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 Average Total Inventories for the quarter that ended in Dec. 2023 was €1,212 Mil. Canadian Solar's Revenue for the
three
months ended in Dec. 2023 was €1,561 Mil.
Canadian Solar's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.
Canadian Solar's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.80) to Sep. 2023 (0.78)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
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
three
months ended in Dec. 2023 was 81.01.
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 Dec. 2023 was 1.13.
Canadian Solar Inventory-to-Revenue Historical Data
The historical data trend for Canadian Solar's Inventory-to-Revenue 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.
Competitive Comparison of Canadian Solar's Inventory-to-Revenue
For the Solar subindustry, Canadian Solar's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Canadian Solar's Inventory-to-Revenue Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Canadian Solar's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Canadian Solar's Inventory-to-Revenue falls into.
Canadian Solar Inventory-to-Revenue Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
Canadian Solar (FRA:L5A) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
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
three
months ended in Dec. 2023 is calculated as:
* 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.
Canadian Solar Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Canadian Solar's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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