Clearway Energy (Clearway Energy) Total Inventories : $55 Mil (As of Dec. 2023)

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What is Clearway Energy Total Inventories?

Clearway Energy's total inventories for the quarter that ended in Dec. 2023 was $55 Mil. Clearway Energy's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $55 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Clearway Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-101.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clearway Energy's Days Inventory for the three months ended in Dec. 2023 was 44.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clearway Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.05.

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. Clearway Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Clearway Energy Total Inventories Historical Data

The historical data trend for Clearway Energy's Total Inventories 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.

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Clearway Energy Total Inventories Chart

Clearway Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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40.00

42.00

37.00

47.00

55.00

Clearway Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															47.00	49.00	51.00	55.00	55.00

Clearway Energy Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Clearway Energy (NYSE:CWEN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Clearway Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(535	+	0.75 * 171	+	0.5 * 55	-	9707
-	0	-	2894)	/	117.005
=	-101.79

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

Clearway Energy'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
	=	55	/	113	*	365 / 4
	=	44.41

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	113	/	55
	=	2.05

4. 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.

Clearway Energy'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 )
	=	55	/	249
	=	0.22

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Clearway Energy Total Inventories Related Terms

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Clearway Energy (Clearway Energy) Business Description

Industry

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Address

300 Carnegie Center, Suite 300, Princeton, NJ, USA, 08540

Website

https://www.clearwayenergy.com

Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The company segments its operations into conventional power generation, renewables and thermal divisions.

Executives

Christopher S Sotos	director	CLEARWAY ENERGY, INC., 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Global Infrastructure Investors Iii, Llc	10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Se Totalenergies	director, 10 percent owner	2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078
Emmanuel Barrois	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Guillaume Hediard	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Vincent Stoquart	director	C/O SUNPOWER CORPORATION, 51 RIO ROBLES, SAN JOSE CA 95134
Totalenergies Gestion Usa Sarl	10 percent owner	LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400
Totalenergies Holdings Usa, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Renewables Usa, Llc	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Delaware, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Zephyr Holdings Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Zephyr Midco Holdings, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Michael Taft Murphy	officer: CHIEF INVESTMENT OFFICER	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
E Stanley Oneal	director	MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038