OFG Bancorp (OFG Bancorp) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is OFG Bancorp Change In Inventory?

OFG Bancorp's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means OFG Bancorp's inventory stayed the same from Sep. 2023 to Dec. 2023 .

OFG Bancorp's change in inventory for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means OFG Bancorp's inventory stayed the same from Dec. 2022 to Dec. 2023 .

OFG Bancorp's Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. OFG Bancorp's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

OFG Bancorp Change In Inventory Historical Data

The historical data trend for OFG Bancorp's Change In 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.

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OFG Bancorp Change In Inventory Chart

OFG Bancorp Annual Data

Trend

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Change In Inventory

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OFG Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

OFG Bancorp Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

OFG Bancorp (NYSE:OFG) Change In Inventory Explanation

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

OFG Bancorp's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0	*	365 / 4
	=	N/A

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

OFG Bancorp's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=	N/A

3. 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.

OFG Bancorp's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	170.248
	=	0.00

OFG Bancorp Change In Inventory Related Terms

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OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » Change In Inventory

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OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Executives

Ganesh Kumar	officer: CFO & EVP	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz	officer: SVP & Chief Risk Officer	PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi	officer: EVP & CFO	PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan	director, DIRECTOR	P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty	officer: Managing Director Comm. Bankin	P.O.BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez	officer: Senior Executive VP	PO BOX 195115, SAN JUAN PR 00919-5115
Jorge Colon	director	PO BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia	officer: Managing Dir Customer Intelli	P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez	officer: General Counsel	P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui	director	811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115