Spruce Power Holding (Spruce Power Holding) Days Inventory : 0.00 (As of Dec. 2023)

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What is Spruce Power Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Spruce Power Holding's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Spruce Power Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.56 Mil. Hence, Spruce Power Holding's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Spruce Power Holding's Days Inventory or its related term are showing as below:

SPRU' s Days Inventory Range Over the Past 10 Years
Min: 60.31 Med: 101.25 Max: 559.92
Current: 136.11

During the past 5 years, Spruce Power Holding's highest Days Inventory was 559.92. The lowest was 60.31. And the median was 101.25.

SPRU's Days Inventory is ranked worse than
53.08% of 942 companies
in the Semiconductors industry
Industry Median: 130.36 vs SPRU: 136.11

Spruce Power Holding's Days Inventory declined from Dec. 2022 (161.34) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Spruce Power Holding's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Spruce Power Holding Days Inventory Historical Data

The historical data trend for Spruce Power Holding'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.

* Premium members only.

Spruce Power Holding Days Inventory Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

101.25

60.31

559.92

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												161.34	-	-	-	-

Competitive Comparison of Spruce Power Holding's Days Inventory

For the Solar subindustry, Spruce Power Holding'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.

Spruce Power Holding's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spruce Power Holding's Days Inventory distribution charts can be found below:

* The bar in red indicates where Spruce Power Holding's Days Inventory falls into.

Spruce Power Holding Days Inventory Calculation

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

Spruce Power Holding'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	+	0)	/	1 )	/	37.813	*	365
=	0					/	37.813	*	365
=	0.00

Spruce Power Holding'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
=	( (0	+	0)	/	1 )	/	11.556	*	365 / 4
=	0					/	11.556	*	365 / 4
=	0.00

Spruce Power Holding (NYSE:SPRU) 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.

Spruce Power Holding's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.556	/	0
	=

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.

Spruce Power Holding's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	15.701
	=	0.00

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.

Spruce Power Holding Days Inventory Related Terms

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

Spruce Power Holding (Spruce Power Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (NYSE:SPRU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.

Executives

Christian S. Fong	director, officer: President and CEO	7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
Jonathan J Ledecky	director	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Christopher M. Hayes	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Eric M. Tech	director, officer: CEO	2701 NAVISTAR DRIVE, LISLE IL 60532
Jonathan M Norling	officer: Chief Legal Officer	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Sarah Weber Wells	officer: SVP of Fin & Acc & Sustain'	820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
John P. Miller	director	26W073 MOHICAN DRIVE, WHEATON IL 60189
Stacey Constas	officer: General Counsel	47000 LIBERTY DRIVE, WIXOM MI 48393
Michael Kenhard	officer: CTO and VP of Engineering	47000 LIBERTY DRIVE, WIXOM MI 48393
Calhoun Colleen	officer: VP / GM of XL Grid	515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Donald P Klein	officer: Chief Financial Officer	201 MITTEL DRIVE, WOOD DALE IL 60191
Cielo Hernandez	officer: Chief Financial Officer	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Berklas James P Jr	officer: General Counsel	123 MAIN STREET, BRISTOL CT 06010
Sarah Sclarsic	director	C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135