Corning Natural Gas Holding (Corning Natural Gas Holding) Change In Inventory : $-1.66 Mil (TTM As of Mar. 2022)

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What is Corning Natural Gas Holding Change In Inventory?

Corning Natural Gas Holding's change in inventory for the quarter that ended in Mar. 2022 was $-0.23 Mil. It means Corning Natural Gas Holding's inventory increased by $0.23 Mil from Dec. 2021 to Mar. 2022 .

Corning Natural Gas Holding's change in inventory for the fiscal year that ended in Sep. 2021 was $-0.82 Mil. It means Corning Natural Gas Holding's inventory increased by $0.82 Mil from Sep. 2020 to Sep. 2021 .

Corning Natural Gas Holding's Total Inventories for the quarter that ended in Mar. 2022 was $5.52 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Corning Natural Gas Holding's Days Inventory for the quarter that ended in Mar. 2022 was 71.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corning Natural Gas Holding's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.27.

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. Corning Natural Gas Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.32.

Corning Natural Gas Holding Change In Inventory Historical Data

The historical data trend for Corning Natural Gas Holding'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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Corning Natural Gas Holding Change In Inventory Chart

Corning Natural Gas Holding Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Change In Inventory

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-0.41

-0.72

-0.55

0.11

-0.82

Corning Natural Gas Holding Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Change In Inventory	Get a 7-Day Free Trial															0.37	-0.41	-0.70	-0.32	-0.23

Corning Natural Gas Holding 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.66 Mil.

Corning Natural Gas Holding (OTCPK:CNIGP.PFD) Change In Inventory Explanation

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

Corning Natural Gas Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.402	/	6.848	*	365 / 4
	=	71.98

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

Corning Natural Gas Holding's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.848	/	5.402
	=	1.27

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.

Corning Natural Gas Holding's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.402	/	16.965
	=	0.32

Corning Natural Gas Holding Change In Inventory Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGP.PFD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 West William Street, Corning, NY, USA, 14830

Website

http://www.corninggas.com

Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.

Executives

Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Michael I German	director, officer: CEO and President	C/O ENERGY EAST CORP, PO BOX 3287, ITHACA NY 14852-3287
Robert B Johnston	director
Joseph P Mirabito	director	C/O THE WILBER CORPORATION, 245 MAIN STREET, PO BOX 430, ONEONTA NY 13820
Ted W Gibson	director	330 WEST WILLIAM STREET, CORNING NY 14830
George J Welch	director	330 WEST WILLIAM ST, CORNING NY 14830
Cook Henry B Jr	director	330 WEST WILLIAM ST, CORNING NY 14830
William Mirabito	director	188 HIGHLAND TERRACE, WEST ONEONTA NY 13861
Russell S Miller	officer: SVP, Chief Information Officer
Matthew J Cook	officer: SVP & Chief Operations Officer	330 WEST WILLIAM STREET, CORNING NY 14830
Charles A. Lenns	officer: Vice President and CFO	330 WEST WILLIAM STREET, CORNING NY 14830
Stanley G Sleve	officer: Vice President Administration
Anita G Zucker	10 percent owner	4838 JENKINS AVE, N CHARLESTON SC 29405
Firouzeh Sarhangi	officer: Chief Financial Officer