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Natural Gas Services Group (Natural Gas Services Group) Change In Inventory : $3.0 Mil (TTM As of Mar. 2024)


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What is Natural Gas Services Group Change In Inventory?

Natural Gas Services Group's change in inventory for the quarter that ended in Mar. 2024 was $2.7 Mil. It means Natural Gas Services Group's inventory declined by $2.7 Mil from Dec. 2023 to Mar. 2024 .

Natural Gas Services Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.7 Mil. It means Natural Gas Services Group's inventory increased by $0.7 Mil from Dec. 2022 to Dec. 2023 .

Natural Gas Services Group's Total Inventories for the quarter that ended in Mar. 2024 was $18.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Natural Gas Services Group's Days Inventory for the quarter that ended in Mar. 2024 was 80.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Natural Gas Services Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.13.

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. Natural Gas Services Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.


Natural Gas Services Group Change In Inventory Historical Data

The historical data trend for Natural Gas Services Group'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.

* Premium members only.

Natural Gas Services Group Change In Inventory Chart

Natural Gas Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.26 1.03 -1.28 -4.14 -0.67

Natural Gas Services Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.99 -3.45 1.83 1.94 2.65

Natural Gas Services Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.0 Mil.

* 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.


Natural Gas Services Group  (NYSE:NGS) Change In Inventory Explanation

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

Natural Gas Services Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=20.225/22.881*365 / 4
=80.66

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

Natural Gas Services Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

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.

Natural Gas Services Group's Inventory to Revenue for the quarter that ended in Mar. 2024 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.


Natural Gas Services Group Change In Inventory Related Terms

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Natural Gas Services Group (Natural Gas Services Group) Business Description

Traded in Other Exchanges
N/A
Address
404 Veterans Airpark Lane, Suite 300, Midland, TX, USA, 79705
Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufacture, fabricate, rent, sell and maintain natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.
Executives
Georganne Hodges director 2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
John D. Bittner officer: Interim CFO 1920 MCKINNEY AVENUE, SUITE 950, DALLAS TX 75201
Brian L Tucker officer: Chief Operating Officer 1250 NE LOOP 410, #1000, SAN ANTONIO TX 78209
Donald J Tringali director C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Justin Jacobs director 382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
James D Faircloth officer: Interim CFO 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Leslie Ann Beyer director C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Hazlett officer: Vice President-Technical Svcs. 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Stephen Charles Taylor director, officer: President and CEO 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
John Chisholm director C/O FLOTEK INDUSTRIES, INC., 2930 W. SAM HOUSTON PARKWAY N., STE. 300, HOUSTON TX 77043
Micah C. Foster officer: Chief Financial Officer 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Nigel Jenvey director 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Lawrence officer: VP & Chief Financial Officer C/O NATURAL GAS SERVICES GROUP, INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
David L Bradshaw director 508 WEST WALL STREET, SUITE 550, MIDLAND TX 79701
G Larry Lawrence officer: Chief Financial Officer C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701