Energy Vault Holdings (Energy Vault Holdings) Total Inventories : $0.4 Mil (As of Mar. 2024)

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What is Energy Vault Holdings Total Inventories?

Energy Vault Holdings's total inventories for the quarter that ended in Mar. 2024 was $0.4 Mil. Energy Vault Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Energy Vault Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy Vault Holdings's Days Inventory for the three months ended in Mar. 2024 was 6.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Energy Vault Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.71.

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. Energy Vault Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Energy Vault Holdings Total Inventories Historical Data

The historical data trend for Energy Vault Holdings's Total Inventories 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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Energy Vault Holdings Total Inventories Chart

Energy Vault Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

4.38

0.42

Energy Vault Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial											4.90	-	4.95	0.42	0.42

Energy Vault Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Energy Vault Holdings (NYSE:NRGV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Energy Vault Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(135.773	+	0.75 * 3.96	+	0.5 * 0.415	-	73.606
-	0	-	0)	/	147.868
=	0.44

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

Energy Vault Holdings'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
	=	0.415	/	5.691	*	365 / 4
	=	6.65

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

Energy Vault Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	5.691	/	0.415
	=	13.71

4. 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.

Energy Vault Holdings'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 )
	=	0.415	/	7.759
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Energy Vault Holdings Total Inventories Related Terms

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Energy Vault Holdings (Energy Vault Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Vault Holdings Inc (NYSE:NRGV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

8610:Germany 8610:Germany

Address

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361

Website

https://www.energyvault.com

Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.

Executives

Akshay Ladwa	officer: Chief Engineering Officer	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin	officer: Chief Product Officer	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees	officer: Chief Financial Officer	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese	officer: Chief Operating Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren	officer: Chief People Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow	officer: Chief Legal Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander	officer: Chief Marketing Officer	C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi	director, officer: Chief Executive Officer	C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti	officer: Chief Technology Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello	director	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross	director	C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock	officer: Interim CFO	67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel	director	C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc	10 percent owner	130 W. UNION STREET, PASADENA CA 91103
John G Jung	officer: President of EVS	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361