Plug Power (WBO:PLUG) Days Inventory : 206.11 (As of Dec. 2023)

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What is Plug Power Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Plug Power's Average Total Inventories for the three months ended in Dec. 2023 was €920.6 Mil. Plug Power's Cost of Goods Sold for the three months ended in Dec. 2023 was €407.6 Mil. Hence, Plug Power's Days Inventory for the three months ended in Dec. 2023 was 206.11.

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

WBO:PLUG' s Days Inventory Range Over the Past 10 Years
Min: 88.13 Med: 116.36 Max: 224.93
Current: 224.93

During the past 13 years, Plug Power's highest Days Inventory was 224.93. The lowest was 88.13. And the median was 116.36.

WBO:PLUG's Days Inventory is ranked worse than
80.8% of 2907 companies
in the Industrial Products industry
Industry Median: 119.76 vs WBO:PLUG: 224.93

Plug Power's Days Inventory increased from Dec. 2022 (181.46) to Dec. 2023 (206.11). It might indicate that Plug Power's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Plug Power's Inventory Turnover for the three months ended in Dec. 2023 was 0.44.

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. Plug Power's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.52.

Plug Power Days Inventory Historical Data

The historical data trend for Plug Power'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.

Plug Power Days Inventory Chart

Plug Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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134.27

125.97

106.69

182.94

212.08

Plug Power 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															181.46	232.98	227.80	259.51	206.11

Competitive Comparison of Plug Power's Days Inventory

For the Electrical Equipment & Parts subindustry, Plug Power'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.

Plug Power's Days Inventory Distribution in the Industrial Products Industry

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

* The bar in red indicates where Plug Power's Days Inventory falls into.

Plug Power Days Inventory Calculation

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

Plug Power'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
=	( (609.48	+	881.469)	/	2 )	/	1283.003	*	365
=	745.4745					/	1283.003	*	365
=	212.08

Plug Power'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
=	( (959.684	+	881.469)	/	2 )	/	407.559	*	365 / 4
=	920.5765					/	407.559	*	365 / 4
=	206.11

Plug Power (WBO:PLUG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	407.559	/	920.5765
	=	0.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	920.5765	/	203.722
	=	4.52

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.

Plug Power Days Inventory Related Terms

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

Plug Power (WBO:PLUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (WBO:PLUG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PLUG:USA PLUG:Mexico 1PLUG:Italy 0R1J:UK PLUN:Germany

Address

968 Albany Shaker Road, Latham, NY, USA, 12110

Website

https://www.plugpower.com

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.