AQN (Algonquin Power & Utilities) Change In Inventory : $9 Mil (TTM As of Sep. 2024)

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What is Algonquin Power & Utilities Change In Inventory?

Algonquin Power & Utilities's change in inventory for the quarter that ended in Sep. 2024 was $4 Mil. It means Algonquin Power & Utilities's inventory declined by $4 Mil from Jun. 2024 to Sep. 2024 .

Algonquin Power & Utilities's change in inventory for the fiscal year that ended in Dec. 2023 was $-2 Mil. It means Algonquin Power & Utilities's inventory increased by $2 Mil from Dec. 2022 to Dec. 2023 .

Algonquin Power & Utilities's Total Inventories for the quarter that ended in Sep. 2024 was $228 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algonquin Power & Utilities's Days Inventory for the quarter that ended in Sep. 2024 was 174.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Algonquin Power & Utilities's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.52.

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. Algonquin Power & Utilities's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.40.

Algonquin Power & Utilities Change In Inventory Historical Data

The historical data trend for Algonquin Power & Utilities's Change In 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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Algonquin Power & Utilities Change In Inventory Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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7.96

1.30

-43.20

-45.23

-2.17

Algonquin Power & Utilities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-12.71	13.34	-3.72	-4.47	3.80

Algonquin Power & Utilities Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9 Mil.

Algonquin Power & Utilities (NYSE:AQN) Change In Inventory Explanation

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

Algonquin Power & Utilities's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	231.4395	/	120.996	*	365 / 4
	=	174.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Algonquin Power & Utilities's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	120.996	/	231.4395
	=	0.52

3. 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.

Algonquin Power & Utilities's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	231.4395	/	573.199
	=	0.40

Algonquin Power & Utilities Change In Inventory Related Terms

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Algonquin Power & Utilities Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (NYSE:AQN) » Definitions » Change In Inventory

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Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.