Canadian Solar (Canadian Solar) Change In Inventory : $0 Mil (TTM As of Sep. 2023)

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What is Canadian Solar Change In Inventory?

Canadian Solar's change in inventory for the quarter that ended in Sep. 2023 was $0 Mil. It means Canadian Solar's inventory stayed the same from Jun. 2023 to Sep. 2023 .

Canadian Solar's change in inventory for the fiscal year that ended in Dec. 2022 was $-406 Mil. It means Canadian Solar's inventory increased by $406 Mil from Dec. 2021 to Dec. 2022 .

Canadian Solar's Total Inventories for the quarter that ended in Sep. 2023 was $1,432 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canadian Solar's Days Inventory for the quarter that ended in Sep. 2023 was 87.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Solar's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.04.

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. Canadian Solar's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.80.

Canadian Solar Change In Inventory Historical Data

The historical data trend for Canadian Solar's Change In Inventory 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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Canadian Solar Change In Inventory Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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55.41

-312.78

-180.97

-518.74

-406.34

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Canadian Solar Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Canadian Solar (NAS:CSIQ) Change In Inventory Explanation

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

Canadian Solar's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1482.2605	/	1538.281	*	365 / 4
	=	87.93

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

Canadian Solar's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1538.281	/	1482.2605
	=	1.04

3. 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.

Canadian Solar's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1482.2605	/	1846.285
	=	0.80

Canadian Solar Change In Inventory Related Terms

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Canadian Solar (Canadian Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Canadian Solar Inc (NAS:CSIQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CSIQ:Mexico L5A:Germany L5A:Germany

Address

545 Speedvale Avenue West, Guelph, ON, CAN, N1K 1E6

Website

https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments CSI Solar and Global Energy segment. The CSI Solar segment design, develop and manufacture solar ingots, wafers, cells, modules and other solar power and battery storage products. Its Energy segment primarily comprises solar and battery storage project development and sale, O&M and asset management services for operational projects, sale of electricity, and investment in retained assets.