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SUME (Summer Energy Holdings) Days Inventory : 0.00 (As of Jun. 2024)


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What is Summer Energy Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Summer Energy Holdings's Average Total Inventories for the three months ended in Jun. 2024 was $0.0 Mil. Summer Energy Holdings's Cost of Goods Sold for the three months ended in Jun. 2024 was $62.5 Mil. Hence, Summer Energy Holdings's Days Inventory for the three months ended in Jun. 2024 was 0.00.

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

SUME's Days Inventory is not ranked *
in the Utilities - Regulated industry.
Industry Median: 23.48
* Ranked among companies with meaningful Days Inventory only.

Summer Energy Holdings's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Summer Energy Holdings's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.


Summer Energy Holdings Days Inventory Historical Data

The historical data trend for Summer Energy Holdings'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.

Summer Energy Holdings Days Inventory Chart

Summer Energy Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Days Inventory
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Summer Energy Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Summer Energy Holdings's Days Inventory

For the Utilities - Regulated Electric subindustry, Summer Energy Holdings'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.


Summer Energy Holdings's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Summer Energy Holdings's Days Inventory falls into.



Summer Energy Holdings Days Inventory Calculation

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

Summer Energy Holdings'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
=( (0 + 0) / 1 ) / 265.498*365
=0 / 265.498*365
=0.00

Summer Energy Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 62.514*365 / 4
=0 / 62.514*365 / 4
=0.00

* 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.


Summer Energy Holdings  (OTCPK:SUME) 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.

Summer Energy Holdings's Inventory Turnover for the three months ended in Jun. 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.

Summer Energy Holdings's Inventory to Revenue for the three months ended in Jun. 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.


Summer Energy Holdings Days Inventory Related Terms

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


Summer Energy Holdings Business Description

Traded in Other Exchanges
N/A
Address
5847 San Felipe Street, Suite 3700, Houston, TX, USA, 77057
Summer Energy Holdings Inc operates as a retail electricity provider. The company sells electricity and provides related billing, customer service, collections, and remittance services to residential and commercial customers. It derives revenue from the sale of electricity to residential and small commercial customers.
Executives
Jaleea Pyle George director, officer: CFO, Secretary 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
James P Stapleton director
Andrew Bursten director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Jeffery Mace Meeks director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Tom Davis Oleary director, 10 percent owner 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Stuart Charles Gaylor director 7807 MAIN STREET, HOUSTON TX 77030
Neil Leibman director, 10 percent owner, officer: CEO, President 5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Kelli Jean Mitchell officer: Chief Operating Officer 5847 SAN FELIPE STREET, SUITE 3700, HOUSTON TX 77057
Albert Jr Larose director 24918 PALMER COVE DRIVE, SPRING TX 77389
Angela Hanley officer: Sr VP of Operations & Mktg 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Maa Holdings, Ltd. 10 percent owner 515 W. FRIAR TUCK LANE, HOUSTON TX 77024
Michael D Vanderhoof director PO BOX 715, OAKLEY UT 84055
Tom M. Davis Family Lands Trust 10 percent owner 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Meryl Lee Roberts 10 percent owner 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Andrew J. Priest director 800 BERING DRIVE, SUITE 260, HOUSTON TX 77057

Summer Energy Holdings Headlines