Genie Energy (Genie Energy) Days Inventory : 19.14 (As of Dec. 2023)

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What is Genie Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Genie Energy's Average Total Inventories for the three months ended in Dec. 2023 was $14.95 Mil. Genie Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $71.29 Mil. Hence, Genie Energy's Days Inventory for the three months ended in Dec. 2023 was 19.14.

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

GNEpA.PFD' s Days Inventory Range Over the Past 10 Years
Min: 10.19 Med: 22.11 Max: 37.96
Current: 21.49

During the past 13 years, Genie Energy's highest Days Inventory was 37.96. The lowest was 10.19. And the median was 22.11.

GNEpA.PFD's Days Inventory is ranked better than
51.83% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs GNEpA.PFD: 21.49

Genie Energy's Days Inventory declined from Dec. 2022 (33.46) to Dec. 2023 (19.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Genie Energy's Inventory Turnover for the three months ended in Dec. 2023 was 4.77.

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. Genie Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.14.

Genie Energy Days Inventory Historical Data

The historical data trend for Genie Energy'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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Genie Energy Days Inventory Chart

Genie Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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20.83

23.39

27.30

37.96

19.58

Genie Energy 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															33.46	22.22	30.99	18.20	19.14

Competitive Comparison of Genie Energy's Days Inventory

For the Utilities - Regulated Electric subindustry, Genie Energy'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.

Genie Energy's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Genie Energy's Days Inventory distribution charts can be found below:

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

Genie Energy Days Inventory Calculation

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

Genie Energy'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
=	( (15.714	+	14.598)	/	2 )	/	282.502	*	365
=	15.156					/	282.502	*	365
=	19.58

Genie Energy'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
=	( (15.306	+	14.598)	/	2 )	/	71.291	*	365 / 4
=	14.952					/	71.291	*	365 / 4
=	19.14

Genie Energy (NYSE:GNEpA.PFD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	71.291	/	14.952
	=	4.77

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.952	/	104.921
	=	0.14

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.

Genie Energy Days Inventory Related Terms

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

Genie Energy (Genie Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Genie Energy Ltd (NYSE:GNEpA.PFD) » Definitions » Days Inventory

Comparable Companies

VIA SUME HE MGEE NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG BOM:532555 WEC EIX BOM:532898 FE

Traded in Other Exchanges

GNE:USA 6GE:Germany

Address

520 Broad Street, Newark, NJ, USA, 07102

Website

https://www.genie.com

Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.