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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)


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What is Solax Power Network Technology (Zhejiang) Co Change In Inventory?

Solax Power Network Technology (Zhejiang) Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Solax Power Network Technology (Zhejiang) Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Solax Power Network Technology (Zhejiang) Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥258 Mil. It means Solax Power Network Technology (Zhejiang) Co's inventory declined by ¥258 Mil from Dec. 2022 to Dec. 2023 .

Solax Power Network Technology (Zhejiang) Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥938 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solax Power Network Technology (Zhejiang) Co's Days Inventory for the quarter that ended in Mar. 2024 was 219.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solax Power Network Technology (Zhejiang) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

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. Solax Power Network Technology (Zhejiang) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.44.

Solax Power Network Technology (Zhejiang) Co Change In Inventory Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) Co'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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Solax Power Network Technology (Zhejiang) Co Change In Inventory Chart

Solax Power Network Technology (Zhejiang) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
-85.62 36.57 -289.52 -918.30 257.78

Solax Power Network Technology (Zhejiang) Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Solax Power Network Technology (Zhejiang) Co 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 ¥0 Mil.

* 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.

Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) Change In Inventory Explanation

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

Solax Power Network Technology (Zhejiang) Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=985.781/410.214*365 / 4
=219.28

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

Solax Power Network Technology (Zhejiang) Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=410.214 / 985.781
=0.42

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.

Solax Power Network Technology (Zhejiang) Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=985.781 / 684.282
=1.44

* 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.

Solax Power Network Technology (Zhejiang) Co Change In Inventory Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » Change In Inventory
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N/A
Address
No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063
Website
https://www.solaxpower.com.cn
Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

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