REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Inventory Turnover : 22.56 (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps 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. REN-Redes Energeticas Nacionais Sgps's Cost of Goods Sold for the three months ended in Dec. 2023 was €139.0 Mil. REN-Redes Energeticas Nacionais Sgps's Average Total Inventories for the quarter that ended in Dec. 2023 was €6.2 Mil. REN-Redes Energeticas Nacionais Sgps's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REN-Redes Energeticas Nacionais Sgps's Days Inventory for the three months ended in Dec. 2023 was 4.04.

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. REN-Redes Energeticas Nacionais Sgps's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

REN-Redes Energeticas Nacionais Sgps Inventory Turnover Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps Inventory Turnover Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.24

45.43

38.99

28.33

46.38

REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															13.33	7.10	11.19	11.47	22.56

REN-Redes Energeticas Nacionais Sgps Inventory Turnover Calculation

REN-Redes Energeticas Nacionais Sgps'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 )
=	285.874	/ (	(5.134	+	7.193)	/	2 )
=	285.874	/	6.1635
=	46.38

REN-Redes Energeticas Nacionais Sgps's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	139.031	/ (	(5.13	+	7.193)	/	2 )
=	139.031	/	6.1615
=	22.56

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) 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.

REN-Redes Energeticas Nacionais Sgps'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
	=	6.1615	/	139.031	*	365 / 4
	=	4.04

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.

REN-Redes Energeticas Nacionais Sgps'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 )
	=	6.1615	/	304.535
	=	0.02

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.

REN-Redes Energeticas Nacionais Sgps Inventory Turnover Related Terms

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REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Inventory Turnover

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).