Plug Inventory Turnover from 2010 to 2024

PLUG Stock  USD 2.24  0.11  5.16%   
Plug Power's Inventory Turnover is decreasing over the last several years with slightly volatile swings. Inventory Turnover is predicted to flatten to 1.38. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
1.45552836
Current Value
1.38
Quarterly Volatility
11.19583861
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Plug Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Plug Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 74.6 M, Interest Expense of 47.5 M or Total Revenue of 935.9 M, as well as many indicators such as Price To Sales Ratio of 2.86, Dividend Yield of 0.0 or PTB Ratio of 0.88. Plug financial statements analysis is a perfect complement when working with Plug Power Valuation or Volatility modules.
  
Check out the analysis of Plug Power Correlation against competitors.
For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.

Latest Plug Power's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Plug Power over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Plug Power's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Plug Power's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

Plug Inventory Turnover Regression Statistics

Arithmetic Mean5.72
Geometric Mean3.23
Coefficient Of Variation195.70
Mean Deviation5.38
Median2.79
Standard Deviation11.20
Sample Variance125.35
Range44.6725
R-Value(0.49)
Mean Square Error102.03
R-Squared0.24
Significance0.06
Slope(1.24)
Total Sum of Squares1,755

Plug Inventory Turnover History

2024 1.38
2023 1.46
2022 1.39
2021 2.5
2020 3.04
2018 3.59
2017 2.69

About Plug Power Financial Statements

Plug Power stakeholders use historical fundamental indicators, such as Plug Power's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Plug Power investors may analyze each financial statement separately, they are all interrelated. For example, changes in Plug Power's assets and liabilities are reflected in the revenues and expenses on Plug Power's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Plug Power. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 1.46  1.38 

Currently Active Assets on Macroaxis

When determining whether Plug Power is a strong investment it is important to analyze Plug Power's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Plug Power's future performance. For an informed investment choice regarding Plug Stock, refer to the following important reports:
Check out the analysis of Plug Power Correlation against competitors.
For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Plug Power. If investors know Plug will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Plug Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.11)
Revenue Per Share
0.929
Quarterly Revenue Growth
(0.13)
Return On Assets
(0.13)
Return On Equity
(0.43)
The market value of Plug Power is measured differently than its book value, which is the value of Plug that is recorded on the company's balance sheet. Investors also form their own opinion of Plug Power's value that differs from its market value or its book value, called intrinsic value, which is Plug Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Plug Power's market value can be influenced by many factors that don't directly affect Plug Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Plug Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plug Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plug Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.