ICP (IC Power) Inventory Turnover: 4.61 (As of Sep. 2016)


What is IC Power Inventory Turnover?

IC Power ICP Inventory Turnover is 4.61 as of Sep. 2016.

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. IC Power's Cost of Goods Sold for the three months ended in Sep. 2016 was $399.31 Mil. IC Power's Average Total Inventories for the quarter that ended in Sep. 2016 was $86.61 Mil. IC Power's Inventory Turnover for the quarter that ended in Sep. 2016 was 4.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IC Power's Days Inventory for the three months ended in Sep. 2016 was 19.79.

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. IC Power's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.17.

IC Power  (NYSE:ICP) 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.

IC Power's Days Inventory for the three months ended in Sep. 2016 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2016 )/Cost of Goods Sold (Q: Sep. 2016 )*Days in Period
=86.6055/399.313*365 / 4
=19.79

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.

IC Power's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2016 ) / Revenue (Q: Sep. 2016 )
=86.6055 / 502.08
=0.17

* 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.

IC Power Inventory Turnover Related Terms

IC Power Inventory Turnover Historical Data

* Premium members only.

The historical data trend for IC Power'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.

IC Power Inventory Turnover Chart

IC Power Annual Data
Trend Dec12 Dec13 Dec14 Dec15
Inventory Turnover
0.00 23.29 24.74 19.30

IC Power Quarterly Data
Dec12 Dec13 Mar14 Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.75 4.72 6.40 5.43 4.61

IC Power Inventory Turnover Calculation

IC Power's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

Inventory Turnover (A: Dec. 2015 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2015 ) / ((Total Inventories (A: Dec. 2014 ) + Total Inventories (A: Dec. 2015 )) / count )
=1019.899 / ((55.335 + 50.351) / 2 )
=1019.899 / 52.843
=19.30

IC Power's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as

Inventory Turnover (Q: Sep. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2016 ) / ((Total Inventories (Q: Jun. 2016 ) + Total Inventories (Q: Sep. 2016 )) / count )
=399.313 / ((86.286 + 86.925) / 2 )
=399.313 / 86.6055
=4.61

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 4.61 mean?
IC Power (ICP) has a Inventory Turnover of 4.61 as of Sep. 2016. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on IC Power and its competitors.
Is IC Power's Inventory Turnover too high?
IC Power's current Inventory Turnover is 4.61.
How does IC Power's Inventory Turnover compare to CETY and QPWR?
IC Power's Inventory Turnover of 4.61 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Inventory Turnover depends on the Utilities - Independent Power Producers 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 IC Power and its competitors. IC Power's current Inventory Turnover is 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Power stock overvalued right now?
IC Power (ICP) has a current Inventory Turnover of 4.61. The current Inventory Turnover is 4.61. 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 IC Power (ICP), the current Inventory Turnover is 4.61 as of Sep. 2016. 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.

IC Power Business Description

IC Power Pte Ltd is a holding company incorporated under the laws of Singapore in May 2015. The Company through its subsidiaries owns, develops and operates power facilities located in power generation markets in Latin America, the Caribbean and Israel, utilizing a range of fuels, including natural gas, hydroelectric, HFO, diesel and wind. The Company has installed capacity of approximately 2,642 MW. The Company operates in geographical areas including Peru; Israel; Central America including Nicaragua, Guatemala, El Salvador & Panama; and other including Bolivia, Chile, Jamaica, Colombia & Dominican Republic. The Company owns, operates and develops power plants to generate and sell electricity to distribution companies and unregulated consumers under long-term PPAs and to the spot market. The Company Peru segment includes Kallpa I, Kallpa II, Kallpa III, Kallpa IV and Las Flores turbines. The Israel segment includes OPC plant. The Central America segment includes Corinto, Tipitapa Power, Amayo I, and Amayo II in Nicaragua; Puerto Quetzal plant in Guatemala; Nejapa plant in El Salvador, and Kanan plant in Panama. The Other segment includes Zongo Valley plants including Zongo, Tiquimani, Botijlaca, Cutichucho, Santa Rosa, Sainani, Chururaqui, Harca, Cahua, & Huaji; and Miguillas Valley plants including Miguillas, Angostura, Choquetanga, Carabuco, and El Alto-Kenko all in Bolivia; Central Cardones plant in Chile; Colmito plant in Colmito; CEPP I & CEPP II in Dominican Republic; JPPC plant in Jamaica; La Hocha, Purificación, and Entrerios plants in Colombia; Pedregal in Panama. The Company offers services to governments, local distribution companies, and/or non-regulated consumers, depending upon the operating company and the particular country of operation. Its customers include Edelnor S.A.A., Luz del Sur S.A.A., Hidrandina S.A., Edecañete S.A., Electro Sur Este S.A.A., Sociedad Eléctrica del Sur Oeste, S.A., Distribuidora de Electricidad del Norte S.A., Distribuidora de Electricidad del Sur S.A., Southern Perú Copper Corporation, Empresa de Distribución Eléctrica Chiriqui, S.A., Peruvian Investment Promotion Agency, Empresa de Distribución Eléctrica Metro Oeste S.A., and others. The Company's competitors include IEC, Dorad Energy Ltd., and other IPPs. The Company's business is subject to significant and diverse government regulation.