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Cloudberry Clean Energy ASA (CHIX:CLOUDO) Days Inventory : 1,130.49 (As of Mar. 2024)


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What is Cloudberry Clean Energy ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cloudberry Clean Energy ASA's Average Total Inventories for the three months ended in Mar. 2024 was kr111.5 Mil. Cloudberry Clean Energy ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr9.0 Mil. Hence, Cloudberry Clean Energy ASA's Days Inventory for the three months ended in Mar. 2024 was 1,130.49.

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

CHIX:CLOUDo' s Days Inventory Range Over the Past 10 Years
Min: 548.54   Med: 5031.72   Max: 85998.3
Current: 548.54

During the past 6 years, Cloudberry Clean Energy ASA's highest Days Inventory was 85998.30. The lowest was 548.54. And the median was 5031.72.

CHIX:CLOUDo's Days Inventory is ranked worse than
93.92% of 329 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.41 vs CHIX:CLOUDo: 548.54

Cloudberry Clean Energy ASA's Days Inventory declined from Mar. 2023 (3,391.46) to Mar. 2024 (1,130.49).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cloudberry Clean Energy ASA's Inventory Turnover for the three months ended in Mar. 2024 was 0.08.

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. Cloudberry Clean Energy ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.88.


Cloudberry Clean Energy ASA Days Inventory Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA Days Inventory Chart

Cloudberry Clean Energy ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial - 85,998.30 7,097.81 2,965.63 584.57

Cloudberry Clean Energy ASA Quarterly Data
Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,391.46 2,383.91 1,212.32 176.11 1,130.49

Competitive Comparison of Cloudberry Clean Energy ASA's Days Inventory

For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.


Cloudberry Clean Energy ASA's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cloudberry Clean Energy ASA's Days Inventory falls into.



Cloudberry Clean Energy ASA Days Inventory Calculation

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

Cloudberry Clean Energy ASA'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
=( (106 + 99) / 2 ) / 64*365
=102.5 / 64*365
=584.57

Cloudberry Clean Energy ASA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (99 + 124) / 2 ) / 9*365 / 4
=111.5 / 9*365 / 4
=1,130.49

* 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.


Cloudberry Clean Energy ASA  (CHIX:CLOUDo) 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.

Cloudberry Clean Energy ASA's Inventory Turnover for the three months ended in Mar. 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.

Cloudberry Clean Energy ASA's Inventory to Revenue for the three months ended in Mar. 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.


Cloudberry Clean Energy ASA Days Inventory Related Terms

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


Cloudberry Clean Energy ASA (CHIX:CLOUDO) Business Description

Traded in Other Exchanges
Address
Froyas gate 15, Oslo, NOR, NO-0273
Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

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