Days Inventory is also known as Days Sales of Inventory (DSI). Atmos Energy's Average Total Inventories for the
three
months ended in Dec. 2023 was $251 Mil. Atmos Energy's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $505 Mil.
Hence, Atmos Energy's Days Inventory for the
three
months ended in Dec. 2023 was 45.25.
The historical rank and industry rank for Atmos Energy's Days Inventory or its related term are showing as below:
ATO'
s Days Inventory Range Over the Past 10 Years
Min: 25.26 Med: 41.02 Max: 61.66
Current: 49.47
During the past 13 years, Atmos Energy's highest Days Inventory was 61.66. The lowest was 25.26. And the median was 41.02.
ATO's Days Inventory is ranked worse than 75.7% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.62
vs ATO: 49.47
Atmos Energy's Days Inventory
increased
from Dec. 2022 (34.96) to Dec. 2023 (45.25).
It might indicate that Atmos Energy's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Atmos Energy's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.02.
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.
Atmos Energy's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.22.
Atmos Energy Days Inventory Historical Data
The historical data trend for Atmos Energy'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.
Competitive Comparison of Atmos Energy's Days Inventory
For the Utilities - Regulated Gas subindustry, Atmos Energy'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.
Atmos Energy's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Days Inventory falls into.
Atmos Energy Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Atmos Energy's Days Inventory for the fiscal year that ended in Sep. 2023 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.
Atmos Energy (NYSE:ATO) 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.
Atmos Energy's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Atmos Energy's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Atmos Energy Days Inventory Related Terms
Thank you for viewing the detailed overview of Atmos Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
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