Middlesex Water (MSEX) Inventory Average (2011 - 2023)
Middlesex Water (MSEX) posted Inventory Average of $6.5 million for Q2 2023, up 1.96% sequentially from $6.4 million in Q1 2023, and up 17.24% YoY from $5.5 million in Q2 2022.
Middlesex Water (MSEX) Inventory Average (2011 - 2023) Analysis & Trends
Middlesex Water has reported Inventory Average for 13 years, with the latest figure at $6.5 million in Q2 2023.
- Quarterly Inventory Average rose 17.24% year-over-year to $6.5 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $6.5 million (up 17.24% YoY) and the FY2022 annual result came in at $5.8 million, up 10.17% from the prior year.
- Inventory Average climbed to $6.5 million in Q2 2023 per MSEX's latest filing, from $6.4 million in the prior quarter.
- Over five years, Inventory Average peaked at $6.5 million in Q2 2023 and troughed at $4.9 million in Q3 2021.
- A 5-year average of $5.4 million and a median of $5.3 million in 2019 frame the typical range for Inventory Average.
- The sharpest annual moves came in 2019 and 2020: Inventory Average jumped 31.63% in 2019, then retreated 6.88% in 2020.
- Over 5 years, Inventory Average stood at $5.3 million in 2019, then fell by 6.88% to $4.9 million in 2020, then climbed by 6.48% to $5.3 million in 2021, then advanced by 13.84% to $6.0 million in 2022, then gained by 8.49% to $6.5 million in 2023.
- According to Business Quant data, Inventory Average over the past three periods registered $6.5 million, $6.4 million, and $6.0 million for Q2 2023, Q1 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.54 Bn | 26.35 Bn | - | - |
| 2 | Essential Utilities | 11.32 Bn | 11.31 Bn | - | - |
| 3 | American States Water | 3.37 Bn | 3.35 Bn | 278.03 Mn | - |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 18.99 Mn |
| 5 | H2O America | 2.59 Bn | 2.49 Bn | 197.11 Mn | - |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | - |
| 7 | York Water | 516.05 Mn | 515.50 Mn | - | 3.21 Mn |
| 8 | Consolidated Water | 515.04 Mn | 388.71 Mn | 10.92 Mn | 4.03 Mn |
| 9 | Artesian Resources | 361.28 Mn | 357.03 Mn | 26.56 Mn | - |
| 10 | Pure Cycle | 274.54 Mn | 266.10 Mn | 4.29 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 6.49 Mn |
| Mar 31, 2023 | 6.37 Mn |
| Dec 31, 2022 | 5.98 Mn |
| Sep 30, 2022 | 5.75 Mn |
| Jun 30, 2022 | 5.54 Mn |
| Mar 31, 2022 | 5.36 Mn |
| Dec 31, 2021 | 5.26 Mn |
| Sep 30, 2021 | 4.91 Mn |
| Jun 30, 2021 | 4.93 Mn |
| Mar 31, 2021 | 5.15 Mn |
| Dec 31, 2020 | 4.94 Mn |
| Sep 30, 2020 | 5.02 Mn |
| Jun 30, 2020 | 5.28 Mn |
| Mar 31, 2020 | 5.36 Mn |
| Dec 31, 2019 | 5.30 Mn |
| Sep 30, 2019 | 5.27 Mn |
| Jun 30, 2019 | 5.43 Mn |
| Mar 31, 2019 | 5.45 Mn |
| Dec 31, 2018 | 5.52 Mn |
| Sep 30, 2018 | 5.23 Mn |