Clearway Energy Inc Class C (CWEN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 501,000 | 473,000 | 435,000 | 451,000 | 366,000 |
| Inventory | US$ in thousands | 64,000 | 55,000 | 47,000 | 37,000 | 42,000 |
| Inventory turnover | 7.83 | 8.60 | 9.26 | 12.19 | 8.71 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $501,000K ÷ $64,000K
= 7.83
The inventory turnover ratio for Clearway Energy Inc Class C has shown variability over the past five years. In December 31, 2021, the ratio improved significantly to 12.19, indicating that the company's inventory was sold and replaced more frequently during that period. However, in the following years, the ratio decreased, reaching 7.83 by December 31, 2024. This suggests that Clearway Energy Inc Class C is taking longer to sell its inventory compared to the previous year, potentially indicating issues with inventory management or slowing sales. Overall, while the company experienced a peak in inventory turnover in 2021, the subsequent decrease in the ratio highlights the importance of effective inventory management strategies to maintain optimal turnover levels and operational efficiency.
Peer comparison
Dec 31, 2024