Clean Energy Technologies (Clean Energy Technologies) Days Inventory : 21.99 (As of Dec. 2023)

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What is Clean Energy Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Clean Energy Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $0.90 Mil. Clean Energy Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.75 Mil. Hence, Clean Energy Technologies's Days Inventory for the three months ended in Dec. 2023 was 21.99.

The historical rank and industry rank for Clean Energy Technologies's Days Inventory or its related term are showing as below:

CETY' s Days Inventory Range Over the Past 10 Years
Min: 19.21 Med: 263.39 Max: 592.37
Current: 20.25

During the past 13 years, Clean Energy Technologies's highest Days Inventory was 592.37. The lowest was 19.21. And the median was 263.39.

CETY's Days Inventory is ranked better than
96.8% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs CETY: 20.25

Clean Energy Technologies's Days Inventory declined from Dec. 2022 (634.43) to Dec. 2023 (21.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Energy Technologies's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.26.

Clean Energy Technologies Days Inventory Historical Data

The historical data trend for Clean Energy Technologies'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.

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Clean Energy Technologies Days Inventory Chart

Clean Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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256.99

331.01

269.78

118.03

19.21

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
Days Inventory	Get a 7-Day Free Trial															634.43	20.13	16.84	23.96	21.99

Competitive Comparison of Clean Energy Technologies's Days Inventory

For the Specialty Industrial Machinery subindustry, Clean Energy Technologies'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.

Clean Energy Technologies's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Clean Energy Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Clean Energy Technologies's Days Inventory falls into.

Clean Energy Technologies Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.501	+	0.975)	/	2 )	/	14.023	*	365
=	0.738					/	14.023	*	365
=	19.21

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.832	+	0.975)	/	2 )	/	3.749	*	365 / 4
=	0.9035					/	3.749	*	365 / 4
=	21.99

Clean Energy Technologies (NAS:CETY) 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.

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

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

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.

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

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

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.

Clean Energy Technologies Days Inventory Related Terms

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

Clean Energy Technologies (Clean Energy Technologies) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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