Fortis (Fortis) Change In Inventory : $-2 Mil (TTM As of Dec. 2023)

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Fortis Change In Inventory Definition

Fortis's change in inventory for the quarter that ended in Dec. 2023 was $4 Mil. It means Fortis's inventory declined by $4 Mil from Sep. 2023 to Dec. 2023 .

Fortis's change in inventory for the fiscal year that ended in Dec. 2023 was $-1 Mil. It means Fortis's inventory increased by $1 Mil from Dec. 2022 to Dec. 2023 .

Fortis's Total Inventories for the quarter that ended in Dec. 2023 was $422 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortis's Days Inventory for the quarter that ended in Dec. 2023 was 58.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortis's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

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. Fortis's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Fortis Change In Inventory Historical Data

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

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-9.87

-28.11

-43.75

-112.62

-0.75

Fortis 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															15.46	66.51	-21.83	-50.99	4.47

Fortis 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 $-2 Mil.

Fortis (NYSE:FTS) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	428.221	/	670.095	*	365 / 4
	=	58.31

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	670.095	/	428.221
	=	1.56

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	428.221	/	2150.417
	=	0.20

Fortis Change In Inventory Related Terms

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Fortis (Fortis) Business Description

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Address

5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.