New Fortress Energy (FRA:NF0) Inventory Turnover : 3.55 (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is New Fortress Energy Inventory Turnover?

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. New Fortress Energy's Cost of Goods Sold for the three months ended in Dec. 2024 was €316 Mil. New Fortress Energy's Average Total Inventories for the quarter that ended in Dec. 2024 was €89 Mil. New Fortress Energy's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Fortress Energy's Days Inventory for the three months ended in Dec. 2024 was 25.68.

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 Fortress Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.14.

New Fortress Energy Inventory Turnover Historical Data

The historical data trend for New Fortress Energy'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.

* Premium members only.

New Fortress Energy Inventory Turnover Chart

New Fortress Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

7.07

25.37

31.92

14.16

11.98

New Fortress Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															3.01	2.04	1.65	3.12	3.55

New Fortress Energy Inventory Turnover Calculation

New Fortress Energy's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1215.096	/ (	(104.248	+	98.579)	/	2 )
=	1215.096	/	101.4135
=	11.98

New Fortress Energy's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	316.132	/ (	(79.374	+	98.579)	/	2 )
=	316.132	/	88.9765
=	3.55

New Fortress Energy (FRA:NF0) 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.

New Fortress Energy's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	88.9765	/	316.132	*	365 / 4
	=	25.68

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 Fortress Energy's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	88.9765	/	648.443
	=	0.14

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.

New Fortress Energy Inventory Turnover Related Terms

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

New Fortress Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Fortress Energy Inc (FRA:NF0) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NFE:USA

Address

111 W. 19th Street, 8th Floor, New York, NY, USA, 10011

Website

https://www.newfortressenergy.com

New Fortress Energy Inc is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include Terminals & Infrastructure, and Ships. It generates the majority of its revenue from the Terminals & Infrastructure segment.

New Fortress Energy Headlines

No Headlines