Enphase Energy (XSWX:ENPH) Days Inventory : 128.32 (As of Mar. 2024)

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What is Enphase Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Enphase Energy's Average Total Inventories for the three months ended in Mar. 2024 was CHF185 Mil. Enphase Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was CHF131 Mil. Hence, Enphase Energy's Days Inventory for the three months ended in Mar. 2024 was 128.32.

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

XSWX:ENPH' s Days Inventory Range Over the Past 10 Years
Min: 21.88 Med: 33.12 Max: 67.91
Current: 67.91

During the past 13 years, Enphase Energy's highest Days Inventory was 67.91. The lowest was 21.88. And the median was 33.12.

XSWX:ENPH's Days Inventory is ranked better than
77.26% of 941 companies
in the Semiconductors industry
Industry Median: 130.77 vs XSWX:ENPH: 67.91

Enphase Energy's Days Inventory increased from Mar. 2023 (34.39) to Mar. 2024 (128.32). It might indicate that Enphase Energy'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. Enphase Energy's Inventory Turnover for the three months ended in Mar. 2024 was 0.71.

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. Enphase Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.79.

Enphase Energy Days Inventory Historical Data

The historical data trend for Enphase 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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Enphase Energy Days Inventory Chart

Enphase Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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21.95

32.89

25.29

30.04

55.51

Enphase Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															34.39	37.75	53.72	115.51	128.32

Competitive Comparison of Enphase Energy's Days Inventory

For the Solar subindustry, Enphase 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.

Enphase Energy's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Enphase Energy's Days Inventory distribution charts can be found below:

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

Enphase Energy Days Inventory Calculation

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

Enphase 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
=	( (139.468	+	184.717)	/	2 )	/	1065.778	*	365
=	162.0925					/	1065.778	*	365
=	55.51

Enphase Energy's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (184.717	+	184.734)	/	2 )	/	131.363	*	365 / 4
=	184.7255					/	131.363	*	365 / 4
=	128.32

Enphase Energy (XSWX:ENPH) 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.

Enphase Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	131.363	/	184.7255
	=	0.71

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.

Enphase Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	184.7255	/	234.003
	=	0.79

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.

Enphase Energy Days Inventory Related Terms

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

Enphase Energy (XSWX:ENPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Enphase Energy Inc (XSWX:ENPH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ENPH:USA ENPH:Mexico E0P:Germany ENPH:Austria

Address

47281 Bayside Parkway, Fremont, CA, USA, 94538

Website

https://www.enphase.com

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.