Avangrid Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the third quarter 2024, Avangrid Inc 's inventory turnover ratio sequentially decreased to 6.72 in the third quarter 2024, unsurprisingly, as the Avangrid Inc markets continue to deteriorate, and AGR's faces growing challenges to bring down its inventories. Avangrid Inc 's average inventory processing period in the Sep 30 2024 quarter, has increased to 54 days, from 51 days, in the Jun 30 2024 quarter.

Within Utilities sector 44 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Third Quarter 2024 compared to previous quarter at no. 49.

AGR Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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AGR Inventory Turnover Ratio	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter
Y / Y Inventory Growth	23.3 %	26.34 %	28.92 %	31.91 %	21.3 %
Y / Y Cost of Sales Growth	-5.19 %	11.43 %	-25.9 %	-3.15 %	-9.91 %
Inventory Turnover Ratio (TTM)	6.72	7.16	7.43	8.83	9.55
AGR's Total Ranking	# 49	# 49	# 55	# 42	# 42
Average inventory processing period	54	51	49	41	38
Seq. Inventory Growth	3.93 %	3.12 %	3.55 %	11.11 %	6.49 %
Seq. Cost of Sales Growth	6.53 %	-40.75 %	23.76 %	21.37 %	25.19 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Electric Utilities Industry	# 19
Utilities Sector	# 45
Overall Market	# 49

Inventory Turnover Ratio Statistics
High	Average	Low
31.55	23.31	6.72
(Mar 31 2018)		(Sep 30 2024)

AGR Company Profile >> Back to AGR Efficiency Comparisons >> Compare AGR Inventory Turnover Ratio to its Competitors

Financial Statements
Avangrid Inc 's Inventories	$ 344 Millions	Visit AGR's Balance sheet
Avangrid Inc 's Cost of Revenues TTM	$ 2,195 Millions	Visit AGR's Income Statement
What are AGR's Sales?		Visit AGR's Sales by Segment

Other Inventory Turnover Ratios
Avangrid Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Electric Utilities Industry Inventory Turnover Trends and Statistics
Utilities Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AGR's Inventory Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AGR's Competitors
Inventory Turnover Ratio for AGR's Suppliers
Inventory Turnover Ratio for AGR's Customers

You may also want to know
AGR's Sales Growth Rates	AGR's Pe Price to earnings ratio	AGR's Receivables Turnover Ratio	AGR's Stock Quote
AGR's Net Income Growth Rates	AGR's Ps Price to Sales ratio	AGR's Sales per Employee	AGR's Asset Turnover Ratio
AGR's Net Margin	AGR's Pb Price to Book ratio	AGR's Financial Strength Ratios	AGR's Dividend Payout Ratio

Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Utilities Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Sep 30 2024	Inventories at quarter ending Sep 30 2024
American Water Works Company Inc	16.35	$ 1,811.000 Millions	$ 111 Millions
California Water Service Group	16.32	$ 288.187 Millions	$ 18 Millions
Enbridge Inc	15.52	$ 17,424.665 Millions	$ 1,123 Millions
Chesapeake Utilities Corp	15.47	$ 170.000 Millions	$ 11 Millions
Cheniere Energy Inc	14.92	$ 5,926.000 Millions	$ 397 Millions
Portland General Electric Company	14.26	$ 1,340.000 Millions	$ 94 Millions
Idacorp Inc	14.09	$ 417.987 Millions	$ 30 Millions
Essential Utilities Inc	13.55	$ 580.778 Millions	$ 43 Millions
Enterprise Products Partners L p	13.01	$ 43,203.000 Millions	$ 3,321 Millions
Ormat Technologies Inc	12.79	$ 610.837 Millions	$ 48 Millions
Clearway Energy Inc	12.59	$ 743.000 Millions	$ 59 Millions
Atmos Energy Corp	11.13	$ 1,926.328 Millions	$ 173 Millions
Hallador Energy Co	9.84	$ 286.522 Millions	$ 29 Millions
Edison International	9.33	$ 4,926.000 Millions	$ 528 Millions
Ugi Corporation	8.79	$ 3,529.000 Millions	$ 402 Millions
Kinder Morgan Inc	8.32	$ 4,445.000 Millions	$ 534 Millions
Clearway Energy Llc	8.32	$ 491.000 Millions	$ 59 Millions
American Electric Power Co Inc	8.26	$ 6,294.000 Millions	$ 762 Millions
Mplx Lp	8.16	$ 1,348.000 Millions	$ 165 Millions
Public Service Enterprise Group Incorporated	7.95	$ 6,657.000 Millions	$ 837 Millions
National Fuel Gas Company	7.91	$ 167.444 Millions	$ 21 Millions
New Fortress Energy Inc	7.89	$ 1,051.094 Millions	$ 133 Millions
Firstenergy Corp	7.42	$ 3,934.000 Millions	$ 531 Millions
Middlesex Water Company	7.24	$ 48.990 Millions	$ 7 Millions
Williams companies inc	7.13	$ 1,893.000 Millions	$ 266 Millions
Fortis Inc	6.79	$ 3,409.769 Millions	$ 502 Millions
Avangrid Inc	6.72	$ 2,195.000 Millions	$ 327 Millions
Oge Energy Corp	6.64	$ 971.700 Millions	$ 146 Millions
Consolidated Water Co ltd	6.43	$ 38.190 Millions	$ 6 Millions
Clean Energy Technologies Inc	5.99	$ 4.674 Millions	$ 1 Millions

Date modified: 2026-08-29T17:35:14+00:00

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