Sunlight Financial Holdings (Sunlight Financial Holdings) Days Inventory : 0.00 (As of Jun. 2023)

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What is Sunlight Financial Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunlight Financial Holdings's Average Total Inventories for the three months ended in Jun. 2023 was $0.00 Mil. Sunlight Financial Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $20.11 Mil. Hence, Sunlight Financial Holdings's Days Inventory for the three months ended in Jun. 2023 was 0.00.

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

SUNLQ's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 40.39
* Ranked among companies with meaningful Days Inventory only.

Sunlight Financial Holdings's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 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.

Sunlight Financial Holdings Days Inventory Historical Data

The historical data trend for Sunlight Financial Holdings'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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Sunlight Financial Holdings Days Inventory Chart

Sunlight Financial Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

Sunlight Financial Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Sunlight Financial Holdings's Days Inventory

For the Credit Services subindustry, Sunlight Financial Holdings'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.

Sunlight Financial Holdings's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sunlight Financial Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sunlight Financial Holdings's Days Inventory falls into.

Sunlight Financial Holdings Days Inventory Calculation

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

Sunlight Financial Holdings'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
=	( (0	+	0)	/	1 )	/	78.841	*	365
=	0					/	78.841	*	365
=	0.00

Sunlight Financial Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	20.113	*	365 / 4
=	0					/	20.113	*	365 / 4
=	0.00

Sunlight Financial Holdings (OTCPK:SUNLQ) 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.

Sunlight Financial Holdings's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.113	/	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.

Sunlight Financial Holdings's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	-29.627
	=

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.

Sunlight Financial Holdings Days Inventory Related Terms

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

Sunlight Financial Holdings (Sunlight Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sunlight Financial Holdings Inc (OTCPK:SUNLQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Tryon Street, Suite 1000, Charlotte, NC, USA, 28246

Website

https://www.sunlightfinancial.com

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.

Executives

Matthew Potere	director, officer: Chief Executive Officer	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Rodney Yoder	officer: Chief Financial Officer	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Timothy Parsons	officer: EVP and COO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Anrp Capital Management Iii, Llc	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Apollo Anrp Advisors Iii, L.p.	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Ap Spartan Energy Holdings Ii, L.p.	10 percent owner	9 WEST 57TH ST, 43RD FLOOR, NEW YORK NY 10019
Spartan Acquisition Sponsor Ii Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aph Holdings, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Barry Edinburg	officer: EVP and CFO	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
William B Miller	officer: Managing Director Acct Finance	C/O SUNLIGHT FINANCIAL HOLDINGS INC., 101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Scott Mulloy	officer: EVP and CIO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Kenneth Shea	director	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tiger Infrastructure Partners Co-invest B Lp	10 percent owner	717 FIFTH AVENUE, FLOOR 12A, NEW YORK NY 10022
Ftv V, L.p.	10 percent owner	555 CALIFORNIA STREET, SUITE 2900, SAN FRANCISCO CA 94104