AES Andes (XSGO:AESANDES) Inventory Turnover : 2.62 (As of Mar. 2024)

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What is AES Andes 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. AES Andes's Cost of Goods Sold for the three months ended in Mar. 2024 was CLP396,445 Mil. AES Andes's Average Total Inventories for the quarter that ended in Mar. 2024 was CLP151,272 Mil. AES Andes's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AES Andes's Days Inventory for the three months ended in Mar. 2024 was 34.82.

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. AES Andes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

AES Andes Inventory Turnover Historical Data

The historical data trend for AES Andes'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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AES Andes Inventory Turnover Chart

AES Andes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.93

11.29

10.36

4.95

5.97

AES Andes 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															1.12	1.74	2.14	2.25	2.62

AES Andes Inventory Turnover Calculation

AES Andes'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 )
=	1863364.122	/ (	(459546.526	+	165207.531)	/	2 )
=	1863364.122	/	312377.0285
=	5.97

AES Andes'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 )
=	396444.998	/ (	(165207.531	+	137336.857)	/	2 )
=	396444.998	/	151272.194
=	2.62

AES Andes (XSGO:AESANDES) 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.

AES Andes'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
	=	151272.194	/	396444.998	*	365 / 4
	=	34.82

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.

AES Andes'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 )
	=	151272.194	/	523164.164
	=	0.29

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.

AES Andes Inventory Turnover Related Terms

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AES Andes (XSGO:AESANDES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » AES Andes SA (XSGO:AESANDES) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Avenida Rosario Norte 532, Floors 18-20, Los Condes, Santiago, CHL

Website

https://www.aesandes.com

AES Andes SA is an electric utility company involved in the generation and supply of electricity in South America. It owns and operates a portfolio of hydroelectric, coal-fired, diesel-fueled, cogeneration, and natural gas power generation facilities. Most of the energy produced by the company comes from its sites utilizing thermal fuel sources. The company primarily generates revenue from contracted energy and capacity sales. Sales made on the spot market also represent a substantial revenue stream. The company's primary customers are the multiple interconnected energy markets in Chile and Colombia, such as the Central Interconnected System (SIC) and the Great North Interconnected System (SING).

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