Days Inventory is also known as Days Sales of Inventory (DSI). Idacorp's Average Total Inventories for the
three
months ended in Dec. 2023 was $157 Mil. Idacorp's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $374 Mil.
Hence, Idacorp's Days Inventory for the
three
months ended in Dec. 2023 was 38.16.
The historical rank and industry rank for Idacorp's Days Inventory or its related term are showing as below:
IDA'
s Days Inventory Range Over the Past 10 Years
Min: 28.17 Med: 37.46 Max: 44.51
Current: 34.18
During the past 13 years, Idacorp's highest Days Inventory was 44.51. The lowest was 28.17. And the median was 37.46.
IDA's Days Inventory is ranked worse than 65.16% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.67
vs IDA: 34.18
Idacorp's Days Inventory
increased
from Dec. 2022 (24.89) to Dec. 2023 (38.16).
It might indicate that Idacorp's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Idacorp's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.39.
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.
Idacorp's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.38.
Idacorp Days Inventory Historical Data
The historical data trend for Idacorp'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.
Competitive Comparison of Idacorp's Days Inventory
For the Utilities - Regulated Electric subindustry, Idacorp'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.
Idacorp's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Idacorp's Days Inventory distribution charts can be found below:
* The bar in red indicates where Idacorp's Days Inventory falls into.
Idacorp Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Idacorp's Days Inventory for the fiscal year that 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.
Idacorp (NYSE:IDA) 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.
Idacorp'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.
Idacorp'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.
Idacorp Days Inventory Related Terms
Thank you for viewing the detailed overview of Idacorp's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
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