Solar Integrated Roofing (Solar Integrated Roofing) Days Inventory : 0.32 (As of Sep. 2022)

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What is Solar Integrated Roofing Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solar Integrated Roofing's Average Total Inventories for the three months ended in Sep. 2022 was $0.15 Mil. Solar Integrated Roofing's Cost of Goods Sold for the three months ended in Sep. 2022 was $43.07 Mil. Hence, Solar Integrated Roofing's Days Inventory for the three months ended in Sep. 2022 was 0.32.

The historical rank and industry rank for Solar Integrated Roofing's Days Inventory or its related term are showing as below:

SIRC's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.22
* Ranked among companies with meaningful Days Inventory only.

Solar Integrated Roofing's Days Inventory increased from May. 2010 (0.00) to Sep. 2022 (0.32). It might indicate that Solar Integrated Roofing's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solar Integrated Roofing's Inventory Turnover for the three months ended in Sep. 2022 was 285.24.

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. Solar Integrated Roofing's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.00.

Solar Integrated Roofing Days Inventory Historical Data

The historical data trend for Solar Integrated Roofing's Days 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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Solar Integrated Roofing Days Inventory Chart

Solar Integrated Roofing Annual Data

Trend

Feb08

Feb09

Days Inventory

Solar Integrated Roofing Quarterly Data
	Aug07	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug10	Nov10	Sep21	Sep22
Days Inventory	Get a 7-Day Free Trial											-	-	-	-	0.32

Competitive Comparison of Solar Integrated Roofing's Days Inventory

For the Solar subindustry, Solar Integrated Roofing's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Solar Integrated Roofing's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Days Inventory distribution charts can be found below:

* The bar in red indicates where Solar Integrated Roofing's Days Inventory falls into.

Solar Integrated Roofing Days Inventory Calculation

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

Solar Integrated Roofing's Days Inventory for the fiscal year that ended in Feb. 2009 is calculated as

	Days Inventory (A: Feb. 2009 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2008 )	+	Total Inventories (A: Feb. 2009 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2009 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Solar Integrated Roofing's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0	+	0.151)	/	1 )	/	43.071	*	365 / 4
=	0.151					/	43.071	*	365 / 4
=	0.32

Solar Integrated Roofing (OTCPK:SIRC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Solar Integrated Roofing's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.071	/	0.151
	=	285.24

2. 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.

Solar Integrated Roofing's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.151	/	57.267
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Solar Integrated Roofing Days Inventory Related Terms

Thank you for viewing the detailed overview of Solar Integrated Roofing's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Solar Integrated Roofing (Solar Integrated Roofing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Integrated Roofing Corp (OTCPK:SIRC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2831 St. Rose Pkwy, Suite 200, Henderson, NV, USA, 89052

Website

https://www.solarintegratedroofingcorp.com

Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.

Executives

Richard G Stifel	officer: CFO/Secretary	6501 E. GREENWAY PKWY, SUITE 103-412, SCOTTSDALE AZ 85254
Timothy Barritt	director, officer: CEO/President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Raymond Murphy	director, officer: COO/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Richard Stockdale	director, officer: Treasurer/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718