NewJersey Inventory from 2010 to 2024

NJR Stock  USD 43.46  1.11  2.62%   
NewJersey Resources Inventory yearly trend continues to be relatively stable with very little volatility. Inventory is likely to drop to about 234.7 M. During the period from 2010 to 2024, NewJersey Resources Inventory destribution of quarterly values had range of 288.2 M from its regression line and mean deviation of  46,580,175. View All Fundamentals
 
Inventory  
First Reported
1994-03-31
Previous Quarter
224.6 M
Current Value
111.4 M
Quarterly Volatility
123.8 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NewJersey Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NewJersey main balance sheet or income statement drivers, such as Interest Expense of 148.5 M, Total Revenue of 1.9 B or Gross Profit of 379.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.9, Dividend Yield of 0.0397 or PTB Ratio of 1.75. NewJersey financial statements analysis is a perfect complement when working with NewJersey Resources Valuation or Volatility modules.
  
This module can also supplement NewJersey Resources' financial leverage analysis and stock options assessment as well as various NewJersey Resources Technical models . Check out the analysis of NewJersey Resources Correlation against competitors.
To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.

Latest NewJersey Resources' Inventory Growth Pattern

Below is the plot of the Inventory of NewJersey Resources over the last few years. It is NewJersey Resources' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NewJersey Resources' overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Pretty Stable
   Inventory   
       Timeline  

NewJersey Inventory Regression Statistics

Arithmetic Mean221,991,039
Geometric Mean205,541,067
Coefficient Of Variation30.39
Mean Deviation46,580,175
Median217,029,000
Standard Deviation67,464,173
Sample Variance4551.4T
Range288.2M
R-Value0.20
Mean Square Error4705.9T
R-Squared0.04
Significance0.48
Slope3,013,652
Total Sum of Squares63719.8T

NewJersey Inventory History

2024234.7 M
2023260.5 M
2022226.5 M
2021294 M
2020213.2 M
2019187.9 M
2018184.3 M

Other Fundumenentals of NewJersey Resources

About NewJersey Resources Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include NewJersey Resources income statement, its balance sheet, and the statement of cash flows. NewJersey Resources investors use historical funamental indicators, such as NewJersey Resources's Inventory, to determine how well the company is positioned to perform in the future. Although NewJersey Resources investors may use each financial statement separately, they are all related. The changes in NewJersey Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NewJersey Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NewJersey Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NewJersey Resources. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory260.5 M234.7 M
Change To Inventory77.6 M81.4 M
Inventory Turnover 6.87  11.04 
Days Of Inventory On Hand 55.02  33.00 
Average Inventory 0.00  0.00 
Days Of Inventory Outstanding 55.02  33.00 

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When determining whether NewJersey Resources is a strong investment it is important to analyze NewJersey Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NewJersey Resources' future performance. For an informed investment choice regarding NewJersey Stock, refer to the following important reports:
Check out the analysis of NewJersey Resources Correlation against competitors.
To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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Is NewJersey Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NewJersey Resources. If investors know NewJersey will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NewJersey Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.88)
Dividend Share
1.65
Earnings Share
2.52
Revenue Per Share
17.602
Quarterly Revenue Growth
0.23
The market value of NewJersey Resources is measured differently than its book value, which is the value of NewJersey that is recorded on the company's balance sheet. Investors also form their own opinion of NewJersey Resources' value that differs from its market value or its book value, called intrinsic value, which is NewJersey Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NewJersey Resources' market value can be influenced by many factors that don't directly affect NewJersey Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NewJersey Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NewJersey Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewJersey Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.