Array Technologies (Array Technologies) Change In Inventory : $67 Mil (TTM As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Array Technologies Change In Inventory?

Array Technologies's change in inventory for the quarter that ended in Dec. 2023 was $54 Mil. It means Array Technologies's inventory declined by $54 Mil from Sep. 2023 to Dec. 2023 .

Array Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $67 Mil. It means Array Technologies's inventory declined by $67 Mil from Dec. 2022 to Dec. 2023 .

Array Technologies's Total Inventories for the quarter that ended in Dec. 2023 was $162 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Array Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 67.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Array Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.36.

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. Array Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

Array Technologies Change In Inventory Historical Data

The historical data trend for Array Technologies's Change In 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.

* Premium members only.

Array Technologies Change In Inventory Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-94.59

28.34

-88.18

20.87

66.74

Array Technologies Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															35.14	-23.31	46.16	-10.29	54.19

Array Technologies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $67 Mil.

Array Technologies (NAS:ARRY) Change In Inventory Explanation

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

Array Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	188.991	/	257.386	*	365 / 4
	=	67.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Array Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	257.386	/	188.991
	=	1.36

3. 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.

Array Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	188.991	/	341.615
	=	0.55

Array Technologies Change In Inventory Related Terms

Thank you for viewing the detailed overview of Array Technologies's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Array Technologies (Array Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (NAS:ARRY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

9AY:Germany 9AY:Germany

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

Executives

Tyson Hottinger	officer: Chief Legal Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Nipul M. Patel	officer: Chief Financial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Neil Manning	officer: Chief Operations Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Thierry Marin-martinod	officer: Chief Technology Officer	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Tracy C Jokinen	director	5995 OPUS PARKWAY, SUITE 500, MINNETONKA MN 55343
Kenneth R. Stacherski	officer: Chief Operations Officer	500 W MONROE, CHICAGO IL 60661
Gerrard Schmid	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Terrance L Collins	officer: Chief Human Resources Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069
Erica Brinker	officer: Chief Commercial Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Kevin G. Hostetler	director, officer: Chief Executive Officer	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Paulo Almirante	director	3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Travis Rose	officer: Chief Revenue Officer	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Bilal Khan	director	C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Jayanthi Iyengar	director	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
Ati Investment Parent, Llc	10 percent owner	C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109