Algonquin Power & Utilities (Algonquin Power & Utilities) Days Inventory : 120.29 (As of Dec. 2023)

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What is Algonquin Power & Utilities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Algonquin Power & Utilities's Average Total Inventories for the three months ended in Dec. 2023 was $233.76 Mil. Algonquin Power & Utilities's Cost of Goods Sold for the three months ended in Dec. 2023 was $177.32 Mil. Hence, Algonquin Power & Utilities's Days Inventory for the three months ended in Dec. 2023 was 120.29.

The historical rank and industry rank for Algonquin Power & Utilities's Days Inventory or its related term are showing as below:

AQNU' s Days Inventory Range Over the Past 10 Years
Min: 28.31 Med: 72.88 Max: 112.8
Current: 111.31

During the past 13 years, Algonquin Power & Utilities's highest Days Inventory was 112.80. The lowest was 28.31. And the median was 72.88.

AQNU's Days Inventory is ranked worse than
81.17% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.02 vs AQNU: 111.31

Algonquin Power & Utilities's Days Inventory increased from Dec. 2022 (80.14) to Dec. 2023 (120.29). It might indicate that Algonquin Power & Utilities'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. Algonquin Power & Utilities's Inventory Turnover for the three months ended in Dec. 2023 was 0.76.

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 three months ended in Dec. 2023 was 0.35.

Algonquin Power & Utilities Days Inventory Historical Data

The historical data trend for Algonquin Power & Utilities'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.

Algonquin Power & Utilities Days Inventory Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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76.86

102.74

79.86

84.83

112.10

Algonquin Power & Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															80.14	71.05	138.36	150.95	120.29

Competitive Comparison of Algonquin Power & Utilities's Days Inventory

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.

Algonquin Power & Utilities's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Days Inventory distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Days Inventory falls into.

Algonquin Power & Utilities Days Inventory Calculation

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 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
=	( (224.921	+	227.132)	/	2 )	/	735.945	*	365
=	226.0265					/	735.945	*	365
=	112.10

Algonquin Power & Utilities'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (240.383	+	227.132)	/	2 )	/	177.319	*	365 / 4
=	233.7575					/	177.319	*	365 / 4
=	120.29

Algonquin Power & Utilities (NYSE:AQNU) 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.

Algonquin Power & Utilities's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	177.319	/	233.7575
	=	0.76

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.

Algonquin Power & Utilities's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	233.7575	/	666.779
	=	0.35

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.

Algonquin Power & Utilities Days Inventory Related Terms

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

Algonquin Power & Utilities (Algonquin Power & Utilities) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada AQN:Canada

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.