Innergex Renewable Energy (Innergex Renewable Energy) Days Inventory : 0.00 (As of Dec. 2023)

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What is Innergex Renewable Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innergex Renewable Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0.0 Mil. Innergex Renewable Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $-13.4 Mil.

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

INGXF's Days Inventory is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 31.07
* Ranked among companies with meaningful Days Inventory only.

Innergex Renewable Energy's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Innergex Renewable Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Innergex Renewable Energy Days Inventory Historical Data

The historical data trend for Innergex Renewable 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.

* Premium members only.

Innergex Renewable Energy Days Inventory Chart

Innergex Renewable Energy Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Innergex Renewable 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															-	-	-	-	-

Competitive Comparison of Innergex Renewable Energy's Days Inventory

For the Utilities - Renewable subindustry, Innergex Renewable 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.

Innergex Renewable Energy's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Innergex Renewable Energy's Days Inventory distribution charts can be found below:

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

Innergex Renewable Energy Days Inventory Calculation

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

Innergex Renewable 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
=	( (0	+	0)	/	1 )	/	-53.432	*	365
=	0					/	-53.432	*	365
=	N/A

Innergex Renewable 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
=	( (0	+	0)	/	1 )	/	-13.419	*	365 / 4
=	0					/	-13.419	*	365 / 4
=	N/A

Innergex Renewable Energy (OTCPK:INGXF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-13.419	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	181.517
	=	0.00

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.

Innergex Renewable Energy Days Inventory Related Terms

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

Innergex Renewable Energy (Innergex Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Innergex Renewable Energy Inc (OTCPK:INGXF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

3IX:Germany INE.PR.C.PFD:Canada INE.PR.A.PFD:Canada INE:Canada

Address

1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, CAN, J4K 0B9

Website

https://www.innergex.com

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.

Innergex Renewable Energy (Innergex Renewable Energy) Headlines

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