ENPH (Enphase Energy) Inventory Turnover: 0.63 (As of Mar. 2026)

What is Enphase Energy Inventory Turnover?

Enphase Energy ENPH -1.28% 76 Inventory Turnover is 0.63 as of Mar. 2026. GuruFocus rates ENPH with a GF Score™ of 76/100 and a GF Value™ of $62.52 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Enphase Energy's Cost of Goods Sold for the three months ended in Mar. 2026 was $183 Mil. Enphase Energy's Average Total Inventories for the quarter that ended in Mar. 2026 was $289 Mil. Enphase Energy's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enphase Energy's Days Inventory for the three months ended in Mar. 2026 was 144.68.

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. Enphase Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.02.

Enphase Energy (NAS:ENPH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Enphase Energy's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	289.374	/	182.507	*	365 / 4
	=	144.68

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.

Enphase Energy's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	289.374	/	282.9
	=	1.02

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Enphase Energy Inventory Turnover Related Terms

Enphase Energy Inventory Turnover Historical Data

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The historical data trend for Enphase Energy's Inventory Turnover can be seen below:

Enphase Energy Inventory Turnover Chart

Enphase Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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14.25

12.10

6.78

3.70

3.47

Enphase Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															1.22	1.22	1.18	0.80	0.63

76GF Score

Enphase Energy Inc ENPH

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Enphase Energy Inventory Turnover Calculation

Enphase Energy's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	785.981	/ (	(165.004	+	288.047)	/	2 )
=	785.981	/	226.5255
=	3.47

Enphase Energy's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	182.507	/ (	(288.047	+	290.701)	/	2 )
=	182.507	/	289.374
=	0.63

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.63 mean?

Enphase Energy (ENPH) has a Inventory Turnover of 0.63 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Enphase Energy and its competitors.

Is Enphase Energy's Inventory Turnover too high?

Enphase Energy's current Inventory Turnover is 0.63. Overall, Enphase Energy has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Enphase Energy's Inventory Turnover compare to SEDG and RUN?

Enphase Energy's Inventory Turnover of 0.63 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Semiconductors company?

A good Inventory Turnover depends on the Semiconductors industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Enphase Energy and its competitors. Enphase Energy's current Inventory Turnover is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Enphase Energy stock overvalued right now?

Based on GuruFocus' analysis, Enphase Energy (ENPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.52, compared to a current price of $47.21 — trading 24.5% below its estimated fair value. The current Inventory Turnover is 0.63. Enphase Energy's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Enphase Energy (ENPH), the current Inventory Turnover is 0.63 as of Mar. 2026. 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.

Is Enphase Energy (ENPH) Overvalued in 2026?

Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued. The current stock price of $47.21 is trading 24.5% below its estimated GF Value™ of $62.52. GuruFocus considers Enphase Energy to be Modestly Undervalued.

Key valuation signals for ENPH:

Inventory Turnover: 0.63
GF Value™: $62.52 vs. price of $47.21 (24.5% below fair value)
GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the ENPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Enphase Energy Business Description

Industry Technology Semiconductors

Comparable Companies SEDG RUN SHLS ARRY CSIQ JKS TOYO TYGO SPWR HYSR FSLR NXT SHSE:600438 NSE:WAAREEENER SHSE:688223 SHSE:688472 SZSE:002056 SHSE:688599 NSE:PREMIERENE XKRX:009830

Other Exchanges ENPH:Mexico 1ENPH:Italy 0QYE:UK E0P:Germany E2NP34:Brazil ENPH:Austria

Address 47281 Bayside Parkway, Fremont, CA, USA, 94538

Website https://www.enphase.com

Enphase Energy is a global energy technology company. It delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Enphase derives a majority of revenue from the United States.

76GF Score

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$47.21

Price

$62.52

GF Value

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