Solargiga Energy Holdings (HKSE:00757) Change In Inventory : HK$301 Mil (TTM As of Jun. 2024)

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What is Solargiga Energy Holdings Change In Inventory?

Solargiga Energy Holdings's change in inventory for the quarter that ended in Jun. 2024 was HK$-379 Mil. It means Solargiga Energy Holdings's inventory increased by HK$379 Mil from Dec. 2023 to Jun. 2024 .

Solargiga Energy Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$331 Mil. It means Solargiga Energy Holdings's inventory declined by HK$331 Mil from Dec. 2022 to Dec. 2023 .

Solargiga Energy Holdings's Total Inventories for the quarter that ended in Jun. 2024 was HK$717 Mil.

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 quarter that ended in Jun. 2024 was 54.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solargiga Energy Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.35.

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 Jun. 2024 was 0.29.

Solargiga Energy Holdings Change In Inventory Historical Data

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

Solargiga Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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81.60

-67.04

-490.75

331.32

Solargiga Energy Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Inventory	Get a 7-Day Free Trial															-119.37	-348.60	679.92	-378.62	-

Solargiga Energy Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$301 Mil.

Solargiga Energy Holdings (HKSE:00757) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	537.18	/	1799.203	*	365 / 2
	=	54.49

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Solargiga Energy Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1799.203	/	537.18
	=	3.35

3. 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 Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	537.18	/	1822.849
	=	0.29

Solargiga Energy Holdings Change In Inventory Related Terms

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Solargiga Energy Holdings Business Description

Industry

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Traded in Other Exchanges

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 segments: the manufacture and trading of photovoltaic modules; the construction and operation of photovoltaic power plants; and the manufacture and trading of semiconductor, the trading of monocrystalline silicon solar cells and others. 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 and other Asian regions.

Executives

Sze Tan Hung	2101 Beneficial owner
Tung Ching Sai	2202 Interest of your spouse
Hiramatsu International Corp.	2101 Beneficial owner
Tan Wenhua
Hiramatsu International Corporation

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