Electra Power (2019) (XTAE:ELCP) Inventory Turnover : 5.06 (As of Sep. 2024)

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What is Electra Power (2019) 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. Electra Power (2019)'s Cost of Goods Sold for the three months ended in Sep. 2024 was ₪204.6 Mil. Electra Power (2019)'s Average Total Inventories for the quarter that ended in Sep. 2024 was ₪40.4 Mil. Electra Power (2019)'s Inventory Turnover for the quarter that ended in Sep. 2024 was 5.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electra Power (2019)'s Days Inventory for the three months ended in Sep. 2024 was 18.04.

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. Electra Power (2019)'s Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.17.

Electra Power (2019) Inventory Turnover Historical Data

The historical data trend for Electra Power (2019)'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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Electra Power (2019) Inventory Turnover Chart

Electra Power (2019) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.97

10.85

11.23

13.50

12.99

Electra Power (2019) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.94	3.52	4.13	3.84	5.06

Electra Power (2019) Inventory Turnover Calculation

Electra Power (2019)'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 )
=	549.18	/ (	(46.416	+	38.144)	/	2 )
=	549.18	/	42.28
=	12.99

Electra Power (2019)'s Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	204.55	/ (	(38.86	+	42.028)	/	2 )
=	204.55	/	40.444
=	5.06

Electra Power (2019) (XTAE:ELCP) 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.

Electra Power (2019)'s Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	40.444	/	204.55	*	365 / 4
	=	18.04

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.

Electra Power (2019)'s Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	40.444	/	233.896
	=	0.17

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.

Electra Power (2019) Inventory Turnover Related Terms

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Electra Power (2019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Electra Power (2019) Ltd (XTAE:ELCP) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

35 Yad Harutzim, Netanya, ISR

Website

https://www.supergasenergy.co.il

Electra Power (2019) Ltd is engaged in the supply of energy and electricity in Israel. The company offers energy solutions which include cooking gas, natural gas, solar energy, and charging stations for electric vehicles. Electra Power focuses on transferring power into the hands of the consumer and providing smart services and solutions.

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