Cleco (CNL) Days Inventory : 87.48 (As of Dec. 2015)

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What is Cleco Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cleco's Average Total Inventories for the three months ended in Dec. 2015 was $144 Mil. Cleco's Cost of Goods Sold for the three months ended in Dec. 2015 was $151 Mil. Hence, Cleco's Days Inventory for the three months ended in Dec. 2015 was 87.48.

The historical rank and industry rank for Cleco's Days Inventory or its related term are showing as below:

CNL's Days Inventory is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 23.36
* Ranked among companies with meaningful Days Inventory only.

Cleco's Days Inventory increased from Dec. 2014 (65.90) to Dec. 2015 (87.48). It might indicate that Cleco's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cleco's Inventory Turnover for the three months ended in Dec. 2015 was 1.04.

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. Cleco's Inventory-to-Revenue for the three months ended in Dec. 2015 was 0.52.

Cleco Days Inventory Historical Data

The historical data trend for Cleco's Days 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.

* Premium members only.

Cleco Days Inventory Chart

Cleco Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Inventory

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71.59

80.56

84.06

69.44

82.61

Cleco Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Days Inventory	Get a 7-Day Free Trial															65.90	75.57	79.70	72.68	87.48

Competitive Comparison of Cleco's Days Inventory

For the Utilities - Regulated Electric subindustry, Cleco's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Cleco's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cleco's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cleco's Days Inventory falls into.

Cleco Days Inventory Calculation

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

Cleco's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

	Days Inventory (A: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (135.871	+	149.569)	/	2 )	/	630.622	*	365
=	142.72					/	630.622	*	365
=	82.61

Cleco's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

	Days Inventory (Q: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
=	( (139.292	+	149.569)	/	2 )	/	150.659	*	365 / 4
=	144.4305					/	150.659	*	365 / 4
=	87.48

Cleco (NYSE:CNL) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Cleco's Inventory Turnover for the three months ended in Dec. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	150.659	/	144.4305
	=	1.04

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.

Cleco's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	144.4305	/	279.403
	=	0.52

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Cleco Days Inventory Related Terms

Thank you for viewing the detailed overview of Cleco's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Cleco (CNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cleco Corp (NYSE:CNL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cleco.com

Cleco Corp was incorporated on October 30, 1998, under the laws of the State of Louisiana. It is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, which is engaged in the generation, transmission, distribution and sale of electricity primarily in Louisiana.

Executives

Scott Peter M Iii	director	P O BOX 1551, RALEIGH NC 27601
Shelley Jr Stewart	director	9 ROSZEL ROAD, PRINCETON NJ 08540
Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
William L Marks	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Logan W Kruger	director	C/O CENTURY ALUMINUM COMPANY, 2511 GARDEN ROAD, BUILDING A, SUITE 200, MONTEREY CA 93940
Bruce A Williamson	director, officer: President & CEO	C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Thomas R Miller	officer: SVP - CFO & Treasurer	2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Michael Madison	other: Former President & CEO	PO BOX 5000, PINEVILLE LA 71361-5000
Richard B Crowell	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Bear Stearns & Co Inc /ny/	10 percent owner	115 SOUTH JEFFERSON RD, WHIPPANY NJ 07981
Bear Stearns Companies Inc	10 percent owner	ONE METROTECH NORTH, 9TH FL., BROOKLYN NY 11201