NXT Energy Solutions (TSX:SFD) Change In Inventory : C$0.00 Mil (TTM As of Sep. 2024)

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What is NXT Energy Solutions Change In Inventory?

NXT Energy Solutions's change in inventory for the quarter that ended in Sep. 2024 was C$0.00 Mil. It means NXT Energy Solutions's inventory stayed the same from Jun. 2024 to Sep. 2024 .

NXT Energy Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was C$0.00 Mil. It means NXT Energy Solutions's inventory stayed the same from Dec. 2022 to Dec. 2023 .

NXT Energy Solutions's Total Inventories for the quarter that ended in Sep. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NXT Energy Solutions's Days Inventory for the quarter that ended in Sep. 2024 was 0.00.

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

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.

NXT Energy Solutions Change In Inventory Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions Change In Inventory Chart

NXT Energy Solutions Annual Data

Trend

Dec14

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Change In Inventory

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NXT Energy Solutions 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															-	-	-	-	-

NXT Energy Solutions 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 C$0.00 Mil.

NXT Energy Solutions (TSX:SFD) Change In Inventory Explanation

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

NXT Energy Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.821	*	365 / 4
	=	0.00

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

NXT Energy Solutions's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.821	/	0
	=	N/A

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.

NXT Energy Solutions's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=	N/A

NXT Energy Solutions Change In Inventory Related Terms

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NXT Energy Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NXT Energy Solutions Inc (TSX:SFD) » Definitions » Change In Inventory

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

https://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Executives

Chee Pheng Cheng	10% Security Holder
Bruce G. Wilcox	Director, Senior Officer
John Tilson	Director
Eugene Darryl Woychyshyn	Senior Officer

NXT Energy Solutions Headlines

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