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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. South Jersey Industries's Cost of Goods Sold for the three months ended in Sep. 2022 was $557 Mil. South Jersey Industries's Average Total Inventories for the quarter that ended in Sep. 2022 was $96 Mil. South Jersey Industries's Inventory Turnover for the quarter that ended in Sep. 2022 was 5.80.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. South Jersey Industries's Days Inventory for the three months ended in Sep. 2022 was 15.75.
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. South Jersey Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.16.
The historical data trend for South Jersey Industries's Inventory Turnover 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.
South Jersey Industries Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 26.53 | 18.93 | 22.27 | 23.25 | 29.37 |
South Jersey Industries Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Inventory Turnover | Get a 7-Day Free Trial | 6.48 | 7.14 | 14.41 | 10.53 | 5.80 |
South Jersey Industries's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Inventory Turnover (A: Dec. 2021 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2021 ) | / ( | (Total Inventories (A: Dec. 2020 ) | + | Total Inventories (A: Dec. 2021 )) | / | count ) |
= | 1509.663 | / ( | (42.001 | + | 60.797) | / | 2 ) |
= | 1509.663 | / | 51.399 | ||||
= | 29.37 |
South Jersey Industries's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as
Inventory Turnover (Q: Sep. 2022 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Sep. 2022 ) | / ( | (Total Inventories (Q: Jun. 2022 ) | + | Total Inventories (Q: Sep. 2022 )) | / | count ) |
= | 556.78 | / ( | (71.248 | + | 120.902) | / | 2 ) |
= | 556.78 | / | 96.075 | ||||
= | 5.80 |
* 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.
South Jersey Industries (NYSE:SJI) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
South Jersey Industries's Days Inventory for the three months ended in Sep. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2022 ) | / | Cost of Goods Sold (Q: Sep. 2022 ) | * | Days in Period |
= | 96.075 | / | 556.78 | * | 365 / 4 | |
= | 15.75 |
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.
South Jersey Industries's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2022 ) | / | Revenue (Q: Sep. 2022 ) |
= | 96.075 | / | 608.518 | |
= | 0.16 |
* 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.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of South Jersey Industries's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
G Edison Holland | director | 270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303 |
Kevin M. O'dowd | director | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Eric Moss Stein | officer: SVP, General Counsel | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Leonard Jr Brinson | officer: SVP, Chief Information Officer | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Karen L Phillips | officer: SVP, Human Resources | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Christopher Paladino | director | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Sheila Hartnett-devlin | director, Director | SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Sunita Holzer | director | SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Kathleen D Larkin | officer: SVP & CHRO | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Cielo Hernandez | officer: SVP & CFO | C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135 |
Ann T Anthony | officer: Treasurer | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Walter M Higgins | director | SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Michael J Renna | officer: Vice President | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Melissa Orsen | officer: SVP & General Counsel | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
Steven R Cocchi | officer: SVP, Strategy & Growth | 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037 |
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