South Jersey Industries (South Jersey Industries) Days Inventory : 15.75 (As of Sep. 2022)

View and export this data going back to 1970. Start your Free Trial

What is South Jersey Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). South Jersey Industries's Average Total Inventories for the three months ended in Sep. 2022 was $96 Mil. South Jersey Industries's Cost of Goods Sold for the three months ended in Sep. 2022 was $557 Mil. Hence, South Jersey Industries's Days Inventory for the three months ended in Sep. 2022 was 15.75.

The historical rank and industry rank for South Jersey Industries's Days Inventory or its related term are showing as below:

SJI' s Days Inventory Range Over the Past 10 Years
Min: 11.92 Med: 20.59 Max: 54.89
Current: 11.92

During the past 13 years, South Jersey Industries's highest Days Inventory was 54.89. The lowest was 11.92. And the median was 20.59.

SJI's Days Inventory is not ranked
in the Utilities - Regulated industry.
Industry Median: 22.67 vs SJI: 11.92

South Jersey Industries's Days Inventory increased from Sep. 2021 (14.09) to Sep. 2022 (15.75). It might indicate that South Jersey Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. South Jersey Industries's Inventory Turnover for the three months ended in Sep. 2022 was 5.80.

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. South Jersey Industries's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.16.

South Jersey Industries Days Inventory Historical Data

The historical data trend for South Jersey Industries'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.

* Premium members only.

South Jersey Industries Days Inventory Chart

South Jersey Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

Get a 7-Day Free Trial

13.76

19.28

16.39

15.70

12.43

South Jersey Industries Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial															14.09	12.78	6.33	8.66	15.75

Competitive Comparison of South Jersey Industries's Days Inventory

For the Utilities - Diversified subindustry, South Jersey Industries'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.

South Jersey Industries's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, South Jersey Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where South Jersey Industries's Days Inventory falls into.

South Jersey Industries Days Inventory Calculation

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

South Jersey Industries's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (42.001	+	60.797)	/	2 )	/	1509.663	*	365
=	51.399					/	1509.663	*	365
=	12.43

South Jersey Industries's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (71.248	+	120.902)	/	2 )	/	556.78	*	365 / 4
=	96.075					/	556.78	*	365 / 4
=	15.75

South Jersey Industries (NYSE:SJI) 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.

South Jersey Industries's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	556.78	/	96.075
	=	5.80

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.

South Jersey Industries's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	96.075	/	608.518
	=	0.16

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.

South Jersey Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of South Jersey Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

South Jersey Industries (South Jersey Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » South Jersey Industries Inc (NYSE:SJI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Jersey Plaza, Folsom, NJ, USA, 08037

Website

https://www.sjindustries.com

South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.

Executives

G Edison Holland	director	270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Kevin M. O'dowd	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Eric Moss Stein	officer: SVP, General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Leonard Jr Brinson	officer: SVP, Chief Information Officer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Karen L Phillips	officer: SVP, Human Resources	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Christopher Paladino	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sheila Hartnett-devlin	director, Director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sunita Holzer	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Kathleen D Larkin	officer: SVP & CHRO	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Cielo Hernandez	officer: SVP & CFO	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Ann T Anthony	officer: Treasurer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Walter M Higgins	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Michael J Renna	officer: Vice President	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Melissa Orsen	officer: SVP & General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Steven R Cocchi	officer: SVP, Strategy & Growth	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037