NorthWestern Energy Group (FRA:NWZA) Inventory Turnover : 2.10 (As of Mar. 2024)

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What is NorthWestern Energy Group 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. NorthWestern Energy Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €211 Mil. NorthWestern Energy Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €100 Mil. NorthWestern Energy Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NorthWestern Energy Group's Days Inventory for the three months ended in Mar. 2024 was 43.45.

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. NorthWestern Energy Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

NorthWestern Energy Group Inventory Turnover Historical Data

The historical data trend for NorthWestern Energy Group'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.

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NorthWestern Energy Group Inventory Turnover Chart

NorthWestern Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.18

8.48

9.23

7.80

5.69

NorthWestern Energy Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.20	1.22	1.26	1.31	2.10

NorthWestern Energy Group Inventory Turnover Calculation

NorthWestern Energy Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	587.601	/ (	(101.347	+	105.032)	/	2 )
=	587.601	/	103.1895
=	5.69

NorthWestern Energy Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	210.591	/ (	(105.032	+	95.536)	/	2 )
=	210.591	/	100.284
=	2.10

NorthWestern Energy Group (FRA:NWZA) 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.

NorthWestern Energy Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	100.284	/	210.591	*	365 / 4
	=	43.45

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.

NorthWestern Energy Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	100.284	/	437.315
	=	0.23

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.

NorthWestern Energy Group Inventory Turnover Related Terms

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NorthWestern Energy Group (FRA:NWZA) Business Description

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NWE:USA

Address

3010 West 69th Street, Sioux Falls, SD, USA, 57108

Website

https://www.northwesternenergy.com

NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of retail electric utility revenue from commercial and residential sales.

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