Transportadora de Gas del Norte (BUE:TGNO2) Inventory Turnover : 23.87 (As of Mar. 2024)

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What is Transportadora de Gas del Norte 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. Transportadora de Gas del Norte's Cost of Goods Sold for the three months ended in Mar. 2024 was ARS31,168 Mil. Transportadora de Gas del Norte's Average Total Inventories for the quarter that ended in Mar. 2024 was ARS1,306 Mil. Transportadora de Gas del Norte's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Transportadora de Gas del Norte's Days Inventory for the three months ended in Mar. 2024 was 3.82.

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. Transportadora de Gas del Norte's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Transportadora de Gas del Norte Inventory Turnover Historical Data

The historical data trend for Transportadora de Gas del Norte'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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Transportadora de Gas del Norte Inventory Turnover Chart

Transportadora de Gas del Norte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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85.27

78.79

139.16

218.55

86.46

Transportadora de Gas del Norte Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															50.20	23.56	27.87	51.84	23.87

Transportadora de Gas del Norte Inventory Turnover Calculation

Transportadora de Gas del Norte'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 )
=	100231.845	/ (	(789.898	+	1528.608)	/	2 )
=	100231.845	/	1159.253
=	86.46

Transportadora de Gas del Norte's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	31167.928	/ (	(1528.608	+	1082.499)	/	2 )
=	31167.928	/	1305.5535
=	23.87

Transportadora de Gas del Norte (BUE:TGNO2) 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.

Transportadora de Gas del Norte's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1305.5535	/	31167.928	*	365 / 4
	=	3.82

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.

Transportadora de Gas del Norte's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1305.5535	/	27475.926
	=	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.

Transportadora de Gas del Norte Inventory Turnover Related Terms

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Transportadora de Gas del Norte (BUE:TGNO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transportadora de Gas del Norte SA (BUE:TGNO2) » Definitions » Inventory Turnover

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TGNO4:Argentina

Address

Don Bosco 3672, 3rd floor, Buenos Aires, ARG, C1206ABF

Website

https://www.tgn.com.ar

Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. The Company operates a pipeline network of more than 6,788 kilometers. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance and technical assistance of third-party pipelines.

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