps, To guage recent and previous functionality and prospects for the longer term to supplement our financial information introduced in accordance with accounting concepts commonly recognized in The usa (“GAAP”).
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These non-GAAP economic actions are crucial elements in evaluating our operating outcomes and profitability and include things like the efficiency and liquidity actions outlined underneath.
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On the other hand, if you work less months or just take some time off, you would probably generate fewer than this volume each year.
The inventory valuation impact is calculated based on stock values at first on the accounting time period and at the end of the accounting interval. So that you can derive the stock valuation affect per total throughput barrel, we benefit from the overall dollar figures for the stock valuation affect and divide by the volume of complete throughput barrels for your period.
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