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Plug Power's total inventories for the quarter that ended in Dec. 2023 was $961.3 Mil. Plug Power's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $992.7 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Plug Power's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.99.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Plug Power's Days Inventory for the three months ended in Dec. 2023 was 203.82.
Inventory Turnover measures how fast the company turns over its inventory within a year. Plug Power's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.
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. Plug Power's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.47.
The historical data trend for Plug Power'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.
Plug Power Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 114.57 | 134.20 | 269.16 | 645.64 | 961.25 |
Plug Power Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Inventories | Get a 7-Day Free Trial | 645.64 | 775.65 | 904.29 | 1,024.21 | 961.25 |
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.
Plug Power (NAS:PLUG) 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.
Plug Power's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
Net-Net Working Capital Per Share (Q: Dec. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (135.033 | + | 0.75 * 243.811 | + | 0.5 * 961.253 | - | 2004.613 |
- | 0 | - | 0) | / | 606.136 | ||
= | -1.99 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Plug Power's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 992.731 | / | 444.448 | * | 365 / 4 | |
= | 203.82 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Plug Power's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2023 ) | / | Average Total Inventories (Q: Dec. 2023 ) |
= | 444.448 | / | 992.731 | |
= | 0.45 |
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.
Plug Power's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 992.731 | / | 222.161 | |
= | 4.47 |
* 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.
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.
Thank you for viewing the detailed overview of Plug Power's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Jose Luis Crespo | officer: GM, MATL Handling, Key Accts | C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
Mark J Bonney | director | 2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204 |
Patrick Joggerst | director | C/O BROADSOFT, INC., 9737 WASHINGTONIAN BOULEVARD, SUITE 350, GAITHERSBURG MD 20878 |
David Mindnich | officer: EVP, Global Manufacturing | C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
Keith Schmidt | officer: GM New Mkts & Pres New Prd Dv | C/O CHELSEA THERAPEUTICS, INC., 13950 BALLANTYNE CORPORATE PL, UNIT 325, CHARLOTTE NC 28277 |
Jean A Bua | director | |
Kavita Mahtani | director | C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
Dirk Ole Hoefelmann | officer: GM, Electrolyzer Solutions | C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
Sanjay K Shrestha | officer: Chief Strategy Officer | 968 ALBANY SHAKER RD, LATHAM NY 12110 |
Kyungyeol Song | director | C/O GROVE ENERGY CAPITAL LLC, 55 EAST 59TH ST. 11TH FL., NEW YORK NY 10022 |
Kim Harriman | director | C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
Andrew Marsh | director, officer: President & CEO | 968 ALBANY SHAKER ROAD, LATHAM NY 12110 |
George C Mcnamee | director, officer: Chairman of the Board | FIRST ALBANY COMPANIES INC., 677 BROADWAY, ALBANY NY 12207-2990 |
Jonathan M Silver | director | 3027 N STREET NW, WASHINGTON DC 20007 |
Conway Gerard L Jr | officer: General Counsel | 968 ALBANY-SHAKER ROAD, LATHAM NY 12110 |
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