SP New Energy (PHS:SPNEC) Days Inventory : 18.82 (As of Mar. 2024)

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What is SP New Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SP New Energy's Average Total Inventories for the three months ended in Mar. 2024 was ₱24.8 Mil. SP New Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱120.1 Mil. Hence, SP New Energy's Days Inventory for the three months ended in Mar. 2024 was 18.82.

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

PHS:SPNEC' s Days Inventory Range Over the Past 10 Years
Min: 21.94 Med: 27.67 Max: 27.67
Current: 21.94

During the past 6 years, SP New Energy's highest Days Inventory was 27.67. The lowest was 21.94. And the median was 27.67.

PHS:SPNEC's Days Inventory is ranked better than
61.7% of 329 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.07 vs PHS:SPNEC: 21.94

SP New Energy's Days Inventory increased from Dec. 2022 (0.00) to Mar. 2024 (18.82). It might indicate that SP New Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SP New Energy's Inventory Turnover for the three months ended in Mar. 2024 was 4.85.

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. SP New Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.07.

SP New Energy Days Inventory Historical Data

The historical data trend for SP New Energy'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.

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SP New Energy Days Inventory Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Days Inventory

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27.67

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial									-	-	18.05	13.47	18.82

Competitive Comparison of SP New Energy's Days Inventory

For the Utilities - Renewable subindustry, SP New Energy'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.

SP New Energy's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where SP New Energy's Days Inventory falls into.

SP New Energy Days Inventory Calculation

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

SP New Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	24.801)	/	1 )	/	327.103	*	365
=	24.801					/	327.103	*	365
=	27.67

SP New Energy's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (24.801	+	24.721)	/	2 )	/	120.083	*	365 / 4
=	24.761					/	120.083	*	365 / 4
=	18.82

SP New Energy (PHS:SPNEC) 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.

SP New Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	120.083	/	24.761
	=	4.85

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.

SP New Energy's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.761	/	344.389
	=	0.07

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.

SP New Energy Days Inventory Related Terms

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

SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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