Sunnova Energy International (STU:7SE) Days Inventory : 123.04 (As of Mar. 2024)

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What is Sunnova Energy International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunnova Energy International's Average Total Inventories for the three months ended in Mar. 2024 was €128.3 Mil. Sunnova Energy International's Cost of Goods Sold for the three months ended in Mar. 2024 was €95.1 Mil. Hence, Sunnova Energy International's Days Inventory for the three months ended in Mar. 2024 was 123.04.

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

STU:7SE' s Days Inventory Range Over the Past 10 Years
Min: 91.33 Med: 180.02 Max: 427.98
Current: 131.76

During the past 7 years, Sunnova Energy International's highest Days Inventory was 427.98. The lowest was 91.33. And the median was 180.02.

STU:7SE's Days Inventory is ranked worse than
50.74% of 942 companies
in the Semiconductors industry
Industry Median: 130.435 vs STU:7SE: 131.76

Sunnova Energy International's Days Inventory declined from Mar. 2023 (154.85) to Mar. 2024 (123.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunnova Energy International's Inventory Turnover for the three months ended in Mar. 2024 was 0.74.

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. Sunnova Energy International's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.87.

Sunnova Energy International Days Inventory Historical Data

The historical data trend for Sunnova Energy International'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.

Sunnova Energy International Days Inventory Chart

Sunnova Energy International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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202.94

421.38

414.42

151.81

130.28

Sunnova Energy International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															154.85	188.34	124.21	105.90	123.04

Competitive Comparison of Sunnova Energy International's Days Inventory

For the Solar subindustry, Sunnova Energy International'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.

Sunnova Energy International's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's Days Inventory falls into.

Sunnova Energy International Days Inventory Calculation

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

Sunnova Energy International'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
=	( (143.595	+	136.243)	/	2 )	/	392.015	*	365
=	139.919					/	392.015	*	365
=	130.28

Sunnova Energy International'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
=	( (136.243	+	120.296)	/	2 )	/	95.125	*	365 / 4
=	128.2695					/	95.125	*	365 / 4
=	123.04

Sunnova Energy International (STU:7SE) 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.

Sunnova Energy International's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	95.125	/	128.2695
	=	0.74

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.

Sunnova Energy International's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	128.2695	/	148.032
	=	0.87

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.

Sunnova Energy International Days Inventory Related Terms

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

Sunnova Energy International (STU:7SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunnova Energy International Inc (STU:7SE) » Definitions » Days Inventory

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NOVA:USA

Address

20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046

Website

https://www.sunnova.com

Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.

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