Public Service Company of New Mexico (Public Service Company of New Mexico) Change In Inventory : $-32.21 Mil (TTM As of Mar. 2024)

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What is Public Service Company of New Mexico Change In Inventory?

Public Service Company of New Mexico's change in inventory for the quarter that ended in Mar. 2024 was $-3.61 Mil. It means Public Service Company of New Mexico's inventory increased by $3.61 Mil from Dec. 2023 to Mar. 2024 .

Public Service Company of New Mexico's change in inventory for the fiscal year that ended in Dec. 2023 was $-25.68 Mil. It means Public Service Company of New Mexico's inventory increased by $25.68 Mil from Dec. 2022 to Dec. 2023 .

Public Service Company of New Mexico's Total Inventories for the quarter that ended in Mar. 2024 was $85.18 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Public Service Company of New Mexico's Days Inventory for the quarter that ended in Mar. 2024 was 63.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Public Service Company of New Mexico's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.43.

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. Public Service Company of New Mexico's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Public Service Company of New Mexico Change In Inventory Historical Data

The historical data trend for Public Service Company of New Mexico'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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Public Service Company of New Mexico Change In Inventory Chart

Public Service Company of New Mexico Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.13

11.75

2.53

-4.80

-25.68

Public Service Company of New Mexico 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															2.92	-14.25	-0.97	-13.38	-3.61

Public Service Company of New Mexico 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 $-32.21 Mil.

Public Service Company of New Mexico (OTCPK:PNMXO.PFD) Change In Inventory Explanation

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

Public Service Company of New Mexico's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	83.378	/	119.624	*	365 / 4
	=	63.60

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

Public Service Company of New Mexico's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119.624	/	83.378
	=	1.43

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.

Public Service Company of New Mexico's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	83.378	/	308.115
	=	0.27

Public Service Company of New Mexico Change In Inventory Related Terms

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Public Service Company of New Mexico (Public Service Company of New Mexico) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Company of New Mexico (OTCPK:PNMXO.PFD) » Definitions » Change In Inventory

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Address

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

Website

http://www.pnm.com

Public Service Company of New Mexico is an electric utility company. It provides electric generation, transmission, and distribution service to its rate-regulated customers. In addition, it is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. Geographically, it operates through the region of Mexico and it provides retail electric service to customers in north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico.

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