Clean Energy Technologies (Clean Energy Technologies) Change In Inventory : $0.18 Mil (TTM As of Dec. 2023)

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What is Clean Energy Technologies Change In Inventory?

Clean Energy Technologies's change in inventory for the quarter that ended in Dec. 2023 was $-0.17 Mil. It means Clean Energy Technologies's inventory increased by $0.17 Mil from Sep. 2023 to Dec. 2023 .

Clean Energy Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was $0.18 Mil. It means Clean Energy Technologies's inventory declined by $0.18 Mil from Dec. 2022 to Dec. 2023 .

Clean Energy Technologies's Total Inventories for the quarter that ended in Dec. 2023 was $0.98 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clean Energy Technologies's Days Inventory for the quarter that ended in Dec. 2023 was 21.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Energy Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.15.

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. Clean Energy Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Clean Energy Technologies Change In Inventory Historical Data

The historical data trend for Clean Energy 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.

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Clean Energy Technologies Change In Inventory Chart

Clean Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.08

0.07

0.10

-0.04

0.18

Clean Energy Technologies Quarterly Data
	Mar19	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															0.03	-0.21	0.42	0.13	-0.17

Clean Energy 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 $0.18 Mil.

Clean Energy Technologies (NAS:CETY) Change In Inventory Explanation

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

Clean Energy 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
	=	0.9035	/	3.749	*	365 / 4
	=	21.99

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.749	/	0.9035
	=	4.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9035	/	3.412
	=	0.26

Clean Energy Technologies Change In Inventory Related Terms

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Clean Energy Technologies (Clean Energy Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Clean Energy Technologies Inc (NAS:CETY) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

2990 Red Hill Avenue, Costa Mesa, CA, USA, 92626

Website

https://www.cetyinc.com

Clean Energy Technologies Inc is clean energy and environmentally sustainable technologies company offering heat recovery solutions products. In addition, it also provides engineering and manufacturing solutions focused on other energy-efficient and environmentally sustainable technologies. The company's principal product is the Clean Cycle generator, offered by Heat Recovery Solutions. The company's engineering and manufacturing resources support its heat recovery solutions business, as well as continuing to support other emerging growth companies with their Clean-tech technologies. It has three segments: Clean Energy HRS, Cety Europe, and Electronic Manufacturing. It serves various markets, including industrial, aerospace, military, instrumentation, and medical.

Executives

Kambiz Mahdi	director, 10 percent owner	2933 CATALPA ST., NEWPORT BEACH CA 92660
Calvin Pang	director, 10 percent owner, officer: Chief Financial Officer	C/O LAW OFFICE OF R.J. NEWMAN, SUITE 177, BRIARCLIFF MANOR NY 10510
Mgw Investment I Ltd	10 percent owner	C/O ELIAN FIDUCIARY SERVICES, 190 ELGIN AVENUE, GEROGETOWN E9 KY1-9007
Bin Chen	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU, F4 310008
Xin Huang	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU F4 310008
Wen Hua	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES NJ 90017
Cybernaut Zfounder Ventures Llc	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES CA 90017
Cyberfuture One Lp	10 percent owner	1010 WILSHIRE BLVD, SUITE 113, LOS ANGELES CA 90017
Zhejiang Cybernaut Equity Investment Management Co., Ltd.	10 percent owner	3850 JIANGNAN RD, CHUANGXIN BUILDING, FLOOR 21, SUITE 2146, BINJIANG DISTRICT, HANGZHOU F4 310000
Hangzhou Saizhi Investment Co., Ltd.	10 percent owner	69 NANFU ROAD, SHANGCHENG DISTRICT, SUITE 102, HANGZHOU F4 310008
Hangzhou Saishenggu Equity Investment Management Co., Ltd.	10 percent owner	ADMIN OFFICE, XIANGLIFANG VISITOR CENTER, XIANG LAKE RESORT, HANGZHOU F4 310000
Luxus Micro Cap, S.a.	10 percent owner	15 RUE EDWARD STEICHEN, LUXEMBOURG N4 L-2540
Finn-partners, Inc.	10 percent owner	303C COLLEGE ROAD EAST, PRINCETON NJ 08540
Robert Andrew Young	director	1140 HIGHLAND AVE., SUITE 131, MANHATTAN BEACH CA 90266
Bijan Israel	10 percent owner	1113 AMHERST AVE., LOS ANGELES CA 90049