Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Inventory Turnover : 23.13 (As of Dec. 2023)

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What is Cia Paranaense De Energia Copel Inventory Turnover?

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. Cia Paranaense De Energia Copel's Cost of Goods Sold for the three months ended in Dec. 2023 was $848 Mil. Cia Paranaense De Energia Copel's Average Total Inventories for the quarter that ended in Dec. 2023 was $37 Mil. Cia Paranaense De Energia Copel's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cia Paranaense De Energia Copel's Days Inventory for the three months ended in Dec. 2023 was 3.95.

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. Cia Paranaense De Energia Copel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Cia Paranaense De Energia Copel Inventory Turnover Historical Data

The historical data trend for Cia Paranaense De Energia Copel's Inventory Turnover 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.

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Cia Paranaense De Energia Copel Inventory Turnover Chart

Cia Paranaense De Energia Copel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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90.50

81.82

-93.41

-92.59

92.96

Cia Paranaense De Energia Copel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-147.06	19.69	22.05	22.54	23.13

Cia Paranaense De Energia Copel Inventory Turnover Calculation

Cia Paranaense De Energia Copel's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3384.103	/ (	(37.147	+	35.66)	/	2 )
=	3384.103	/	36.4035
=	92.96

Cia Paranaense De Energia Copel's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	847.731	/ (	(37.641	+	35.66)	/	2 )
=	847.731	/	36.6505
=	23.13

Cia Paranaense De Energia Copel (NYSE:ELP) 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.

Cia Paranaense De Energia Copel's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	36.6505	/	847.731	*	365 / 4
	=	3.95

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.

Cia Paranaense De Energia Copel's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	36.6505	/	1136.311
	=	0.03

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.

Cia Paranaense De Energia Copel Inventory Turnover Related Terms

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Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Paranaense De Energia Copel (NYSE:ELP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ELPC:USA XCOP:Spain ELPA:Germany CPLE6:Brazil CPLE5:Brazil CPLE3:Brazil

Address

Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240

Website

https://www.copel.com

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and Holding and Services. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.