Ballard Power Systems (XSWX:BLDP) Inventory Turnover: 0.38 (As of Mar. 2026)


XSWX:BLDP Ballard Power Systems Inc XSWX:BLDP
70 GF Score
Price CHF2.96
GF Value CHF2.37
! 3 Warning Signs
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What is Ballard Power Systems Inventory Turnover?

Ballard Power Systems XSWX:BLDP 70 Inventory Turnover is 0.38 as of Mar. 2026. GuruFocus rates XSWX:BLDP with a GF Score™ of 70/100 and a GF Value™ of CHF2.37. The stock has 3 warning signs investors should review.

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. Ballard Power Systems's Cost of Goods Sold for the three months ended in Mar. 2026 was CHF13.12 Mil. Ballard Power Systems's Average Total Inventories for the quarter that ended in Mar. 2026 was CHF34.68 Mil. Ballard Power Systems's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ballard Power Systems's Days Inventory for the three months ended in Mar. 2026 was 241.30.

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. Ballard Power Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 2.27.

Ballard Power Systems  (XSWX:BLDP) 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.

Ballard Power Systems's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=34.681/13.115*365 / 4
=241.30

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.

Ballard Power Systems's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=34.681 / 15.29
=2.27

* 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.

Ballard Power Systems Inventory Turnover Related Terms

Ballard Power Systems Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Ballard Power Systems'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.

Ballard Power Systems Inventory Turnover Chart

Ballard Power Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 1.75 2.29 1.82 1.76

Ballard Power Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.28 0.42 0.54 0.38
XSWX:BLDP
70GF Score
Ballard Power Systems Inc XSWX:BLDP
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Ballard Power Systems Inventory Turnover Calculation

Ballard Power Systems's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=74.835 / ((50.301 + 34.88) / 2 )
=74.835 / 42.5905
=1.76

Ballard Power Systems's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=13.115 / ((34.88 + 34.482) / 2 )
=13.115 / 34.681
=0.38

* 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 0.38 mean?
Ballard Power Systems (XSWX:BLDP) has a Inventory Turnover of 0.38 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ballard Power Systems and its competitors.
Is Ballard Power Systems' Inventory Turnover too high?
Ballard Power Systems' current Inventory Turnover is 0.38. Overall, Ballard Power Systems has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Inventory Turnover compare to VRT and BE?
Ballard Power Systems' Inventory Turnover of 0.38 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Inventory Turnover depends on the Industrial Products 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 Ballard Power Systems and its competitors. Ballard Power Systems's current Inventory Turnover is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Inventory Turnover of 0.38. The stock's GF Value™ is CHF2.37, compared to a current price of CHF2.96 — trading 24.9% above its estimated fair value. The current Inventory Turnover is 0.38. Ballard Power Systems' overall GF Score™ is 70/100 with 3 warning signs to review. 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 Ballard Power Systems (XSWX:BLDP), the current Inventory Turnover is 0.38 as of Mar. 2026. 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.

Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?

Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued. The current stock price of CHF2.96 is trading 24.9% above its estimated GF Value™ of CHF2.37.

Key valuation signals for XSWX:BLDP:

  • Inventory Turnover: 0.38
  • GF Value™: CHF2.37 vs. price of CHF2.96 (24.9% above fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ballard Power Systems Business Description

Address 9000 Glenlyon Parkway, Legal Department, Burnaby, BC, CAN, V5J 5J8
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
70GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF2.96
Price
CHF2.37
GF Value