Canadian Solar (Canadian Solar) Days Inventory : 87.93 (As of Sep. 2023)

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What is Canadian Solar Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canadian Solar's Average Total Inventories for the three months ended in Sep. 2023 was $1,482 Mil. Canadian Solar's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,538 Mil. Hence, Canadian Solar's Days Inventory for the three months ended in Sep. 2023 was 87.93.

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

CSIQ' s Days Inventory Range Over the Past 10 Years
Min: 37.37 Med: 55.44 Max: 87.62
Current: 87.62

During the past 13 years, Canadian Solar's highest Days Inventory was 87.62. The lowest was 37.37. And the median was 55.44.

CSIQ's Days Inventory is ranked better than
67.69% of 941 companies
in the Semiconductors industry
Industry Median: 131.06 vs CSIQ: 87.62

Canadian Solar's Days Inventory declined from Sep. 2022 (93.75) to Sep. 2023 (87.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Solar's Inventory Turnover for the three months 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 three months ended in Sep. 2023 was 0.80.

Canadian Solar Days Inventory Historical Data

The historical data trend for Canadian Solar'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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Canadian Solar Days Inventory Chart

Canadian Solar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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37.37

60.00

81.87

78.90

79.89

Canadian Solar Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															93.75	87.93	105.40	75.99	87.93

Competitive Comparison of Canadian Solar's Days Inventory

For the Solar subindustry, Canadian Solar'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.

Canadian Solar's Days Inventory Distribution in the Semiconductors Industry

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

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

Canadian Solar Days Inventory Calculation

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 fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1192.374	+	1524.095)	/	2 )	/	6205.474	*	365
=	1358.2345					/	6205.474	*	365
=	79.89

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1532.149	+	1432.372)	/	2 )	/	1538.281	*	365 / 4
=	1482.2605					/	1538.281	*	365 / 4
=	87.93

Canadian Solar (NAS:CSIQ) 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.

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

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

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.

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

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

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.

Canadian Solar Days Inventory Related Terms

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

Canadian Solar (Canadian Solar) Business Description

Industry

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