ICP (IC Power) Days Inventory: 19.79 (As of Sep. 2016)


What is IC Power Days Inventory?

IC Power ICP Days Inventory is 19.79 as of Sep. 2016.

Days Inventory is also known as Days Sales of Inventory (DSI). IC Power's Average Total Inventories for the three months ended in Sep. 2016 was $86.61 Mil. IC Power's Cost of Goods Sold for the three months ended in Sep. 2016 was $399.31 Mil. Hence, IC Power's Days Inventory for the three months ended in Sep. 2016 was 19.79.

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

ICP's Days Inventory is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 28.77
* Ranked among companies with meaningful Days Inventory only.

IC Power's Days Inventory increased from Sep. 2015 (19.20) to Sep. 2016 (19.79). It might indicate that IC Power's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IC Power's Inventory Turnover for the three months ended in Sep. 2016 was 4.61.

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. IC Power's Inventory-to-Revenue for the three months ended in Sep. 2016 was 0.17.

IC Power  (NYSE:ICP) 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.

IC Power's Inventory Turnover for the three months ended in Sep. 2016 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=399.313 / 86.6055
=4.61

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.

IC Power's Inventory to Revenue for the three months ended in Sep. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=86.6055 / 502.08
=0.17

* 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.

IC Power Days Inventory Related Terms

IC Power Days Inventory Historical Data

* Premium members only.

The historical data trend for IC Power'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.

IC Power Days Inventory Chart

IC Power Annual Data
Trend Dec12 Dec13 Dec14 Dec15
Days Inventory
0.00 15.67 14.76 18.91

IC Power Quarterly Data
Dec12 Dec13 Mar14 Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.20 19.35 14.27 16.80 19.79

ICP vs CETY, QPWR, PSPW: Days Inventory Comparison

For the Utilities - Independent Power Producers subindustry, IC Power'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.

IC Power Days Inventory vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where IC Power's Days Inventory falls into.


IC Power Days Inventory Calculation

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

IC Power's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2014 ) + Total Inventories (A: Dec. 2015 )) / count ) / Cost of Goods Sold (A: Dec. 2015 )*Days in Period
=( (55.335 + 50.351) / 2 ) / 1019.899*365
=52.843 / 1019.899*365
=18.91

IC Power's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2016 ) + Total Inventories (Q: Sep. 2016 )) / count ) / Cost of Goods Sold (Q: Sep. 2016 )*Days in Period
=( (86.286 + 86.925) / 2 ) / 399.313*365 / 4
=86.6055 / 399.313*365 / 4
=19.79

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 19.79 mean?
IC Power (ICP) has a Days Inventory of 19.79 as of Sep. 2016. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on IC Power and its competitors.
Is IC Power's Days Inventory too high?
IC Power's current Days Inventory is 19.79. The Utilities - Independent Power Producers industry median Days Inventory is 28.77. IC Power's value of 19.79 is 31.2% below this industry median.
How does IC Power's Days Inventory compare to CETY and QPWR?
IC Power's Days Inventory of 19.79 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Days Inventory is 28.77. IC Power's value of 19.79 is 31.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Utilities - Independent Power Producers company?
The median Days Inventory among Utilities - Independent Power Producers companies is 28.77, based on 332 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IC Power's current Days Inventory of 19.79 is 31.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on IC Power and its competitors. For the Utilities - Independent Power Producers industry, the median Days Inventory is 28.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Power's current Days Inventory is 19.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Power stock overvalued right now?
IC Power (ICP) has a current Days Inventory of 19.79. The current Days Inventory is 19.79 and 31.2% below the Utilities - Independent Power Producers industry median of 28.77. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For IC Power (ICP), the current Days Inventory is 19.79 as of Sep. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

IC Power Business Description

IC Power Pte Ltd is a holding company incorporated under the laws of Singapore in May 2015. The Company through its subsidiaries owns, develops and operates power facilities located in power generation markets in Latin America, the Caribbean and Israel, utilizing a range of fuels, including natural gas, hydroelectric, HFO, diesel and wind. The Company has installed capacity of approximately 2,642 MW. The Company operates in geographical areas including Peru; Israel; Central America including Nicaragua, Guatemala, El Salvador & Panama; and other including Bolivia, Chile, Jamaica, Colombia & Dominican Republic. The Company owns, operates and develops power plants to generate and sell electricity to distribution companies and unregulated consumers under long-term PPAs and to the spot market. The Company Peru segment includes Kallpa I, Kallpa II, Kallpa III, Kallpa IV and Las Flores turbines. The Israel segment includes OPC plant. The Central America segment includes Corinto, Tipitapa Power, Amayo I, and Amayo II in Nicaragua; Puerto Quetzal plant in Guatemala; Nejapa plant in El Salvador, and Kanan plant in Panama. The Other segment includes Zongo Valley plants including Zongo, Tiquimani, Botijlaca, Cutichucho, Santa Rosa, Sainani, Chururaqui, Harca, Cahua, & Huaji; and Miguillas Valley plants including Miguillas, Angostura, Choquetanga, Carabuco, and El Alto-Kenko all in Bolivia; Central Cardones plant in Chile; Colmito plant in Colmito; CEPP I & CEPP II in Dominican Republic; JPPC plant in Jamaica; La Hocha, Purificación, and Entrerios plants in Colombia; Pedregal in Panama. The Company offers services to governments, local distribution companies, and/or non-regulated consumers, depending upon the operating company and the particular country of operation. Its customers include Edelnor S.A.A., Luz del Sur S.A.A., Hidrandina S.A., Edecañete S.A., Electro Sur Este S.A.A., Sociedad Eléctrica del Sur Oeste, S.A., Distribuidora de Electricidad del Norte S.A., Distribuidora de Electricidad del Sur S.A., Southern Perú Copper Corporation, Empresa de Distribución Eléctrica Chiriqui, S.A., Peruvian Investment Promotion Agency, Empresa de Distribución Eléctrica Metro Oeste S.A., and others. The Company's competitors include IEC, Dorad Energy Ltd., and other IPPs. The Company's business is subject to significant and diverse government regulation.