Connecticut Water Service (Connecticut Water Service) Inventory Turnover : 7.68 (As of Jun. 2019)

View and export this data going back to 1959. Start your Free Trial

What is Connecticut Water Service Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Connecticut Water Service's Cost of Goods Sold for the three months ended in Jun. 2019 was $12.8 Mil. Connecticut Water Service's Average Total Inventories for the quarter that ended in Jun. 2019 was $1.7 Mil. Connecticut Water Service's Inventory Turnover for the quarter that ended in Jun. 2019 was 7.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Connecticut Water Service's Days Inventory for the three months ended in Jun. 2019 was 11.87.

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. Connecticut Water Service's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.05.

Connecticut Water Service Inventory Turnover Historical Data

The historical data trend for Connecticut Water Service's Inventory Turnover 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.

Connecticut Water Service Inventory Turnover Chart

Connecticut Water Service Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

Get a 7-Day Free Trial

27.37

30.12

31.79

Connecticut Water Service Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															7.72	7.15	8.07	7.71	7.68

Connecticut Water Service Inventory Turnover Calculation

Connecticut Water Service's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	52.006	/ (	(1.593	+	1.679)	/	2 )
=	52.006	/	1.636
=	31.79

Connecticut Water Service's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	12.803	/ (	(1.675	+	1.657)	/	2 )
=	12.803	/	1.666
=	7.68

Connecticut Water Service (NAS:CTWS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Connecticut Water Service's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	1.666	/	12.803	*	365 / 4
	=	11.87

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.

Connecticut Water Service's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	1.666	/	30.664
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Connecticut Water Service Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Connecticut Water Service's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Connecticut Water Service (Connecticut Water Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Connecticut Water Service Inc (NAS:CTWS) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

93 West Main Street, Clinton, CT, USA, 06413

Website

http://www.ctwater.com

Connecticut Water Service Inc is a water utility that operates in the northeastern region of the United States, specifically Connecticut and Maine. The company has various subsidiaries and divisions, including water operations, which supplies public drinking water; real estate transactions, which sells real estate holdings; and service rentals, which sells contracted water and wastewater services. The major customers of the firm are residential, commercial, fire protection, public authority, and industrial entities. The majority of the company's revenue is derived from its water operations segment and residential customers.

Executives

Ellen C Wolf	director	C/O AMERICAN WATER WORKS CO INC, 1025 LAUREL OAK RD P O BOX 1770, VOORHEES NJ 08043
Maureen P Westbrook	officer: VP, Customer & Reg Affairs	93 WEST MAIN ST, CLINTON CT 06413
A Kristen Johnson	officer: V.P. Human Resources	C/O CONNECTICUT WATER SERVICE, INC., 93 WEST MAIN STREET, CLINTON CT 06413
Mary Ann Hanley	director	93 WEST MAIN STREET, CLINTON CT 06413
Carol P Wallace	director	93 WEST MAIN STREET, CLINTON CT 06413
Hunt Heather	director	93 WEST MAIN STREET, CLINTON CT 06413
David C Benoit	officer: President & CEO	93 WEST MAIN ST, CLINTON CT 06413
Eric W Thornburg	director, officer: President/CEO/Chairman	13165 TEN OAK COURT, SARATOGA CA 95070
Judith Kelly	officer: Div. Pres. Maine Water	C/O NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240