Zeo Energy (Zeo Energy) Days Inventory : 1.94 (As of Mar. 2024)

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What is Zeo Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zeo Energy's Average Total Inventories for the three months ended in Mar. 2024 was $0.36 Mil. Zeo Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.18 Mil. Hence, Zeo Energy's Days Inventory for the three months ended in Mar. 2024 was 1.94.

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

ZEO' s Days Inventory Range Over the Past 10 Years
Min: 1.32 Med: 1.4 Max: 2.22
Current: 2.22

During the past 3 years, Zeo Energy's highest Days Inventory was 2.22. The lowest was 1.32. And the median was 1.40.

ZEO's Days Inventory is ranked better than
99.36% of 942 companies
in the Semiconductors industry
Industry Median: 129.735 vs ZEO: 2.22

Zeo Energy's Days Inventory increased from Dec. 2022 (1.34) to Mar. 2024 (1.94). It might indicate that Zeo Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zeo Energy's Inventory Turnover for the three months ended in Mar. 2024 was 47.14.

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. Zeo Energy's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.02.

Zeo Energy Days Inventory Historical Data

The historical data trend for Zeo 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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Zeo Energy Days Inventory Chart

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

1.47

1.32

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial			1.34	1.77	0.80	1.39	1.94

Competitive Comparison of Zeo Energy's Days Inventory

For the Solar subindustry, Zeo 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.

Zeo Energy's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zeo Energy's Days Inventory distribution charts can be found below:

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

Zeo Energy Days Inventory Calculation

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

Zeo 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: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.287	+	0.35)	/	2 )	/	88.031	*	365
=	0.3185					/	88.031	*	365
=	1.32

Zeo 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
=	( (0.35	+	0.379)	/	2 )	/	17.184	*	365 / 4
=	0.3645					/	17.184	*	365 / 4
=	1.94

Zeo Energy (NAS:ZEO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.184	/	0.3645
	=	47.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3645	/	19.488
	=	0.02

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.

Zeo Energy Days Inventory Related Terms

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

Zeo Energy (Zeo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zeo Energy Corp (NAS:ZEO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.