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Enerside Energy (XMAD:ENRS) Inventory Turnover : 0.23 (As of Dec. 2023)


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What is Enerside Energy 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. Enerside Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.33 Mil. Enerside Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was €27.96 Mil. Enerside Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enerside Energy's Days Inventory for the six months ended in Dec. 2023 was 806.50.

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. Enerside Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 7.54.

Enerside Energy Inventory Turnover Historical Data

The historical data trend for Enerside Energy'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.

* Premium members only.

Enerside Energy Inventory Turnover Chart

Enerside Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 0.48 0.05 0.07 0.73 0.46

Enerside Energy Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 0.25 0.18 0.38 0.23 0.23

Enerside Energy Inventory Turnover Calculation

Enerside Energy'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 )
=11.958 / ((22.767 + 28.711) / 2 )
=11.958 / 25.739
=0.46

Enerside Energy'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=6.327 / ((27.209 + 28.711) / 2 )
=6.327 / 27.96
=0.23

* 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.

Enerside Energy  (XMAD:ENRS) 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.

Enerside Energy's Days Inventory for the six 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
=27.96/6.327*365 / 2
=806.50

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.

Enerside Energy'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 )
=27.96 / 3.71
=7.54

* 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.

Enerside Energy Inventory Turnover Related Terms

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Enerside Energy (XMAD:ENRS) Business Description

Industry
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Traded in Other Exchanges
9O8:Germany
Address
Carrer Tuset 3, 3, Barcelona, ESP, 08006
Website
https://www.enerside.com
Enerside Energy SA is engaged in the development, construction, and maintenance of renewable energy projects. The company has solar photovoltaic generation projects for industrial clients in Europe and Latin America.

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