Tigo Energy (Tigo Energy) Change In Inventory : $-20.2 Mil (TTM As of Mar. 2024)

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What is Tigo Energy Change In Inventory?

Tigo Energy's change in inventory for the quarter that ended in Mar. 2024 was $5.2 Mil. It means Tigo Energy's inventory declined by $5.2 Mil from Dec. 2023 to Mar. 2024 .

Tigo Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $-37.2 Mil. It means Tigo Energy's inventory increased by $37.2 Mil from Dec. 2022 to Dec. 2023 .

Tigo Energy's Total Inventories for the quarter that ended in Mar. 2024 was $55.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tigo Energy's Days Inventory for the quarter that ended in Mar. 2024 was 759.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tigo Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

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. Tigo Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.98.

Tigo Energy Change In Inventory Historical Data

The historical data trend for Tigo Energy's Change In Inventory 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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Tigo Energy Change In Inventory Chart

Tigo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-5.48

-14.97

-37.20

Tigo Energy Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial				-11.78	-14.35	-7.18	-3.88	5.22

Tigo Energy Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-20.2 Mil.

Tigo Energy (NAS:TYGO) Change In Inventory Explanation

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

Tigo Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	58.579	/	7.036	*	365 / 4
	=	759.71

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

Tigo Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.036	/	58.579
	=	0.12

3. 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.

Tigo Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	58.579	/	9.802
	=	5.98

Tigo Energy Change In Inventory Related Terms

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Tigo Energy (Tigo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tigo Energy Inc (NAS:TYGO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008

Website

https://www.tigoenergy.com

Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.

Executives

Zvi Alon	director, officer: Chief Executive Officer	10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley	director	3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd.	10 percent owner, other: See Remarks	1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan	officer: Chief Operating Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson	director	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc	10 percent owner	27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp	10 percent owner, other: See Remarks	1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon	officer: Chief Marketing Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian	officer: Chief Growth Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai	director	655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc	10 percent owner	222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402