HLGN (Heliogen) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Heliogen 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. Heliogen's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.11 Mil. Heliogen's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heliogen's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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. Heliogen's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Heliogen Inventory Turnover Historical Data

The historical data trend for Heliogen'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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Heliogen Inventory Turnover Chart

Heliogen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

19.47

27.31

Heliogen Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial													0.40	15.65	0.78	2.16	-

Heliogen Inventory Turnover Calculation

Heliogen'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 )
=	60.048	/ (	(2.442	+	1.956)	/	2 )
=	60.048	/	2.199
=	27.31

Heliogen's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.11	/ (	(0	+	0)	/	1 )
=	1.11	/	0
=	N/A

Heliogen (OTCPK:HLGN) 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.

Heliogen's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	1.11	*	365 / 4
	=	0.00

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.

Heliogen's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	1.05
	=	0.00

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.

Heliogen Inventory Turnover Related Terms

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Heliogen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Heliogen Inc (OTCPK:HLGN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 West Union Street, Pasadena, CA, USA, 91103

Website

https://www.heliogen.com

Heliogen Inc is a concentrated solar energy system that is being developed to unlock the power of sunlight to replace fossil fuels. Powered by artificial intelligence (AI), its modular system aims to deliver low-cost renewable energy in the form of heat, power, or hydrogen fuel.

Executives

Phyllis W. Newhouse	director	125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Nant Capital, Llc	10 percent owner	9922 JEFFERSON BOULEVARD, CULVER CITY CA 90232
William Gross	director, officer: Chief Executive Officer	C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
Barbara J Burger	director	130 WEST UNION STREET, PASADENA CA 91103
Sagar Kurada	officer: CFO and Head of Strategy	1323 W. SCHOOL STREET, CHICAGO IL 60657
Thomas P. Doyle	officer: Chief Commercial Officer	130 W UNION STREET, PASADENA CA 91103
Kelly Rosser	officer: Interim CFO, and CAO	ONE MEMORIAL CITY PLAZA, 800 GESSNER ROAD, SUITE 875, HOUSTON TX 77024
Christiana Obiaya	officer: Chief Executive Officer	130 W UNION STREET, PASADENA CA 91103
Prime Movers Lab Fund I Lp	10 percent owner	P.O. BOX 12829, JACKSON WY 83002
Prime Movers Lab Fund Ii Lp	10 percent owner	6765 CRYSTAL SPRINGS RD, TETON VILLAGE WY 83025
Paul Gauche	officer: Executive VP, Engineering	130 WEST UNION STREET, PASADENA CA 91103
Roger Lazarus	director	100 EL CAMINO REAL, GROUND SUITE, BURLINGAME CA 94010
Andrew Alan Lambert	officer: Chf. Mfg. & Sply. Chain Ofc.	130 WEST UNION STREET, PASADENA CA 91103
Neotribe Partners I, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Robert M Kavner	director	OVERTURE SERVICES, INC., P.O. BOX 1355, CARMEL CA 93921