Ormat Technologies (XTAE:ORA) Change In Inventory : ₪-31 Mil (TTM As of Mar. 2024)

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What is Ormat Technologies Change In Inventory?

Ormat Technologies's change in inventory for the quarter that ended in Mar. 2024 was ₪-33 Mil. It means Ormat Technologies's inventory increased by ₪33 Mil from Dec. 2023 to Mar. 2024 .

Ormat Technologies's change in inventory for the fiscal year that ended in Dec. 2023 was ₪-82 Mil. It means Ormat Technologies's inventory increased by ₪82 Mil from Dec. 2022 to Dec. 2023 .

Ormat Technologies's Total Inventories for the quarter that ended in Mar. 2024 was ₪200 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ormat Technologies's Days Inventory for the quarter that ended in Mar. 2024 was 31.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ormat Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.94.

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. Ormat Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Ormat Technologies Change In Inventory Historical Data

The historical data trend for Ormat Technologies's Change In 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.

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Ormat Technologies Change In Inventory Chart

Ormat Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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20.38

0.66

15.29

20.80

-82.27

Ormat Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-83.78	27.96	-25.73	-0.72	-32.74

Ormat Technologies Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-31 Mil.

Ormat Technologies (XTAE:ORA) Change In Inventory Explanation

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

Ormat Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	183.2225	/	538.515	*	365 / 4
	=	31.05

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	538.515	/	183.2225
	=	2.94

3. 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.

Ormat Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.2225	/	830.49
	=	0.22

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Ormat Technologies (XTAE:ORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (XTAE:ORA) » Definitions » Change In Inventory

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Traded in Other Exchanges

ORA:USA HNM:Germany

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.