SolarBank (NEOE:SUNN) Change In Inventory : C$-2.31 Mil (TTM As of Mar. 2024)

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What is SolarBank Change In Inventory?

SolarBank's change in inventory for the quarter that ended in Mar. 2024 was C$-1.72 Mil. It means SolarBank's inventory increased by C$1.72 Mil from Dec. 2023 to Mar. 2024 .

SolarBank's change in inventory for the fiscal year that ended in Jun. 2023 was C$-0.26 Mil. It means SolarBank's inventory increased by C$0.26 Mil from Jun. 2022 to Jun. 2023 .

SolarBank's Total Inventories for the quarter that ended in Mar. 2024 was C$2.78 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SolarBank's Days Inventory for the quarter that ended in Mar. 2024 was 9.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. SolarBank's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.78.

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. SolarBank's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

SolarBank Change In Inventory Historical Data

The historical data trend for SolarBank'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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SolarBank Change In Inventory Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Change In Inventory

0.46

-0.26

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					0.07	0.01	-0.35	-0.26	-1.72

SolarBank 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.31 Mil.

SolarBank (NEOE:SUNN) Change In Inventory Explanation

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

SolarBank's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.91	/	18.687	*	365 / 4
	=	9.33

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

SolarBank's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.687	/	1.91
	=	9.78

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.

SolarBank's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.91	/	24.075
	=	0.08

SolarBank Change In Inventory Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

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