Clearway Energy Inc Class C (CWEN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 473,000 | 435,000 | 451,000 | 366,000 | 337,000 |
| Inventory | US$ in thousands | 55,000 | 47,000 | 37,000 | 42,000 | 40,000 |
| Inventory turnover | 8.60 | 9.26 | 12.19 | 8.71 | 8.42 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $473,000K ÷ $55,000K
= 8.60
Clearway Energy Inc's inventory turnover has fluctuated over the past five years. In 2023, the inventory turnover ratio was 8.60, a decrease from the previous year's ratio of 9.26. Despite this decrease, the ratio remains relatively high, indicating that the company is efficiently managing its inventory.
In 2021, the inventory turnover ratio reached its peak at 12.19, signaling that Clearway Energy Inc was able to sell and replace its inventory multiple times throughout the year. This high turnover ratio suggests effective inventory management and liquidity.
Overall, Clearway Energy Inc's inventory turnover has shown some variability but has generally been at a level indicating efficient management of inventory levels and operations. It is essential for the company to monitor this ratio closely to ensure that inventory levels are optimized to support sales and profitability.
Peer comparison
Dec 31, 2023