Ormat Technologies (LTS:0KDH) Inventory Turnover : 2.94 (As of Mar. 2024)

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What is Ormat Technologies 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. Ormat Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $145.4 Mil. Ormat Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was $49.5 Mil. Ormat Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ormat Technologies's Days Inventory for the three months ended in Mar. 2024 was 31.05.

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. Ormat Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Ormat Technologies Inventory Turnover Historical Data

The historical data trend for Ormat Technologies'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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Ormat Technologies Inventory Turnover Chart

Ormat Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.92

12.21

12.51

18.15

16.66

Ormat Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.20	3.49	3.58	3.62	2.94

Ormat Technologies Inventory Turnover Calculation

Ormat Technologies'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 )
=	565.406	/ (	(22.832	+	45.037)	/	2 )
=	565.406	/	33.9345
=	16.66

Ormat Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	145.356	/ (	(45.037	+	53.874)	/	2 )
=	145.356	/	49.4555
=	2.94

Ormat Technologies (LTS:0KDH) 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.

Ormat Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	49.4555	/	145.356	*	365 / 4
	=	31.05

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.

Ormat Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	49.4555	/	224.166
	=	0.22

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.

Ormat Technologies Inventory Turnover Related Terms

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Ormat Technologies (LTS:0KDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (LTS:0KDH) » Definitions » Inventory Turnover

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ORA:USA ORA:Israel HNM:Germany

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

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