New Jersey Resources (FRA:NJ1) Days Inventory : 72.87 (As of Dec. 2024)

View and export this data going back to 2008. Start your Free Trial

What is New Jersey Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Jersey Resources's Average Total Inventories for the three months ended in Dec. 2024 was €218 Mil. New Jersey Resources's Cost of Goods Sold for the three months ended in Dec. 2024 was €273 Mil. Hence, New Jersey Resources's Days Inventory for the three months ended in Dec. 2024 was 72.87.

The historical rank and industry rank for New Jersey Resources's Days Inventory or its related term are showing as below:

FRA:NJ1' s Days Inventory Range Over the Past 10 Years
Min: 29.06 Med: 41.72 Max: 76.2
Current: 62.9

During the past 13 years, New Jersey Resources's highest Days Inventory was 76.20. The lowest was 29.06. And the median was 41.72.

FRA:NJ1's Days Inventory is ranked worse than
80.45% of 445 companies
in the Utilities - Regulated industry
Industry Median: 24 vs FRA:NJ1: 62.90

New Jersey Resources's Days Inventory declined from Dec. 2023 (76.52) to Dec. 2024 (72.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. New Jersey Resources's Inventory Turnover for the three months ended in Dec. 2024 was 1.25.

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. New Jersey Resources's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.47.

New Jersey Resources Days Inventory Historical Data

The historical data trend for New Jersey Resources'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.

* Premium members only.

New Jersey Resources Days Inventory Chart

New Jersey Resources Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Inventory

Get a 7-Day Free Trial

44.39

42.57

37.38

73.32

77.69

New Jersey Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															76.52	36.55	56.74	92.39	72.87

Competitive Comparison of New Jersey Resources's Days Inventory

For the Utilities - Regulated Gas subindustry, New Jersey Resources'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.

New Jersey Resources's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where New Jersey Resources's Days Inventory falls into.

Save Embed

;

Save Embed

;

New Jersey Resources Days Inventory Calculation

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

New Jersey Resources's Days Inventory for the fiscal year that ended in Sep. 2024 is calculated as

	Days Inventory (A: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (212.252	+	214.086)	/	2 )	/	1001.499	*	365
=	213.169					/	1001.499	*	365
=	77.69

New Jersey Resources's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (214.086	+	221.906)	/	2 )	/	272.976	*	365 / 4
=	217.996					/	272.976	*	365 / 4
=	72.87

New Jersey Resources (FRA:NJ1) 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.

New Jersey Resources's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	272.976	/	217.996
	=	1.25

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.

New Jersey Resources's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	217.996	/	466.385
	=	0.47

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.

New Jersey Resources Days Inventory Related Terms

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

New Jersey Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » New Jersey Resources Corp (FRA:NJ1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NJR:USA

Address

1415 Wyckoff Road, Wall, NJ, USA, 07719

Website

https://www.njresources.com

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.

New Jersey Resources Headlines

No Headlines