Pinnacle West Capital (BSP:P1NW34) Days Inventory : 68.81 (As of Dec. 2023)

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What is Pinnacle West Capital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pinnacle West Capital's Average Total Inventories for the three months ended in Dec. 2023 was R$2,429 Mil. Pinnacle West Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was R$3,220 Mil. Hence, Pinnacle West Capital's Days Inventory for the three months ended in Dec. 2023 was 68.81.

The historical rank and industry rank for Pinnacle West Capital's Days Inventory or its related term are showing as below:

BSP:P1NW34' s Days Inventory Range Over the Past 10 Years
Min: 45.08 Med: 55.55 Max: 63.59
Current: 61.34

During the past 13 years, Pinnacle West Capital's highest Days Inventory was 63.59. The lowest was 45.08. And the median was 55.55.

BSP:P1NW34's Days Inventory is ranked worse than
80% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.62 vs BSP:P1NW34: 61.34

Pinnacle West Capital's Days Inventory increased from Dec. 2022 (55.87) to Dec. 2023 (68.81). It might indicate that Pinnacle West Capital's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pinnacle West Capital's Inventory Turnover for the three months ended in Dec. 2023 was 1.33.

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. Pinnacle West Capital's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.

Pinnacle West Capital Days Inventory Historical Data

The historical data trend for Pinnacle West Capital'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.

Pinnacle West Capital Days Inventory Chart

Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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57.42

57.05

58.16

59.04

62.47

Pinnacle West Capital Quarterly Data
	Mar19	Jun19	Sep19	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															55.87	65.04	66.06	51.62	68.81

Competitive Comparison of Pinnacle West Capital's Days Inventory

For the Utilities - Regulated Electric subindustry, Pinnacle West Capital'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.

Pinnacle West Capital's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Pinnacle West Capital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pinnacle West Capital's Days Inventory falls into.

Pinnacle West Capital Days Inventory Calculation

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

Pinnacle West Capital'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
=	( (2363.766	+	2418.282)	/	2 )	/	13971.202	*	365
=	2391.024					/	13971.202	*	365
=	62.47

Pinnacle West Capital'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
=	( (2438.873	+	2418.282)	/	2 )	/	3220.477	*	365 / 4
=	2428.5775					/	3220.477	*	365 / 4
=	68.81

Pinnacle West Capital (BSP:P1NW34) 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.

Pinnacle West Capital's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3220.477	/	2428.5775
	=	1.33

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.

Pinnacle West Capital's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2428.5775	/	4858.514
	=	0.50

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.

Pinnacle West Capital Days Inventory Related Terms

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

Pinnacle West Capital (BSP:P1NW34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (BSP:P1NW34) » Definitions » Days Inventory

Comparable Companies

OGE IDA EVRG POR LNT PNM AGR MGEE HE GNE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

PNW:USA PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Pinnacle West Capital (BSP:P1NW34) Headlines

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