Essential Utilities (Essential Utilities) Days Inventory : 56.33 (As of Dec. 2023)

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What is Essential Utilities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Essential Utilities's Average Total Inventories for the three months ended in Dec. 2023 was $120 Mil. Essential Utilities's Cost of Goods Sold for the three months ended in Dec. 2023 was $194 Mil. Hence, Essential Utilities's Days Inventory for the three months ended in Dec. 2023 was 56.33.

The historical rank and industry rank for Essential Utilities's Days Inventory or its related term are showing as below:

WTRG' s Days Inventory Range Over the Past 10 Years
Min: 14.87 Med: 18.31 Max: 61.45
Current: 50.69

During the past 13 years, Essential Utilities's highest Days Inventory was 61.45. The lowest was 14.87. And the median was 18.31.

WTRG's Days Inventory is ranked worse than
76.56% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs WTRG: 50.69

Essential Utilities's Days Inventory increased from Dec. 2022 (45.37) to Dec. 2023 (56.33). It might indicate that Essential Utilities's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Essential Utilities's Inventory Turnover for the three months ended in Dec. 2023 was 1.62.

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. Essential Utilities's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.25.

Essential Utilities Days Inventory Historical Data

The historical data trend for Essential Utilities's Days 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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Essential Utilities Days Inventory Chart

Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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18.75

20.18

34.41

46.43

61.45

Essential Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															45.37	34.21	53.16	65.80	56.33

Competitive Comparison of Essential Utilities's Days Inventory

For the Utilities - Regulated Water subindustry, Essential Utilities's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Essential Utilities's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Essential Utilities's Days Inventory distribution charts can be found below:

* The bar in red indicates where Essential Utilities's Days Inventory falls into.

Essential Utilities Days Inventory Calculation

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

Essential Utilities's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (199.735	+	112.667)	/	2 )	/	927.824	*	365
=	156.201					/	927.824	*	365
=	61.45

Essential Utilities's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (127.445	+	112.667)	/	2 )	/	194.466	*	365 / 4
=	120.056					/	194.466	*	365 / 4
=	56.33

Essential Utilities (NYSE:WTRG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Essential Utilities's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	194.466	/	120.056
	=	1.62

2. 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.

Essential Utilities's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	120.056	/	479.419
	=	0.25

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Essential Utilities Days Inventory Related Terms

Thank you for viewing the detailed overview of Essential Utilities's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Essential Utilities (Essential Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Essential Utilities Inc (NYSE:WTRG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

A2A:Germany A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.

Executives

Roderick K West	director	1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Arnold Colleen	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Chris Franklin	officer: Aqua America Southern Oper	762 W.LANCASTER AVE, BRYN MAWR PA 19010
Michael Huwar	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Ellen T Ruff	director	762, W LANCASTER AVE, BRYN MAWR PA 19010
Wilbert Bryan Lewis	director	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Robert A Rubin	officer: Chief Accounting Officer	762 W LANCASTER AVE, BRYN MAWR PA 19010
Daniel Schuller	officer: Executive Vice President	40 SACHEM ROAD, GREENWICH CT 06830
David Alan Ciesinski	director	H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
Edwina Kelly	director	510 MADISON AVENUE, 15FL, NEW YORK NY 10022
Richard Scott Fox	officer: Chief Operating Officer	14812 BALLANTYNE COUNTRY CLUB DRIVE, CHARLOTTE NC 28277
Matthew Rhodes	officer: EVP, Strategy & Corp Dev	762 LANCASTER AVE, BRYN MAWR PA 19010
Wendy Franks	director	ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Hilferty Daniel J Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Christopher Paul Luning	officer: Sr. VP, General Counsel & Sec	762 W. LANCASTER AVE, BRYN MAWR PA 19010