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Empresa Distribuidora y Comercializadora Norte (Empresa Distribuidora y Comercializadora Norte) Inventory Turnover : 10.52 (As of Dec. 2023)


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What is Empresa Distribuidora y Comercializadora Norte Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Empresa Distribuidora y Comercializadora Norte's Cost of Goods Sold for the three months ended in Dec. 2023 was $898 Mil. Empresa Distribuidora y Comercializadora Norte's Average Total Inventories for the quarter that ended in Dec. 2023 was $85 Mil. Empresa Distribuidora y Comercializadora Norte's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Empresa Distribuidora y Comercializadora Norte's Days Inventory for the three months ended in Dec. 2023 was 8.67.

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. Empresa Distribuidora y Comercializadora Norte's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Empresa Distribuidora y Comercializadora Norte Inventory Turnover Historical Data

The historical data trend for Empresa Distribuidora y Comercializadora Norte's Inventory Turnover 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.

* Premium members only.

Empresa Distribuidora y Comercializadora Norte Inventory Turnover Chart

Empresa Distribuidora y Comercializadora Norte Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.91 73.66 118.33 39.63 16.23

Empresa Distribuidora y Comercializadora Norte Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.37 4.16 6.94 5.60 10.52

Empresa Distribuidora y Comercializadora Norte Inventory Turnover Calculation

Empresa Distribuidora y Comercializadora Norte's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=1865.297 / ((119.577 + 110.294) / 2 )
=1865.297 / 114.9355
=16.23

Empresa Distribuidora y Comercializadora Norte's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=898.058 / ((60.437 + 110.294) / 2 )
=898.058 / 85.3655
=10.52

* 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.

Empresa Distribuidora y Comercializadora Norte  (NYSE:EDN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Empresa Distribuidora y Comercializadora Norte's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=85.3655/898.058*365 / 4
=8.67

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.

Empresa Distribuidora y Comercializadora Norte's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=85.3655 / 892.762
=0.10

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Empresa Distribuidora y Comercializadora Norte Inventory Turnover Related Terms

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Empresa Distribuidora y Comercializadora Norte (Empresa Distribuidora y Comercializadora Norte) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Distribuidora y Comercializadora Norte SA (NYSE:EDN) » Definitions » Inventory Turnover
Comparable Companies
BUE:TRAN BUE:CECO2 BUE:EDSH BUE:CEPU NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG BOM:532898 ED XEL EIX WEC SHSE:601985
Traded in Other Exchanges
PWD1:Germany PWD1:Germany EDN:Argentina
Address
6363 Del Libertador Avenue, Buenos Aires, ARG, C1428ARG
Website
https://www.edenor.com
Empresa Distribuidora y Comercializadora Norte SA is an Investment company and provider of services related to the distribution of electricity, renewable energies, and the development of sustainable technology. The firm's concession area covers the northern portion of the city of Buenos Aires mainly to residential, commercial, industrial, and public service.