Greenvolt - Energias Renovaveis (XLIS:GVOLT) Days Inventory : 83.86 (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greenvolt - Energias Renovaveis's Average Total Inventories for the three months ended in Dec. 2023 was €33.6 Mil. Greenvolt - Energias Renovaveis's Cost of Goods Sold for the three months ended in Dec. 2023 was €36.6 Mil. Hence, Greenvolt - Energias Renovaveis's Days Inventory for the three months ended in Dec. 2023 was 83.86.

The historical rank and industry rank for Greenvolt - Energias Renovaveis's Days Inventory or its related term are showing as below:

XLIS:GVOLT' s Days Inventory Range Over the Past 10 Years
Min: 3.41 Med: 30.45 Max: 74.34
Current: 74.34

During the past 6 years, Greenvolt - Energias Renovaveis's highest Days Inventory was 74.34. The lowest was 3.41. And the median was 30.45.

XLIS:GVOLT's Days Inventory is ranked worse than
74.85% of 330 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.765 vs XLIS:GVOLT: 74.34

Greenvolt - Energias Renovaveis's Days Inventory increased from Dec. 2022 (76.76) to Dec. 2023 (83.86). It might indicate that Greenvolt - Energias Renovaveis's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenvolt - Energias Renovaveis's Inventory Turnover for the three months ended in Dec. 2023 was 1.09.

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. Greenvolt - Energias Renovaveis's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.35.

Greenvolt - Energias Renovaveis Days Inventory Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis Days Inventory Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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33.32

13.45

3.41

62.27

73.82

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											76.76	82.65	121.47	48.50	83.86

Competitive Comparison of Greenvolt - Energias Renovaveis's Days Inventory

For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis'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.

Greenvolt - Energias Renovaveis's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Greenvolt - Energias Renovaveis's Days Inventory distribution charts can be found below:

* The bar in red indicates where Greenvolt - Energias Renovaveis's Days Inventory falls into.

Greenvolt - Energias Renovaveis Days Inventory Calculation

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

Greenvolt - Energias Renovaveis'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: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (25.743	+	35.539)	/	2 )	/	151.499	*	365
=	30.641					/	151.499	*	365
=	73.82

Greenvolt - Energias Renovaveis's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (31.747	+	35.539)	/	2 )	/	36.608	*	365 / 4
=	33.643					/	36.608	*	365 / 4
=	83.86

Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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.

Greenvolt - Energias Renovaveis's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36.608	/	33.643
	=	1.09

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.

Greenvolt - Energias Renovaveis's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	33.643	/	95.588
	=	0.35

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.

Greenvolt - Energias Renovaveis Days Inventory Related Terms

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

Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Days Inventory

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000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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