Atlantic Power (TSX:ATP) Inventory Turnover : 2.35 (As of Mar. 2021)

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What is Atlantic Power 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. Atlantic Power's Cost of Goods Sold for the three months ended in Mar. 2021 was C$52.5 Mil. Atlantic Power's Average Total Inventories for the quarter that ended in Mar. 2021 was C$22.4 Mil. Atlantic Power's Inventory Turnover for the quarter that ended in Mar. 2021 was 2.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlantic Power's Days Inventory for the three months ended in Mar. 2021 was 38.91.

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. Atlantic Power's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.25.

Atlantic Power Inventory Turnover Historical Data

The historical data trend for Atlantic 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.

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Atlantic Power Inventory Turnover Chart

Atlantic Power Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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15.26

11.28

9.69

8.60

8.57

Atlantic Power Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															2.42	2.14	2.06	2.35	2.35

Atlantic Power Inventory Turnover Calculation

Atlantic Power's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	205.457	/ (	(24.494	+	23.44)	/	2 )
=	205.457	/	23.967
=	8.57

Atlantic Power's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	52.539	/ (	(23.44	+	21.367)	/	2 )
=	52.539	/	22.4035
=	2.35

Atlantic Power (TSX:ATP) 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.

Atlantic Power's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	22.4035	/	52.539	*	365 / 4
	=	38.91

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.

Atlantic Power's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	22.4035	/	90.497
	=	0.25

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.

Atlantic Power Inventory Turnover Related Terms

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Atlantic Power (TSX:ATP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantic Power Corp (TSX:ATP) » Definitions » Inventory Turnover

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Address

3 Allied Drive, Suite 155, Dedham, MA, USA, 02026

Website

https://www.atlanticpower.com

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

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