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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Enphase Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $148 Mil. Enphase Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was $211 Mil. Enphase Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.
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-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.
The historical data trend for Enphase Energy's Inventory Turnover 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.
Enphase Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 16.68 | 11.61 | 14.25 | 12.10 | 6.78 |
Enphase Energy Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | 2.66 | 2.45 | 1.70 | 0.80 | 0.70 |
Enphase Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 1232.398 | / ( | (149.708 | + | 213.595) | / | 2 ) |
= | 1232.398 | / | 181.6515 | ||||
= | 6.78 |
Enphase Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 147.831 | / ( | (213.595 | + | 207.893) | / | 2 ) |
= | 147.831 | / | 210.744 | ||||
= | 0.70 |
* 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.
Enphase Energy (NAS:ENPH) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. 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 |
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.
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 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Enphase Energy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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