ReneSola (XSWX:RESOL1) Days Inventory : 0.00 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is ReneSola Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ReneSola's Average Total Inventories for the three months ended in Dec. 2023 was CHF0.00 Mil. ReneSola's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF35.16 Mil. Hence, ReneSola's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

During the past 13 years, ReneSola's highest Days Inventory was 1076.92. The lowest was 96.76. And the median was 962.27.

XSWX:RESOL1's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.36
* Ranked among companies with meaningful Days Inventory only.

ReneSola's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. ReneSola's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

ReneSola Days Inventory Historical Data

The historical data trend for ReneSola'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.

* Premium members only.

ReneSola Days Inventory Chart

ReneSola Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

ReneSola Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of ReneSola's Days Inventory

For the Solar subindustry, ReneSola'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.

ReneSola's Days Inventory Distribution in the Semiconductors Industry

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

* The bar in red indicates where ReneSola's Days Inventory falls into.

ReneSola Days Inventory Calculation

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

ReneSola's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	70.383	*	365
=	0					/	70.383	*	365
=	0.00

ReneSola's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	35.16	*	365 / 4
=	0					/	35.16	*	365 / 4
=	0.00

ReneSola (XSWX:RESOL1) 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.

ReneSola's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.16	/	0
	=

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.

ReneSola's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	38.051
	=	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.

ReneSola Days Inventory Related Terms

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

ReneSola (XSWX:RESOL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ReneSola Ltd (XSWX:RESOL1) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SOL:USA SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

ReneSola (XSWX:RESOL1) Headlines

No Headlines