Energy Vault Holdings (Energy Vault Holdings) Days Inventory : 2.14 (As of Dec. 2023)

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What is Energy Vault Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Energy Vault Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $2.7 Mil. Energy Vault Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $114.2 Mil. Hence, Energy Vault Holdings's Days Inventory for the three months ended in Dec. 2023 was 2.14.

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

NRGV' s Days Inventory Range Over the Past 10 Years
Min: 2.7 Med: 10.58 Max: 18.46
Current: 3.3

During the past 5 years, Energy Vault Holdings's highest Days Inventory was 18.46. The lowest was 2.70. And the median was 10.58.

NRGV's Days Inventory is ranked better than
92.9% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.02 vs NRGV: 3.30

Energy Vault Holdings's Days Inventory declined from Dec. 2022 (4.73) to Dec. 2023 (2.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Vault Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 42.56.

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. Energy Vault Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Energy Vault Holdings Days Inventory Historical Data

The historical data trend for Energy Vault Holdings'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.

Energy Vault Holdings Days Inventory Chart

Energy Vault Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

18.46

2.70

Energy Vault Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										4.73	47.01	6.26	1.37	2.14

Competitive Comparison of Energy Vault Holdings's Days Inventory

For the Utilities - Renewable subindustry, Energy Vault Holdings'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.

Energy Vault Holdings's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energy Vault Holdings's Days Inventory distribution charts can be found below:

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

Energy Vault Holdings Days Inventory Calculation

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

Energy Vault Holdings'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
=	( (4.378	+	0.415)	/	2 )	/	324.012	*	365
=	2.3965					/	324.012	*	365
=	2.70

Energy Vault Holdings'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
=	( (4.953	+	0.415)	/	2 )	/	114.219	*	365 / 4
=	2.684					/	114.219	*	365 / 4
=	2.14

Energy Vault Holdings (NYSE:NRGV) 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.

Energy Vault Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	114.219	/	2.684
	=	42.56

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.

Energy Vault Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.684	/	118.236
	=	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.

Energy Vault Holdings Days Inventory Related Terms

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

Energy Vault Holdings (Energy Vault Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Vault Holdings Inc (NYSE:NRGV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8610:Germany 8610:Germany

Address

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361

Website

https://www.energyvault.com

Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.

Executives

Akshay Ladwa	officer: Chief Engineering Officer	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin	officer: Chief Product Officer	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees	officer: Chief Financial Officer	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese	officer: Chief Operating Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren	officer: Chief People Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow	officer: Chief Legal Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander	officer: Chief Marketing Officer	C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi	director, officer: Chief Executive Officer	C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti	officer: Chief Technology Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello	director	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross	director	C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock	officer: Interim CFO	67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel	director	C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc	10 percent owner	130 W. UNION STREET, PASADENA CA 91103
John G Jung	officer: President of EVS	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361