Enphase Energy (Enphase Energy) Total Inventories : $208 Mil (As of Mar. 2024)

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What is Enphase Energy Total Inventories?

Enphase Energy's total inventories for the quarter that ended in Mar. 2024 was $208 Mil. Enphase Energy's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $211 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Enphase Energy's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enphase Energy's Days Inventory for the three months ended in Mar. 2024 was 130.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Enphase Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

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. Enphase Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Enphase Energy Total Inventories Historical Data

The historical data trend for Enphase Energy's Total Inventories 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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Enphase Energy Total Inventories Chart

Enphase Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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32.06

41.76

74.40

149.71

213.60

Enphase Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															150.56	166.11	174.11	213.60	207.89

Enphase Energy Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Enphase Energy (NAS:ENPH) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Enphase Energy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1629.593	+	0.75 * 364.364	+	0.5 * 207.893	-	2310.257
-	0	-	0)	/	135.989
=	-2.23

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

Enphase 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
	=	210.744	/	147.831	*	365 / 4
	=	130.08

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	147.831	/	210.744
	=	0.70

4. 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.

Enphase 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 )
	=	210.744	/	263.339
	=	0.80

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Enphase Energy Total Inventories Related Terms

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Enphase Energy (Enphase Energy) Business Description

Industry

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Traded in Other Exchanges

ENPH:Mexico E0P:Germany E0P:Germany ENPH:Austria

Address

47281 Bayside Parkway, Fremont, CA, USA, 94538

Website

https://www.enphase.com

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Executives

Badrinarayanan Kothandaraman	officer: President & CEO	ENPHASE ENERGY INC., 1420 NORTH MCDOWELL BLVD, PETALUMA CA 94954
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
David A Ranhoff	officer: VP & Chief Commercial Officer	MEMC ELECTRONIC MATERIALS, 501 PEARL DRIVE, ST. PETERS MO 63366
Richard Mora	director	C/O LANDIS+GYR, 30000 MILL CREEK AVE, SUITE 3022, ALPHARETTA GA 30022
Mandy Yang	officer: Chief Accounting Officer	C/O ENPHASE ENERGY, INC., 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Jeff Mcneil	officer: Chief Operating Officer	47281 BAYSIDE PARKWAY, FREMONT CA 94538
Joseph Ian Malchow	director	C/O ENPHASE ENERGY, 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Steven J Gomo	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Benjamin John Kortlang	director, 10 percent owner	2750 SAND HILL ROAD, MENLO PARK CA 94025
Eric Branderiz	officer: VP & Chief Financial Officer	915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Jamie Elizabeth Haenggi	director	1501 YAMATO ROAD, BOCA RATON FL 33431
Moreno Isidoro Quiroga	10 percent owner	VENIDA PRESIDENTE RIESCO 5711 OFICINA 16, LAS CONDES, SANTIAGO F3 7550000
South Lake One Llc	10 percent owner	250 WEST 55TH STREET, NEW YORK NY 10019
John Howard Weber	director	600 CORPORATION DRIVE, PENDLETON IN 46064
Humberto Garcia	officer: VP and CFO	1420 N. MCDOWELL BLVD., PETALUMA CA 94954