OTTR (Otter Tail) Change In Inventory : $-10 Mil (TTM As of Sep. 2024)

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What is Otter Tail Change In Inventory?

Otter Tail's change in inventory for the quarter that ended in Sep. 2024 was $9 Mil. It means Otter Tail's inventory declined by $9 Mil from Jun. 2024 to Sep. 2024 .

Otter Tail's change in inventory for the fiscal year that ended in Dec. 2023 was $-2 Mil. It means Otter Tail's inventory increased by $2 Mil from Dec. 2022 to Dec. 2023 .

Otter Tail's Total Inventories for the quarter that ended in Sep. 2024 was $153 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Otter Tail's Days Inventory for the quarter that ended in Sep. 2024 was 79.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Otter Tail's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.15.

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. Otter Tail's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.47.

Otter Tail Change In Inventory Historical Data

The historical data trend for Otter Tail'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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Otter Tail Change In Inventory Chart

Otter Tail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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8.42

5.69

-54.31

5.34

-2.45

Otter Tail Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															2.48	-7.32	1.92	-13.47	9.35

Otter Tail 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10 Mil.

Otter Tail (NAS:OTTR) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	157.51	/	180.907	*	365 / 4
	=	79.45

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

Otter Tail's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	180.907	/	157.51
	=	1.15

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.

Otter Tail's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	157.51	/	338.033
	=	0.47

Otter Tail Change In Inventory Related Terms

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Otter Tail Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Otter Tail Corp (NAS:OTTR) » Definitions » Change In Inventory

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Address

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496

Website

https://www.ottertail.com

Otter Tail Corp is a U.S. energy company that operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

Executives

Jennifer O. Smestad	officer: VP, Gen Coun & Corp Sec	215 S. CASCADE STREET, FERGUS FALLS MN 56537
Paul L Knutson	officer: VP of Human Resources	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John D Erickson	director, officer: President & CEO	215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe	director	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott	officer: Pres Varistar, Sr VP, M/I Plat	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug	officer: CFO & Treasurer	215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb	director	ONE ENERGY PLAZA, JACKSON MI 49201
George A Koeck	officer: Corp Secretary & Gen Counsel	215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad	officer: Sr VP, Elect Plat; Pres OTP	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze	director	370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe	director	215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson	director	215 S CASCADE STREET, FERGUS FALLS MN 56537-2801