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WEC Energy Group (BSP:W1EC34) Days Inventory : 61.53 (As of Sep. 2024)


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What is WEC Energy Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). WEC Energy Group's Average Total Inventories for the three months ended in Sep. 2024 was R$4,061 Mil. WEC Energy Group's Cost of Goods Sold for the three months ended in Sep. 2024 was R$6,023 Mil. Hence, WEC Energy Group's Days Inventory for the three months ended in Sep. 2024 was 61.53.

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

BSP:W1EC34' s Days Inventory Range Over the Past 10 Years
Min: 38.39   Med: 41.98   Max: 54.57
Current: 54.33

During the past 13 years, WEC Energy Group's highest Days Inventory was 54.57. The lowest was 38.39. And the median was 41.98.

BSP:W1EC34's Days Inventory is ranked worse than
77.75% of 454 companies
in the Utilities - Regulated industry
Industry Median: 23.48 vs BSP:W1EC34: 54.33

WEC Energy Group's Days Inventory increased from Sep. 2023 (55.51) to Sep. 2024 (61.53). It might indicate that WEC Energy Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. WEC Energy Group's Inventory Turnover for the three months ended in Sep. 2024 was 1.48.

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. WEC Energy Group's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.39.


WEC Energy Group Days Inventory Historical Data

The historical data trend for WEC Energy Group'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.

WEC Energy Group Days Inventory Chart

WEC Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.09 40.56 38.33 43.26 56.53

WEC Energy Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.51 53.12 42.92 57.24 61.53

Competitive Comparison of WEC Energy Group's Days Inventory

For the Utilities - Regulated Electric subindustry, WEC Energy Group'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.


WEC Energy Group's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, WEC Energy Group's Days Inventory distribution charts can be found below:

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



WEC Energy Group Days Inventory Calculation

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

WEC Energy Group'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
=( (4233.562 + 3798.325) / 2 ) / 25928.271*365
=4015.9435 / 25928.271*365
=56.53

WEC Energy Group's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (3747.648 + 4374.308) / 2 ) / 6022.911*365 / 4
=4060.978 / 6022.911*365 / 4
=61.53

* 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.


WEC Energy Group  (BSP:W1EC34) 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.

WEC Energy Group's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

WEC Energy Group's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


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.


WEC Energy Group Days Inventory Related Terms

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


WEC Energy Group Business Description

Traded in Other Exchanges
Address
231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.

WEC Energy Group Headlines

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