Corning Natural Gas Holding (Corning Natural Gas Holding) Days Inventory : 71.98 (As of Mar. 2022)

Corning Natural Gas Holding Days Inventory Chart

Corning Natural Gas Holding Annual Data
	Trend	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21
Days Inventory		Get a 7-Day Free Trial					116.49	115.78	128.46	208.86	178.72

Corning Natural Gas Holding Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Inventory	Get a 7-Day Free Trial															96.14	199.37	271.55	128.65	71.98

Competitive Comparison of Corning Natural Gas Holding's Days Inventory

For the Utilities - Regulated Gas subindustry, Corning Natural Gas Holding'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.

Corning Natural Gas Holding's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Corning Natural Gas Holding's Days Inventory falls into.

Corning Natural Gas Holding Days Inventory Calculation

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

Corning Natural Gas Holding's Days Inventory for the fiscal year that ended in Sep. 2021 is calculated as

Corning Natural Gas Holding's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

* 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.

Corning Natural Gas Holding  (OTCPK:CNIGO.PFD) 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.

Corning Natural Gas Holding's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

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.

Corning Natural Gas Holding's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

* 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

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.

Corning Natural Gas Holding Days Inventory Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description