Days Inventory is also known as Days Sales of Inventory (DSI). SolarEdge Technologies's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,311 Mil. SolarEdge Technologies's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $372 Mil.
Hence, SolarEdge Technologies's Days Inventory for the
three
months ended in Dec. 2023 was 321.09.
The historical rank and industry rank for SolarEdge Technologies's Days Inventory or its related term are showing as below:
SEDG'
s Days Inventory Range Over the Past 10 Years
Min: 60.23 Med: 80.27 Max: 174.47
Current: 167.31
During the past 12 years, SolarEdge Technologies's highest Days Inventory was 174.47. The lowest was 60.23. And the median was 80.27.
SEDG's Days Inventory is ranked worse than 65.25% of 941
companies
in the Semiconductors industry
Industry Median: 132.01
vs SEDG: 167.31
SolarEdge Technologies's Days Inventory
increased
from Dec. 2022 (93.51) to Dec. 2023 (321.09).
It might indicate that SolarEdge Technologies's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SolarEdge Technologies's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.28.
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.
SolarEdge Technologies's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 4.15.
SolarEdge Technologies Days Inventory Historical Data
The historical data trend for SolarEdge Technologies'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.
For the Solar subindustry, SolarEdge Technologies'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.
SolarEdge Technologies Days Inventory Distribution
For the Semiconductors industry and Technology sector, SolarEdge Technologies's Days Inventory distribution charts can be found below:
* The bar in red indicates where SolarEdge Technologies's Days Inventory falls into.
SolarEdge Technologies Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SolarEdge Technologies's Days Inventory 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.
SolarEdge Technologies (NAS:SEDG) 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.
SolarEdge Technologies's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
SolarEdge Technologies's Inventory to Revenue 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.
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.
SolarEdge Technologies Days Inventory Related Terms
Thank you for viewing the detailed overview of SolarEdge Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SolarEdge Technologies (SolarEdge Technologies) Business Description
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.
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