Just Energy Group (Just Energy Group) Inventory Turnover : 29.08 (As of Sep. 2022)

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What is Just Energy Group 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. Just Energy Group's Cost of Goods Sold for the three months ended in Sep. 2022 was $957 Mil. Just Energy Group's Average Total Inventories for the quarter that ended in Sep. 2022 was $33 Mil. Just Energy Group's Inventory Turnover for the quarter that ended in Sep. 2022 was 29.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Just Energy Group's Days Inventory for the three months ended in Sep. 2022 was 3.14.

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. Just Energy Group's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.05.

Just Energy Group Inventory Turnover Historical Data

The historical data trend for Just Energy Group'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.

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Just Energy Group Inventory Turnover Chart

Just Energy Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

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417.14

535.51

301.81

597.95

392.48

Just Energy Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															32.53	16.39	48.51	46.54	29.08

Just Energy Group Inventory Turnover Calculation

Just Energy Group's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	1827.978	/ (	(5.076	+	4.239)	/	2 )
=	1827.978	/	4.6575
=	392.48

Just Energy Group's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	956.87	/ (	(24.263	+	41.542)	/	2 )
=	956.87	/	32.9025
=	29.08

Just Energy Group (OTCPK:JE) 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.

Just Energy Group's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	32.9025	/	956.87	*	365 / 4
	=	3.14

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.

Just Energy Group's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	32.9025	/	684.968
	=	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.

Just Energy Group Inventory Turnover Related Terms

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Just Energy Group (Just Energy Group) Business Description

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Address

100 King Street West, Suite 2630, First Canadian Place, Toronto, ON, CAN, M5X 1E1

Website

https://investors.justenergy.com

Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy-efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.