RGC Resources (RGC Resources) Days Inventory : 77.27 (As of Dec. 2023)

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What is RGC Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RGC Resources's Average Total Inventories for the three months ended in Dec. 2023 was $12.23 Mil. RGC Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $14.44 Mil. Hence, RGC Resources's Days Inventory for the three months ended in Dec. 2023 was 77.27.

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

RGCO' s Days Inventory Range Over the Past 10 Years
Min: 57.43 Med: 72.96 Max: 85.07
Current: 72.91

During the past 13 years, RGC Resources's highest Days Inventory was 85.07. The lowest was 57.43. And the median was 72.96.

RGCO's Days Inventory is ranked worse than
85.59% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.62 vs RGCO: 72.91

RGC Resources's Days Inventory increased from Dec. 2022 (64.09) to Dec. 2023 (77.27). It might indicate that RGC Resources'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. RGC Resources's Inventory Turnover for the three months ended in Dec. 2023 was 1.18.

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. RGC Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.

RGC Resources Days Inventory Historical Data

The historical data trend for RGC 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.

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RGC Resources Days Inventory Chart

RGC Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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62.29

64.06

57.43

85.07

83.61

RGC Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															64.09	41.20	83.85	119.44	77.27

Competitive Comparison of RGC Resources's Days Inventory

For the Utilities - Regulated Gas subindustry, RGC 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.

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

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

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

RGC Resources Days Inventory Calculation

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

RGC Resources's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (18.145	+	12.86)	/	2 )	/	67.673	*	365
=	15.5025					/	67.673	*	365
=	83.61

RGC Resources's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (12.86	+	11.591)	/	2 )	/	14.437	*	365 / 4
=	12.2255					/	14.437	*	365 / 4
=	77.27

RGC Resources (NAS:RGCO) 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.

RGC Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.437	/	12.2255
	=	1.18

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.

RGC Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.2255	/	24.419
	=	0.50

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.

RGC Resources Days Inventory Related Terms

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

RGC Resources (RGC Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » RGC Resources Inc (NAS:RGCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

519 Kimball Avenue North East, Roanoke, VA, USA, 24016

Website

https://www.rgcresources.com

RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.

Executives

Christen Brooke Miles	officer: VP, Human Resources	P.O. BOX 13007, ROANOKE VA 24030
Lawrence T. Oliver	officer: VP, Interim CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Robert B Johnston	director
Jason A. Field	officer: VP, Treasurer & CFO	P. O. BOX 13007, ROANOKE VA 24030
Williamson John B Iii	director, officer: Chairman, President & CEO	PO BOX 13007, ROANOKE VA 24030
Paul W Nester	officer: VP, Treasurer & CFO	P.O. BOX 13007, ROANOKE VA 24030
Anita G Zucker	10 percent owner	4838 JENKINS AVE, N CHARLESTON SC 29405
Elizabeth A Mcclanahan	director	P. O. BOX 13007, ROANOKE VA 24030
Jacqueline L. Archer	director	P. O. BOX 13007, ROANOKE VA 24030
Burton Randall P. Ii	other: Former VP, CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Shockley C James Jr	officer: VP & COO	P.O. BOX 13007, ROANOKE VA 24030
Wells Robert L Ii	officer: VP, CIO, Asst. Sec. & Treas.	P.O. BOX 13007, ROANOKE VA 24030
Nancy H Agee	director	PO BOX 13007, ROANOKE VA 24030
D Orazio John S	officer: VP & COO Roanoke Gas Co (sub)	PO BOX 13007, ROANOKE VA 24030
Smoot Raymond D Jr	director	P. O. BOX 13007, ROANOKE VA 24030