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Otter Tail Corporation  (NASDAQ: OTTR)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

Otter Tail Inventory Turnover Ratio (COS)

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

Otter Tail's inventory turnover ratio, the ratio that measures Otter Tail's ability to manage its supply chain, sequentially decreased to 3.32 in the third quarter 2024, which does not come as a surprise, as the Otter Tail continue to experience headwinds, which also impact its supply chain. Otter Tail's average inventory processing period in the Sep 30 2024 quarter, has increased to 110 days, from 106 days, in the Jun 30 2024 quarter.

Within Utilities sector 56 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 591, from total ranking in the second quarter 2024 at 750.

OTTR Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Otter Tail Corporation Market Share?

What is Inventory Turnover Ratio?


OTTR 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 7.91 % 12.01 % 2.37 % 2.57 % -2.98 %
Y / Y Cost of Sales Growth -5.43 % 0.14 % -10.99 % 154.56 % -18.88 %
Inventory Turnover Ratio (TTM) 3.32 3.43 3.53 3.67 3.17
OTTR's Total Ranking # 591 # 750 # 655 # 248 # 509
Average inventory processing period 110 106 103 100 115
Seq. Inventory Growth -5.29 % 9.17 % -1.01 % 5.42 % -1.69 %
Seq. Cost of Sales Growth -3.07 % -8.16 % 11.44 % -4.68 % 2.64 %



Inventory Turnover Ratio Company Ranking
Within: No.
Electric Utilities Industry # 30
Utilities Sector # 57
Overall Market # 591

Inventory Turnover Ratio Statistics
High Average Low
6.59 4.51 0.59
(Jun 30 2021)   (Dec 31 2016)




Financial Statements
Otter Tail's Inventories $ 153 Millions Visit OTTR's Balance sheet
Otter Tail's Cost of Revenues TTM $ 509 Millions Visit OTTR's Income Statement
What are OTTR's Sales? Visit OTTR's Sales by Segment

Other Inventory Turnover Ratios
Otter Tail'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
OTTR's Inventory Turnover Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for OTTR's Competitors
Inventory Turnover Ratio for OTTR's Suppliers
Inventory Turnover Ratio for OTTR's Customers

You may also want to know
OTTR's Sales Growth Rates OTTR's Pe Price to earnings ratio OTTR's Receivables Turnover Ratio OTTR's Stock Quote
OTTR's Net Income Growth Rates OTTR's Ps Price to Sales ratio OTTR's Sales per Employee OTTR's Asset Turnover Ratio
OTTR's Net Margin OTTR's Pb Price to Book ratio OTTR's Financial Strength Ratios OTTR'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
Ugi Corp  8.79 $ 3,529.000  Millions$ 402  Millions
Kinder Morgan Inc   8.32 $ 4,445.000  Millions$ 534  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
New Fortress Energy Inc   7.45 $ 968.189  Millions$ 130  Millions
Firstenergy Corp   7.42 $ 3,934.000  Millions$ 531  Millions
Williams companies inc   7.13 $ 1,893.000  Millions$ 266  Millions
Avangrid Inc   6.72 $ 2,195.000  Millions$ 327  Millions
Oge Energy Corp   6.64 $ 971.700  Millions$ 146  Millions
Archrock inc   5.57 $ 453.676  Millions$ 81  Millions
Dpl Inc   5.54 $ 313.500  Millions$ 57  Millions
Unitil Corporation  5.53 $ 76.700  Millions$ 14  Millions
Nextera Energy Partners Lp  5.45 $ 497.000  Millions$ 91  Millions
Clean Energy Fuels Corp   5.41 $ 249.633  Millions$ 46  Millions
Ppl Corporation  5.18 $ 2,567.000  Millions$ 496  Millions
Dte Energy Co  4.88 $ 1,969.000  Millions$ 404  Millions
Avista Corporation  4.67 $ 799.394  Millions$ 171  Millions
Ipalco Enterprises Inc   4.62 $ 623.137  Millions$ 135  Millions
Hf Sinclair Corporation  4.60 $ 13,673.690  Millions$ 2,975  Millions
Wisconsin Electric Power Company  4.29 $ 1,306.100  Millions$ 305  Millions
Kodiak Gas Services Inc   4.18 $ 415.087  Millions$ 99  Millions
Berkshire Hathaway Energy Company  3.92 $ 6,626.000  Millions$ 1,690  Millions
Xcel Energy Inc   3.86 $ 2,502.000  Millions$ 649  Millions
Wec Energy Group Inc   3.73 $ 2,678.700  Millions$ 717  Millions
Nisource Inc   3.71 $ 819.600  Millions$ 221  Millions
Eversource Energy  3.61 $ 1,950.967  Millions$ 540  Millions
One Gas Inc   3.42 $ 526.737  Millions$ 154  Millions
Otter Tail Corporation  3.32 $ 508.619  Millions$ 153  Millions
Alliant Energy Corp  3.04 $ 373.000  Millions$ 123  Millions

Date modified: 2024-11-08T12:56:06+00:00



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