Rede Energia Participacoes (BSP:REDE3) Inventory Turnover : 48.81 (As of Mar. 2024)

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What is Rede Energia Participacoes Inventory Turnover?

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. Rede Energia Participacoes's Cost of Goods Sold for the three months ended in Mar. 2024 was R$2,895 Mil. Rede Energia Participacoes's Average Total Inventories for the quarter that ended in Mar. 2024 was R$59 Mil. Rede Energia Participacoes's Inventory Turnover for the quarter that ended in Mar. 2024 was 48.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rede Energia Participacoes's Days Inventory for the three months ended in Mar. 2024 was 1.87.

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. Rede Energia Participacoes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Rede Energia Participacoes Inventory Turnover Historical Data

The historical data trend for Rede Energia Participacoes'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.

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Rede Energia Participacoes Inventory Turnover Chart

Rede Energia Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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172.54

157.45

234.66

186.68

182.99

Rede Energia Participacoes 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															42.27	43.23	43.37	49.98	48.81

Rede Energia Participacoes Inventory Turnover Calculation

Rede Energia Participacoes'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 )
=	11087.816	/ (	(62.089	+	59.099)	/	2 )
=	11087.816	/	60.594
=	182.99

Rede Energia Participacoes'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 )
=	2895.278	/ (	(59.099	+	59.526)	/	2 )
=	2895.278	/	59.3125
=	48.81

Rede Energia Participacoes (BSP:REDE3) 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.

Rede Energia Participacoes'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
	=	59.3125	/	2895.278	*	365 / 4
	=	1.87

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.

Rede Energia Participacoes'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 )
	=	59.3125	/	4363.246
	=	0.01

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.

Rede Energia Participacoes Inventory Turnover Related Terms

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Rede Energia Participacoes (BSP:REDE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rede Energia Participacoes SA (BSP:REDE3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Praca Rui Barbosa, 80, Cataguases, MG, BRA, 36770-901

Website

https://www.energisa.com.br

Rede Energia SA along with its subsidiaries generates, distributes and markets electrical energy as well as provides services related to electricity sector. It provides its services to residential, commercial, industrial, rural and public customers.

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