Zeo Energy (Zeo Energy) Inventory Turnover : 47.14 (As of Mar. 2024)

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What is Zeo Energy Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Zeo Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.18 Mil. Zeo Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.36 Mil. Zeo Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 47.14.

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 three months ended in Mar. 2024 was 1.94.

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 quarter that ended in Mar. 2024 was 0.02.

Zeo Energy Inventory Turnover Historical Data

The historical data trend for Zeo Energy's Inventory Turnover 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 Inventory Turnover Chart

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

248.11

276.39

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			68.03	51.60	114.43	65.76	47.14

Zeo Energy Inventory Turnover Calculation

Zeo Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	88.031	/ (	(0.287	+	0.35)	/	2 )
=	88.031	/	0.3185
=	276.39

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17.184	/ (	(0.35	+	0.379)	/	2 )
=	17.184	/	0.3645
=	47.14

Zeo Energy (NAS:ZEO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.3645	/	17.184	*	365 / 4
	=	1.94

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.3645	/	19.488
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Zeo Energy Inventory Turnover Related Terms

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Zeo Energy (Zeo Energy) Business Description

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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.