Clearway Energy Inc Class C (CWEN)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	473,000	457,000	421,000	415,000	435,000	455,000	474,000	469,000	451,000	425,000	403,000	383,000	366,000	367,000	356,000	347,000	337,000	325,000	325,000	321,000
Inventory	US$ in thousands	55,000	55,000	51,000	49,000	47,000	48,000	39,000	38,000	37,000	42,000	43,000	43,000	42,000	42,000	41,000	41,000	40,000	43,000	49,000	40,000
Inventory turnover		8.60	8.31	8.25	8.47	9.26	9.48	12.15	12.34	12.19	10.12	9.37	8.91	8.71	8.74	8.68	8.46	8.42	7.56	6.63	8.02

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $473,000K ÷ $55,000K
= 8.60

Clearway Energy Inc's inventory turnover has shown a consistent trend over the past eight quarters. The inventory turnover ratio has ranged from 8.25 to 9.48 in the last year. The trend indicates that Clearway Energy is effectively managing its inventory levels in relation to its sales volume, with a relatively stable performance in this aspect.

The inventory turnover ratio measures how efficiently a company is managing its inventory by showing how many times the inventory is sold and replaced over a specific period. A higher turnover ratio generally indicates that the company is selling its inventory more quickly, which can be a sign of efficient inventory management.

In Clearway Energy's case, the inventory turnover ratios have been relatively high, ranging from 8.25 to 12.34. This suggests that Clearway Energy is adept at managing its inventory levels effectively, turning over its inventory multiple times throughout the year.

Overall, Clearway Energy's inventory turnover ratios show a consistent and healthy performance in managing its inventory efficiently over the past year.