ReNew Energy Global (STU:7JU) Total Inventories : €19.5 Mil (As of Dec. 2023)

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What is ReNew Energy Global Total Inventories?

ReNew Energy Global's total inventories for the quarter that ended in Dec. 2023 was €19.5 Mil. ReNew Energy Global's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €18.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ReNew Energy Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-19.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ReNew Energy Global's Days Inventory for the three months ended in Dec. 2023 was 148.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. ReNew Energy Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.61.

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. ReNew Energy Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

ReNew Energy Global Total Inventories Historical Data

The historical data trend for ReNew Energy Global's Total Inventories 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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ReNew Energy Global Total Inventories Chart

ReNew Energy Global Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

7.39

9.61

9.71

13.56

ReNew Energy Global Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial											10.79	13.56	18.26	16.81	19.50

ReNew Energy Global Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

ReNew Energy Global (STU:7JU) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

ReNew Energy Global's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1264.54	+	0.75 * 166.054	+	0.5 * 19.496	-	8441.436
-	0	-	181.177)	/	365.309
=	-19.77

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ReNew Energy Global's Days Inventory for the three 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
	=	18.1515	/	11.147	*	365 / 4
	=	148.59

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

ReNew Energy Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	11.147	/	18.1515
	=	0.61

4. 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.

ReNew Energy Global'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 )
	=	18.1515	/	176.155
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

ReNew Energy Global Total Inventories Related Terms

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ReNew Energy Global (STU:7JU) Business Description

Industry

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Traded in Other Exchanges

RNW:USA 7JU:Germany

Address

C/o Vistra (UK) Ltd., 4th Floor 11-12 St. James’ Square, London, GBR, SW1Y 4LB

Website

https://www.renewpower.in

ReNew Energy Global PLC is a Developer and operator of clean energy projects intended to meet India's growing energy needs in an efficient, sustainable and socially responsible manner. The Company provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.

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