Northwest Natural Holding Co (Northwest Natural Holding Co) Inventory Turnover : 2.23 (As of Dec. 2023)

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What is Northwest Natural Holding Co 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. Northwest Natural Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $231 Mil. Northwest Natural Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $104 Mil. Northwest Natural Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northwest Natural Holding Co's Days Inventory for the three months ended in Dec. 2023 was 40.92.

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. Northwest Natural Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Northwest Natural Holding Co Inventory Turnover Historical Data

The historical data trend for Northwest Natural Holding Co'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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Northwest Natural Holding Co Inventory Turnover Chart

Northwest Natural Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.52

10.92

10.63

9.64

8.24

Northwest Natural Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.66	4.62	3.28	1.43	2.23

Northwest Natural Holding Co Inventory Turnover Calculation

Northwest Natural Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	822.274	/ (	(87.096	+	112.571)	/	2 )
=	822.274	/	99.8335
=	8.24

Northwest Natural Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	231.002	/ (	(94.585	+	112.571)	/	2 )
=	231.002	/	103.578
=	2.23

Northwest Natural Holding Co (NYSE:NWN) 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.

Northwest Natural Holding Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	103.578	/	231.002	*	365 / 4
	=	40.92

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.

Northwest Natural Holding Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	103.578	/	355.714
	=	0.29

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.

Northwest Natural Holding Co Inventory Turnover Related Terms

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Northwest Natural Holding Co (Northwest Natural Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Northwest Natural Holding Co (NYSE:NWN) » Definitions » Inventory Turnover

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NN3:Germany

Address

250 S.W. Taylor Street, Portland, OR, USA, 97204

Website

https://www.nwnaturalholdings.com

Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through approximately 7,95,000 meters in Oregon and southwest Washington. The company generates its revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.

Executives

Jane L Peverett	director	1489 MARINE DRIVE, SUITE 802, WEST VANCOUVER A1 V7T 1B8
David A. Weber	officer: Pres. & CEO of Issuer's Sub.	250 SW TAYLOR ST, PORTLAND OR 97204
Joseph S Karney	officer: VP, Eng & Utility Operations, other: NW Natural	250 SW TAYLOR ST, PORTLAND OR 97204
David Hugo Anderson	director, officer: President & CEO
Jon G Huddleston	officer: VP, Eng. & Utility Operations	250 SW TAYLOR ST, PORTLAND OR 97204
Zachary D Kravitz	officer: VP, Rates & Regulatory, other: NW Natural	250 SW TAYLOR ST, PORTLAND OR 97204
Sandra Mcdonough	director	250 SW TAYLOR ST, PORTLAND OR 97204
James R Downing	officer: VP and CIO	250 SW TAYLOR ST, PORTLAND OR 97204
Malia H Wasson	director	220 NW SECOND AVE, PORTLAND OR 97209
Kimberly A. Heiting	officer: SVP Comm. & Chf. Mktg. Officer	250 SW TAYLOR ST, PORTLAND OR 97204
Shawn M Filippi	officer: VP, CCO & Corp. Secretary	250 SW TAYLOR ST, PORTLAND OR 97204
C Scott Gibson	director	PMB 316, PO BOX 30,000, JACKSON WY 83002
Karen Lee	director	250 SW TAYLOR ST, PORTLAND OR 97204
Nathan I Partain	director	DNP SELECT INCOME FUND INC, 55 E. MONROE, STE. 3600, CHICAGO IL 60603
Justin Palfreyman	officer: VP Strategy & Bus Dev	250 SW TAYLOR ST, PORTLAND OR 97204