Corporacion Acciona Energias Renovables (XMAD:ANE) Days Inventory : 29.18 (As of Dec. 2023)

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What is Corporacion Acciona Energias Renovables Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Corporacion Acciona Energias Renovables's Average Total Inventories for the six months ended in Dec. 2023 was €169 Mil. Corporacion Acciona Energias Renovables's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,054 Mil. Hence, Corporacion Acciona Energias Renovables's Days Inventory for the six months ended in Dec. 2023 was 29.18.

The historical rank and industry rank for Corporacion Acciona Energias Renovables's Days Inventory or its related term are showing as below:

XMAD:ANE' s Days Inventory Range Over the Past 10 Years
Min: 19.95 Med: 35.34 Max: 41.83
Current: 31.07

During the past 6 years, Corporacion Acciona Energias Renovables's highest Days Inventory was 41.83. The lowest was 19.95. And the median was 35.34.

XMAD:ANE's Days Inventory is ranked worse than
50.15% of 323 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.07 vs XMAD:ANE: 31.07

Corporacion Acciona Energias Renovables's Days Inventory increased from Dec. 2022 (21.65) to Dec. 2023 (29.18). It might indicate that Corporacion Acciona Energias Renovables's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corporacion Acciona Energias Renovables's Inventory Turnover for the six months ended in Dec. 2023 was 6.26.

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. Corporacion Acciona Energias Renovables's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.

Corporacion Acciona Energias Renovables Days Inventory Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables Days Inventory Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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41.83

38.44

32.24

19.95

31.04

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					26.79	24.04	21.65	33.48	29.18

Competitive Comparison of Corporacion Acciona Energias Renovables's Days Inventory

For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's Days Inventory distribution charts can be found below:

* The bar in red indicates where Corporacion Acciona Energias Renovables's Days Inventory falls into.

Corporacion Acciona Energias Renovables Days Inventory Calculation

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

Corporacion Acciona Energias Renovables'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
=	( (148	+	175)	/	2 )	/	1899	*	365
=	161.5					/	1899	*	365
=	31.04

Corporacion Acciona Energias Renovables'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (162	+	175)	/	2 )	/	1054	*	365 / 2
=	168.5					/	1054	*	365 / 2
=	29.18

Corporacion Acciona Energias Renovables (XMAD:ANE) 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.

Corporacion Acciona Energias Renovables's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1054	/	168.5
	=	6.26

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.

Corporacion Acciona Energias Renovables's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	168.5	/	1787
	=	0.09

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.

Corporacion Acciona Energias Renovables Days Inventory Related Terms

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

Corporacion Acciona Energias Renovables (XMAD:ANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (XMAD:ANE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ANEe:UK 5BP:Germany

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.

Corporacion Acciona Energias Renovables (XMAD:ANE) Headlines

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