Middlesex Water Co (Middlesex Water Co) Inventory Turnover : 2.85 (As of Dec. 2023)

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What is Middlesex Water Co 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. Middlesex Water Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.1 Mil. Middlesex Water Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $6.7 Mil. Middlesex Water Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Middlesex Water Co's Days Inventory for the three months ended in Dec. 2023 was 32.00.

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. Middlesex Water Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Middlesex Water Co Inventory Turnover Historical Data

The historical data trend for Middlesex Water Co'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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Middlesex Water Co Inventory Turnover Chart

Middlesex Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.52

13.41

14.07

13.71

12.64

Middlesex Water Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.36	3.18	3.27	3.52	2.85

Middlesex Water Co Inventory Turnover Calculation

Middlesex Water Co'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 )
=	83.113	/ (	(6.177	+	6.972)	/	2 )
=	83.113	/	6.5745
=	12.64

Middlesex Water Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	19.071	/ (	(6.405	+	6.972)	/	2 )
=	19.071	/	6.6885
=	2.85

Middlesex Water Co (NAS:MSEX) 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.

Middlesex Water Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6.6885	/	19.071	*	365 / 4
	=	32.00

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.

Middlesex Water Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.6885	/	38.602
	=	0.17

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.

Middlesex Water Co Inventory Turnover Related Terms

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Middlesex Water Co (Middlesex Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Middlesex Water Co (NAS:MSEX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

485C Route 1 South, Suite 400, Iselin, NJ, USA, 08830

Website

https://www.middlesexwater.com

Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Executives

Lorrie Beth Ginegaw	officer: VP-Corporate Affairs	1500 RONSON ROAD, ISELIN NJ 08830
Cosgrove James F. Jr.	director	492 CHRISTOPHER DRIVE, PRINCETON NJ 08540
Robert John Capko	officer: PAO/Controller	100 POSSUM WAY, NEW PROVIDENCE NJ 07974
Bernadette M Sohler	officer: VP - Corporate Affairs	1500 RONSON ROAD, ISELIN NJ 08830
Walter G Reinhard	director	PO BOX 1500, ISELIN NJ 08830
Dennis W Doll	officer: Executive Vice President	1500 RONSON ROAD, ISELIN NJ 08830
Andreasen Christian G. Jr.	officer: VP - Enterprise Engineering	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Kim C Hanemann	director	1500 RONSON ROAD, ISELIN NJ 08830
A Bruce Oconnor	officer: Vice President &, other: Controller	PO BOX 1500, ISELIN NJ 08830
Vaughn L Mckoy	director	485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083
Georgia M Simpson	officer: VP-Information Technology	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Joshua Bershad	director	485C ROUTE ONE SOUTH, SUITE 400, ISELIN NJ 07083
Robert K Fullagar	officer: Vice President - Operations	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Ann L. Noble	director	485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ 08830
Jay L Kooper	officer: VP, Gen. Counsel & Secretary	1500 RONSON ROAD, ISELIN NJ 08830