Solargiga Energy Holdings (Solargiga Energy Holdings) Inventory Turnover : 5.54 (As of Dec. 2023)

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What is Solargiga Energy Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Solargiga Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $490 Mil. Solargiga Energy Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $88 Mil. Solargiga Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solargiga Energy Holdings's Days Inventory for the six months ended in Dec. 2023 was 32.96.

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. Solargiga Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Solargiga Energy Holdings Inventory Turnover Historical Data

The historical data trend for Solargiga Energy Holdings's Inventory Turnover 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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Solargiga Energy Holdings Inventory Turnover Chart

Solargiga Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.92

13.62

9.59

12.10

14.51

Solargiga Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.70	3.62	6.30	4.20	5.54

Solargiga Energy Holdings Inventory Turnover Calculation

Solargiga Energy Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	943.23	/ (	(84.279	+	45.764)	/	2 )
=	943.23	/	65.0215
=	14.51

Solargiga Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	489.628	/ (	(131.117	+	45.764)	/	2 )
=	489.628	/	88.4405
=	5.54

Solargiga Energy Holdings (OTCPK:SEHLF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Solargiga Energy Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	88.4405	/	489.628	*	365 / 2
	=	32.96

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.

Solargiga Energy Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	88.4405	/	521.03
	=	0.17

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Solargiga Energy Holdings Inventory Turnover Related Terms

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Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

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00757:Hong Kong 3FV:Germany

Address

25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.solargiga.com

Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

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