PNM Resources (PNM Resources) Change In Inventory : $-31 Mil (TTM As of Dec. 2023)

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What is PNM Resources Change In Inventory?

PNM Resources's change in inventory for the quarter that ended in Dec. 2023 was $-15 Mil. It means PNM Resources's inventory increased by $15 Mil from Sep. 2023 to Dec. 2023 .

PNM Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $-31 Mil. It means PNM Resources's inventory increased by $31 Mil from Dec. 2022 to Dec. 2023 .

PNM Resources's Total Inventories for the quarter that ended in Dec. 2023 was $98 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PNM Resources's Days Inventory for the quarter that ended in Dec. 2023 was 41.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. PNM Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.22.

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. PNM Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

PNM Resources Change In Inventory Historical Data

The historical data trend for PNM Resources'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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PNM Resources Change In Inventory Chart

PNM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-6.10

11.51

1.36

-8.53

-31.30

PNM Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.90	2.92	-17.20	-2.37	-14.64

PNM Resources 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31 Mil.

PNM Resources (NYSE:PNM) Change In Inventory Explanation

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

PNM Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	90.7125	/	201.075	*	365 / 4
	=	41.17

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

PNM Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	201.075	/	90.7125
	=	2.22

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.

PNM Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	90.7125	/	412.114
	=	0.22

PNM Resources Change In Inventory Related Terms

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PNM Resources (PNM Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PNM Resources Inc (NYSE:PNM) » Definitions » Change In Inventory

Comparable Companies

MGEE POR IDA HE GNE VIA SUME OGE PNW EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

98P:Germany

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

Executives

Elisabeth A Eden	officer: SVP, CFO & Treasurer	414 SILVER AVE SW, MS1295, ALBUQUERQUE NM 87102
Henry E Monroy	officer: VP & Corporate Controller	414 SILVER AVENUE SW, MS1015, ALBUQUERQUE NM 87102-3289
Charles N Eldred	officer: Chief Financial Officer	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Joseph Don Tarry	officer: VP and Corporate Controller	414 SILVER AVE SW MS 1205, ALBUQUERQUE NM 87102-3289
Patrick V Apodaca	officer: SR VP, GEN COUNSEL & SECY	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Ronald N. Darnell	officer: VICE PRESIDENT, REGULATORY AFF	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
James Alton Hughes	director	350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Norman P. Becker	director	3900 SINGER BOULEVARD N.E., ALBUQUERQUE NM 87109
Chris M Olson	officer: VP, Utility Operations	414 SILVER AVENUE SW, MS 1255, ALBUQUERQUE NM 87102-3289
Adelmo E Archuleta	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Ronald E Talbot	officer: SR VP, CHIEF OPERATING OFFICER	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Bruce W Wilkinson	director	1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027
Sidney M. Gutierrez	director	414 SILVER AVE SW, MS 1275, ALBUQUERQUE NM 87102-3289
Joan B Woodard	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289