Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Inventory Turnover : 1.76 (As of Mar. 2024)

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What is Atlantica Sustainable Infrastructure Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Atlantica Sustainable Infrastructure's Cost of Goods Sold for the three months ended in Mar. 2024 was $54 Mil. Atlantica Sustainable Infrastructure's Average Total Inventories for the quarter that ended in Mar. 2024 was $31 Mil. Atlantica Sustainable Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlantica Sustainable Infrastructure's Days Inventory for the three months ended in Mar. 2024 was 51.72.

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. Atlantica Sustainable Infrastructure's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Atlantica Sustainable Infrastructure Inventory Turnover Historical Data

The historical data trend for Atlantica Sustainable Infrastructure's Inventory Turnover 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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Atlantica Sustainable Infrastructure Inventory Turnover Chart

Atlantica Sustainable Infrastructure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.73

6.63

9.90

6.83

6.33

Atlantica Sustainable Infrastructure Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.41	1.27	1.30	2.18	1.76

Atlantica Sustainable Infrastructure Inventory Turnover Calculation

Atlantica Sustainable Infrastructure's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	203.644	/ (	(34.511	+	29.87)	/	2 )
=	203.644	/	32.1905
=	6.33

Atlantica Sustainable Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	53.877	/ (	(29.87	+	31.21)	/	2 )
=	53.877	/	30.54
=	1.76

Atlantica Sustainable Infrastructure (NAS:AY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Atlantica Sustainable Infrastructure's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	30.54	/	53.877	*	365 / 4
	=	51.72

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.

Atlantica Sustainable Infrastructure's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	30.54	/	242.933
	=	0.13

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Atlantica Sustainable Infrastructure Inventory Turnover Related Terms

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Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Business Description

Industry

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AY3:Germany

Address

Great West Road, 17th Floor, Great West House, GW1, Brentford, GBR, TW8 9DF

Website

https://www.atlantica.com

Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production of electricity from solar power and wind plants. Atlantica derives most of its revenues from EMEA, followed by South America and North America.