Algonquin Power & Utilities (TSX:AQN) Inventory-to-Revenue : 0.35 (As of Dec. 2023)

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What is Algonquin Power & Utilities Inventory-to-Revenue?

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. Algonquin Power & Utilities's Average Total Inventories for the quarter that ended in Dec. 2023 was C$315 Mil. Algonquin Power & Utilities's Revenue for the three months ended in Dec. 2023 was C$895 Mil. Algonquin Power & Utilities's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Algonquin Power & Utilities's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.37) to Sep. 2023 (0.35)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algonquin Power & Utilities's Days Inventory for the three months ended in Dec. 2023 was 120.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Algonquin Power & Utilities's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.76.

Algonquin Power & Utilities Inventory-to-Revenue Historical Data

The historical data trend for Algonquin Power & Utilities's Inventory-to-Revenue 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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Algonquin Power & Utilities Inventory-to-Revenue Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.06

0.07

0.08

Algonquin Power & Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.31	0.27	0.35	0.37	0.35

Competitive Comparison of Algonquin Power & Utilities's Inventory-to-Revenue

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algonquin Power & Utilities's Inventory-to-Revenue Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Inventory-to-Revenue falls into.

Algonquin Power & Utilities Inventory-to-Revenue Calculation

Algonquin Power & Utilities's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (305.555	+	304.72)	/	2 )	/	3619.657
=	305.1375					/	3619.657
=	0.08

Algonquin Power & Utilities's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (325.262	+	304.72)	/	2 )	/	894.551
=	314.991					/	894.551
=	0.35

Algonquin Power & Utilities (TSX:AQN) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Algonquin Power & Utilities'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
	=	314.991	/	237.891	*	365 / 4
	=	120.82

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

Algonquin Power & Utilities'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 )
	=	237.891	/	314.991
	=	0.76

Algonquin Power & Utilities Inventory-to-Revenue Related Terms

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Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » Inventory-to-Revenue

Comparable Companies

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AQNU:USA AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.