What is Natural Gas Services Group Inventory-to-Revenue?
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. Natural Gas Services Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $23.9 Mil. Natural Gas Services Group's Revenue for the
three
months ended in Dec. 2023 was $36.2 Mil.
Natural Gas Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.
Natural Gas Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.86) to Sep. 2023 (0.66)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Natural Gas Services Group's Days Inventory for the
three
months ended in Dec. 2023 was 94.23.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Natural Gas Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.
Natural Gas Services Group Inventory-to-Revenue Historical Data
* 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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Natural Gas Services Group Inventory-to-Revenue Chart
Competitive Comparison of Natural Gas Services Group's Inventory-to-Revenue
For the Oil & Gas Equipment & Services subindustry, Natural Gas Services Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Natural Gas Services Group's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Natural Gas Services Group's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Natural Gas Services Group's Inventory-to-Revenue falls into.
Natural Gas Services Group Inventory-to-Revenue Calculation
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.
Natural Gas Services Group's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Natural Gas Services Group (NYSE:NGS) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Natural Gas Services Group's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
Natural Gas Services Group Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Natural Gas Services Group's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Natural Gas Services Group (Natural Gas Services Group) Business Description
Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufacture, fabricate, rent, sell and maintain natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.
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