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Chesapeake Utilities (Chesapeake Utilities) Days Inventory

: 22.28 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Chesapeake Utilities's Average Total Inventories for the three months ended in Dec. 2023 was $26.9 Mil. Chesapeake Utilities's Cost of Goods Sold for the three months ended in Dec. 2023 was $110.2 Mil. Hence, Chesapeake Utilities's Days Inventory for the three months ended in Dec. 2023 was 22.28.

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

CPK' s Days Inventory Range Over the Past 10 Years
Min: 10.69   Med: 16.94   Max: 24.38
Current: 22.93

During the past 13 years, Chesapeake Utilities's highest Days Inventory was 24.38. The lowest was 10.69. And the median was 16.94.

CPK's Days Inventory is ranked worse than
51.18% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.43 vs CPK: 22.93

Chesapeake Utilities's Days Inventory increased from Dec. 2022 (17.76) to Dec. 2023 (22.28). It might indicate that Chesapeake Utilities's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chesapeake Utilities's Inventory Turnover for the three months ended in Dec. 2023 was 4.10.

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. Chesapeake Utilities's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.


Chesapeake Utilities Days Inventory Historical Data

The historical data trend for Chesapeake Utilities'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.

* Premium members only.

Chesapeake Utilities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.07 14.41 16.81 19.46 24.38

Chesapeake Utilities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory 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 Premium Member Only Premium Member Only Premium Member Only 17.76 17.23 27.63 26.77 22.28

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.


Chesapeake Utilities Days Inventory Distribution

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

* The bar in red indicates where Chesapeake Utilities's Days Inventory falls into.



Chesapeake Utilities Days Inventory Calculation

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

Chesapeake Utilities's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (26.261 + 29.225) / 2 ) / 415.32*365
=27.743 / 415.32*365
=24.38

Chesapeake Utilities'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
=( (24.594 + 29.225) / 2 ) / 110.208*365 / 4
=26.9095 / 110.208*365 / 4
=22.28

* 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.


Chesapeake Utilities  (NYSE:CPK) 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.

Chesapeake Utilities'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.

Chesapeake Utilities'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.


Chesapeake Utilities Days Inventory Related Terms

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


Chesapeake Utilities (Chesapeake Utilities) Business Description

Traded in Other Exchanges
Address
500 Energy Lane, Dover, DE, USA, 19901
Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
Executives
Jeffery S Sylvester officer: Senior VP & COO 500 ENERGY LANE, DOVER DE 19901
Thomas J Bresnan director 1350 S. MILWAUKEE STREET, DENVER CO 80210
Maddock Paul L Jr director 909 SILVER LAKE BLVD, DOVER DE 19904
Hill Thomas P Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Lila A Jaber director 909 SILVER LAKE BLVD, DOVER DE 19904
John R Schimkaitis director, other: Chair of the Board 909 SILVER LAKE BLVD., DOVER DE 19904
Kevin J Webber officer: Senior VP & Chief Dev. Officer 909 SILVER LAKE BLVD, DOVER DE 19904
Stephanie N Gary director 500 ENERGY LANE, DOVER DE 19901
Lisa Bisaccia director ONE CVS DRIVE, WOONSOCKET RI 02895
Michael D Galtman officer: Senior VP & CAO 500 ENERGY LANE, DOVER DE 19901
Sheree M. Petrone director 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Jeffry M Householder director, other: President & CEO 909 SILVER LAKE BLVD, DOVER DE 19904
Forsythe Ronald G Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Dianna Morgan director 909 SILVER LAKE BLVD, DOVER DE 19904
Beth W Cooper officer: Executive VP & CFO CHESAPEAKE UTILITIES CORPORATION, 909 SILVER LAKE BOULEVARD, DOVER DE 19904