Plug Power (XSWX:PLUG) Inventory Turnover: 0.35 (As of Mar. 2026)

What is Plug Power Inventory Turnover?

Plug Power XSWX:PLUG -0.95% 42 Inventory Turnover is 0.35 as of Mar. 2026. GuruFocus rates XSWX:PLUG with a GF Score™ of 42/100 and a GF Value™ of CHF1.20. The stock has 6 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. Plug Power's Cost of Goods Sold for the three months ended in Mar. 2026 was CHF145.7 Mil. Plug Power's Average Total Inventories for the quarter that ended in Mar. 2026 was CHF410.8 Mil. Plug Power's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plug Power's Days Inventory for the three months ended in Mar. 2026 was 257.18.

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. Plug Power's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 3.19.

Plug Power (XSWX:PLUG) 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.

Plug Power'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
	=	410.763	/	145.745	*	365 / 4
	=	257.18

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.

Plug Power'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 )
	=	410.763	/	128.734
	=	3.19

* 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.

Plug Power Inventory Turnover Related Terms

Plug Power Inventory Turnover Historical Data

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The historical data trend for Plug Power's Inventory Turnover can be seen below:

Plug Power Inventory Turnover Chart

Plug Power Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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3.38

1.97

1.69

1.55

1.48

Plug Power 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															0.30	0.33	0.49	0.41	0.35

42GF Score

Plug Power Inc XSWX:PLUG

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Plug Power Inventory Turnover Calculation

Plug Power'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 )
=	758.616	/ (	(608.644	+	415.159)	/	2 )
=	758.616	/	511.9015
=	1.48

Plug Power'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 )
=	145.745	/ (	(415.159	+	406.367)	/	2 )
=	145.745	/	410.763
=	0.35

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.35 mean?

Plug Power (XSWX:PLUG) has a Inventory Turnover of 0.35 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Plug Power and its competitors.

Is Plug Power's Inventory Turnover too high?

Plug Power's current Inventory Turnover is 0.35. Overall, Plug Power has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.

How does Plug Power's Inventory Turnover compare to HAYW and TE?

Plug Power's Inventory Turnover of 0.35 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 Plug Power and its competitors. Plug Power's current Inventory Turnover is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Plug Power stock overvalued right now?

Plug Power (XSWX:PLUG) has a current Inventory Turnover of 0.35. The stock's GF Value™ is CHF1.20, compared to a current price of CHF2.08 — trading 73.3% above its estimated fair value. The current Inventory Turnover is 0.35. Plug Power's overall GF Score™ is 42/100 with 6 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 Plug Power (XSWX:PLUG), the current Inventory Turnover is 0.35 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 Plug Power (XSWX:PLUG) Overvalued in 2026?

Based on GuruFocus' analysis, Plug Power stock appears to be overvalued. The current stock price of CHF2.08 is trading 73.3% above its estimated GF Value™ of CHF1.20.

Key valuation signals for XSWX:PLUG:

Inventory Turnover: 0.35
GF Value™: CHF1.20 vs. price of CHF2.08 (73.3% above fair value)
GF Score™: 42/100 with 6 warning signs

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

Plug Power Business Description

Industry Industrials Industrial Products

Comparable Companies HAYW TE AMPX EOSE ATKR ENS PLPC AYI ENVX ENR SZSE:300750 XSWX:ABBN BKK:DELTA VRT TSE:6503 BE XKRX:373220 SZSE:300274 MIL:PRY XPAR:LR

Other Exchanges PLUG:USA PLUG:Mexico 1PLUG:Italy PLUNd:UK 0R1J:UK PLUN:Germany PLUN:Bulgaria PLUG:Austria

Address 125 Vista Boulevard, Slingerlands, NY, USA, 12159

Website https://www.plugpower.com

Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

42GF Score

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CHF2.08

Price

CHF1.20

GF Value

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