Algonquin Power & Utilities (TSX:AQN) Inventory Turnover : 0.76 (As of Dec. 2024)

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What is Algonquin Power & Utilities 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. Algonquin Power & Utilities's Cost of Goods Sold for the three months ended in Dec. 2024 was C$237 Mil. Algonquin Power & Utilities's Average Total Inventories for the quarter that ended in Dec. 2024 was C$313 Mil. Algonquin Power & Utilities's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algonquin Power & Utilities's Days Inventory for the three months ended in Dec. 2024 was 120.63.

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. Algonquin Power & Utilities's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.38.

Algonquin Power & Utilities Inventory Turnover Historical Data

The historical data trend for Algonquin Power & Utilities'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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Algonquin Power & Utilities Inventory Turnover Chart

Algonquin Power & Utilities Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.51

4.57

4.42

3.30

2.74

Algonquin Power & Utilities Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.86	0.89	0.47	0.52	0.76

Algonquin Power & Utilities Inventory Turnover Calculation

Algonquin Power & Utilities's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	846.741	/ (	(298.38	+	318.563)	/	2 )
=	846.741	/	308.4715
=	2.74

Algonquin Power & Utilities's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	237.063	/ (	(308.234	+	318.563)	/	2 )
=	237.063	/	313.3985
=	0.76

Algonquin Power & Utilities (TSX:AQN) 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.

Algonquin Power & Utilities's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	313.3985	/	237.063	*	365 / 4
	=	120.63

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.

Algonquin Power & Utilities's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	313.3985	/	833.204
	=	0.38

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.

Algonquin Power & Utilities Inventory Turnover Related Terms

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Algonquin Power & Utilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » Inventory Turnover

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Address

354 Davis Road, Suite 100, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp is a Canada-based diversified international generation, transmission, and distribution company. The company's operations are organized across two business units consisting of the Regulated Services Group, which owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda, and Chile; and the Hydro Group, which consists of hydroelectric-generating facilities located in Canada. It generates the majority of its revenue from the Regulated Services Group segment.

Executives

Roderick Kennon West	Senior Officer
Randy David Laney	Director
Dilek Samil	Director
David Levenson	Director
Amee Chande	Director
Jennifer Sara Tindale	Senior Officer
Helen Veronica Bremner	Senior Officer
Christopher Huskilson	Director
Arun Banskota	Senior Officer
Daniel S. Goldberg	Director
Christopher Kenneth Jarratt	Senior Officer
David John Bronicheski	Senior Officer
George Trisic	Senior Officer
Jeffery Todd Norman	Senior Officer
Ian Edward Robertson	Senior Officer