Renewable Energy Group (Renewable Energy Group) Inventory Turnover : 1.71 (As of Mar. 2022)

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What is Renewable Energy Group 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. Renewable Energy Group's Cost of Goods Sold for the three months ended in Mar. 2022 was $868 Mil. Renewable Energy Group's Average Total Inventories for the quarter that ended in Mar. 2022 was $508 Mil. Renewable Energy Group's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Renewable Energy Group's Days Inventory for the three months ended in Mar. 2022 was 53.37.

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. Renewable Energy Group's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.54.

Renewable Energy Group Inventory Turnover Historical Data

The historical data trend for Renewable Energy Group'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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Renewable Energy Group Inventory Turnover Chart

Renewable Energy Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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13.05

11.77

12.63

10.00

8.59

Renewable Energy Group Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover	Get a 7-Day Free Trial															1.85	2.07	2.42	1.90	1.71

Renewable Energy Group Inventory Turnover Calculation

Renewable Energy Group's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	2874.157	/ (	(210.23	+	459.333)	/	2 )
=	2874.157	/	334.7815
=	8.59

Renewable Energy Group's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	868.239	/ (	(459.333	+	556.255)	/	2 )
=	868.239	/	507.794
=	1.71

Renewable Energy Group (NAS:REGI) 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.

Renewable Energy Group's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	507.794	/	868.239	*	365 / 4
	=	53.37

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.

Renewable Energy Group's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	507.794	/	935.989
	=	0.54

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.

Renewable Energy Group Inventory Turnover Related Terms

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Renewable Energy Group (Renewable Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renewable Energy Group Inc (NAS:REGI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

416 South Bell Avenue, Ames, IA, USA, 50010

Website

https://www.regi.com

Renewable Energy Group Inc is a producer and refiner of biofuels in the oil and gas industry. The company's operations include acquiring feedstock, operating biorefineries, and marketing and distributing renewable fuels. Its operating segments include Biomass-based Diesel, Services, and Corporate and other. The majority of the company's revenue comes from the sale of biomass-based diesel. Geographically, it operates in the United States, Germany and Other Foreign countries of which the United States derived maximum revenue. At its biorefineries, natural fats, oils, and greases are converted into biofuels and renewable chemicals.

Executives

Stacey Orlandi	other: SVP, Manufacturing	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Eric Bowen	officer: VP, Corp Bus Dev and Legal	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Dylan Glenn	director	535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Todd Samuels	other: Chief Accounting Officer	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Chad Stone	officer: Chief Financial Officer	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Cynthia J Warner	director, officer: President and CEO	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Harding Peter John Martin	director	416 S. BELL AVE. AMES IA 50010
Richard Craig Bealmear	officer: Chief Financial Officer	1114 COLFAX STREET EVANSTON IL 60201
Jeffrey Stroburg	director	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Christopher D. Sorrells	director	REG NEWCO, INC., 416 S. BELL AVENUE, AMES IA 50010
Todd Allen Robinson	officer: InterimChief Financial Officer	RENEWABLE ENERGY, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Walter Z Berger	director	416 SOUTH BELL AVENUE, AMES IA 50010
Gary Haer	officer: VP, Sales and Marketing	416 SOUTH BELL AVENUE C/O RENEWABLE ENERGY GROUP, INC. AMES IA 50010
Michael M Scharf	director	12312 OLIVE BOULEVARD SUITE 400 ST. LOUIS MO 63141