Enbridge (Enbridge) Change In Inventory

: $0.00 Mil (TTM As of Dec. 2023)

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Enbridge's change in inventory for the quarter that ended in Dec. 2023 was $0.00 Mil. It means Enbridge's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Enbridge's change in inventory for the fiscal year that ended in Dec. 2023 was $568.72 Mil. It means Enbridge's inventory declined by $568.72 Mil from Dec. 2022 to Dec. 2023 .

Enbridge's Total Inventories for the quarter that ended in Dec. 2023 was $1,102.42 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enbridge's Days Inventory for the quarter that ended in Dec. 2023 was 21.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Enbridge's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.32.

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. Enbridge's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Enbridge Change In Inventory Historical Data

The historical data trend for Enbridge'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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Enbridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-18.23

-198.30

-92.19

-440.93

568.72

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																-	-	-	-	-

Enbridge 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 $0.00 Mil.

Enbridge (OTCPK:EBGEF.PFD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1129.8785	/	4885.212	*	365 / 4
	=	21.10

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4885.212	/	1129.8785
	=	4.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1129.8785	/	8421.288
	=	0.13

Enbridge Change In Inventory Related Terms

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Enbridge (Enbridge) Business Description

Industry

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Comparable Companies

Address

425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8

Website

https://www.enbridge.com

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.