Days Inventory is also known as Days Sales of Inventory (DSI). New Jersey Resources's Average Total Inventories for the
three
months ended in Dec. 2023 was $226 Mil. New Jersey Resources's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $272 Mil.
Hence, New Jersey Resources's Days Inventory for the
three
months ended in Dec. 2023 was 75.69.
The historical rank and industry rank for New Jersey Resources's Days Inventory or its related term are showing as below:
NJR'
s Days Inventory Range Over the Past 10 Years
Min: 29.06 Med: 40.45 Max: 70.23
Current: 66.07
During the past 13 years, New Jersey Resources's highest Days Inventory was 70.23. The lowest was 29.06. And the median was 40.45.
NJR's Days Inventory is ranked worse than 83.01% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.67
vs NJR: 66.07
New Jersey Resources's Days Inventory
increased
from Dec. 2022 (52.44) to Dec. 2023 (75.69).
It might indicate that New Jersey Resources's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Jersey Resources's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.21.
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.
New Jersey Resources's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.48.
New Jersey Resources Days Inventory Historical Data
The historical data trend for New Jersey Resources's Days 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.
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Jersey Resources Days Inventory Distribution
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Days Inventory falls into.
New Jersey Resources Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
New Jersey Resources's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
New Jersey Resources (NYSE:NJR) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
New Jersey Resources's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
New Jersey Resources's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
New Jersey Resources Days Inventory Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
New Jersey Resources (New Jersey Resources) Business Description
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
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