Comtec Solar Systems Group (STU:8C11) Inventory Turnover : 2.91 (As of Jun. 2023)

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What is Comtec Solar Systems Group 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. Comtec Solar Systems Group's Cost of Goods Sold for the six months ended in Jun. 2023 was €1.36 Mil. Comtec Solar Systems Group's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.47 Mil. Comtec Solar Systems Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comtec Solar Systems Group's Days Inventory for the six months ended in Jun. 2023 was 62.73.

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. Comtec Solar Systems Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.24.

Comtec Solar Systems Group Inventory Turnover Historical Data

The historical data trend for Comtec Solar Systems Group'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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Comtec Solar Systems Group Inventory Turnover Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.09

2.85

5.13

9.27

51.23

Comtec Solar Systems Group 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															0.54	4.86	7.77	2.91	40.32

Comtec Solar Systems Group Inventory Turnover Calculation

Comtec Solar Systems Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	3.971	/ (	(0.439	+	0.418)	/	2 )
=	3.971	/	0.4285
=	9.27

Comtec Solar Systems Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1.363	/ (	(0.418	+	0.519)	/	2 )
=	1.363	/	0.4685
=	2.91

Comtec Solar Systems Group (STU:8C11) 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.

Comtec Solar Systems Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.4685	/	1.363	*	365 / 2
	=	62.73

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.

Comtec Solar Systems Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.4685	/	1.989
	=	0.24

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.

Comtec Solar Systems Group Inventory Turnover Related Terms

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Comtec Solar Systems Group (STU:8C11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (STU:8C11) » Definitions » Inventory Turnover

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Traded in Other Exchanges

00712:Hong Kong 8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

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