AltaGas (FRA:AQ3) Change In Inventory : €164 Mil (TTM As of Dec. 2023)

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What is AltaGas Change In Inventory?

AltaGas's change in inventory for the quarter that ended in Dec. 2023 was €-2 Mil. It means AltaGas's inventory increased by €2 Mil from Sep. 2023 to Dec. 2023 .

AltaGas's change in inventory for the fiscal year that ended in Dec. 2023 was €165 Mil. It means AltaGas's inventory declined by €165 Mil from Dec. 2022 to Dec. 2023 .

AltaGas's Total Inventories for the quarter that ended in Dec. 2023 was €579 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AltaGas's Days Inventory for the quarter that ended in Dec. 2023 was 31.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. AltaGas's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.94.

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. AltaGas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

AltaGas Change In Inventory Historical Data

The historical data trend for AltaGas'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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AltaGas Change In Inventory Chart

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.37

20.54

-160.41

-225.14

165.41

AltaGas 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	Get a 7-Day Free Trial															67.40	236.86	-1.39	-69.25	-2.05

AltaGas 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 €164 Mil.

AltaGas (FRA:AQ3) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	585.5045	/	1719.033	*	365 / 4
	=	31.08

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1719.033	/	585.5045
	=	2.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	585.5045	/	2247.388
	=	0.26

AltaGas Change In Inventory Related Terms

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AltaGas (FRA:AQ3) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (FRA:AQ3) » Definitions » Change In Inventory

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ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada ALA:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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