Renewable Energy Group (Renewable Energy Group) Days Inventory : 53.37 (As of Mar. 2022)

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What is Renewable Energy Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Renewable Energy Group's Average Total Inventories for the three months ended in Mar. 2022 was $508 Mil. Renewable Energy Group's Cost of Goods Sold for the three months ended in Mar. 2022 was $868 Mil. Hence, Renewable Energy Group's Days Inventory for the three months ended in Mar. 2022 was 53.37.

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

REGI' s Days Inventory Range Over the Past 10 Years
Min: 17.34 Med: 28.74 Max: 46.04
Current: 46.04

During the past 13 years, Renewable Energy Group's highest Days Inventory was 46.04. The lowest was 17.34. And the median was 28.74.

REGI's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.5 vs REGI: 46.04

Renewable Energy Group's Days Inventory increased from Mar. 2021 (49.39) to Mar. 2022 (53.37). It might indicate that Renewable Energy Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Renewable Energy Group's Inventory Turnover for the three months ended in Mar. 2022 was 1.71.

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. Renewable Energy Group's Inventory-to-Revenue for the three months ended in Mar. 2022 was 0.54.

Renewable Energy Group Days Inventory Historical Data

The historical data trend for Renewable Energy Group'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.

Renewable Energy Group Days Inventory Chart

Renewable Energy Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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27.98

31.00

28.91

36.50

42.52

Renewable Energy Group Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Inventory	Get a 7-Day Free Trial															49.39	44.03	37.64	48.12	53.37

Competitive Comparison of Renewable Energy Group's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Renewable Energy Group'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.

Renewable Energy Group's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Renewable Energy Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Renewable Energy Group's Days Inventory falls into.

Renewable Energy Group Days Inventory Calculation

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

Renewable Energy Group's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (210.23	+	459.333)	/	2 )	/	2874.157	*	365
=	334.7815					/	2874.157	*	365
=	42.52

Renewable Energy Group's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

	Days Inventory (Q: Mar. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (459.333	+	556.255)	/	2 )	/	868.239	*	365 / 4
=	507.794					/	868.239	*	365 / 4
=	53.37

Renewable Energy Group (NAS:REGI) 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.

Renewable Energy Group's Inventory Turnover for the three months ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	868.239	/	507.794
	=	1.71

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.

Renewable Energy Group's Inventory to Revenue for the three months ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	507.794	/	935.989
	=	0.54

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.

Renewable Energy Group Days Inventory Related Terms

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

Renewable Energy Group (Renewable Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renewable Energy Group Inc (NAS:REGI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

416 South Bell Avenue, Ames, IA, USA, 50010

Website

https://www.regi.com

Renewable Energy Group Inc is a producer and refiner of biofuels in the oil and gas industry. The company's operations include acquiring feedstock, operating biorefineries, and marketing and distributing renewable fuels. Its operating segments include Biomass-based Diesel, Services, and Corporate and other. The majority of the company's revenue comes from the sale of biomass-based diesel. Geographically, it operates in the United States, Germany and Other Foreign countries of which the United States derived maximum revenue. At its biorefineries, natural fats, oils, and greases are converted into biofuels and renewable chemicals.

Executives

Stacey Orlandi	other: SVP, Manufacturing	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Eric Bowen	officer: VP, Corp Bus Dev and Legal	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Dylan Glenn	director	535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Todd Samuels	other: Chief Accounting Officer	C/O RENEWABLE ENERGY GROUP, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Chad Stone	officer: Chief Financial Officer	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Cynthia J Warner	director, officer: President and CEO	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Harding Peter John Martin	director	416 S. BELL AVE. AMES IA 50010
Richard Craig Bealmear	officer: Chief Financial Officer	1114 COLFAX STREET EVANSTON IL 60201
Jeffrey Stroburg	director	REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Christopher D. Sorrells	director	REG NEWCO, INC., 416 S. BELL AVENUE, AMES IA 50010
Todd Allen Robinson	officer: InterimChief Financial Officer	RENEWABLE ENERGY, INC. 416 SOUTH BELL AVENUE AMES IA 50010
Walter Z Berger	director	416 SOUTH BELL AVENUE, AMES IA 50010
Gary Haer	officer: VP, Sales and Marketing	416 SOUTH BELL AVENUE C/O RENEWABLE ENERGY GROUP, INC. AMES IA 50010
Michael M Scharf	director	12312 OLIVE BOULEVARD SUITE 400 ST. LOUIS MO 63141