SolarMax Technology (SolarMax Technology) Change In Inventory : $1.51 Mil (TTM As of Mar. 2024)

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What is SolarMax Technology Change In Inventory?

SolarMax Technology's change in inventory for the quarter that ended in Mar. 2024 was $0.06 Mil. It means SolarMax Technology's inventory declined by $0.06 Mil from Dec. 2023 to Mar. 2024 .

SolarMax Technology's change in inventory for the fiscal year that ended in Dec. 2023 was $1.95 Mil. It means SolarMax Technology's inventory declined by $1.95 Mil from Dec. 2022 to Dec. 2023 .

SolarMax Technology's Total Inventories for the quarter that ended in Mar. 2024 was $1.25 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SolarMax Technology's Days Inventory for the quarter that ended in Mar. 2024 was 18.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. SolarMax Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.81.

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. SolarMax Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

SolarMax Technology Change In Inventory Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Change In Inventory Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.52

0.62

-1.35

-0.12

1.95

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.50	0.77	0.37	0.32	0.06

SolarMax Technology 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 $1.51 Mil.

SolarMax Technology (NAS:SMXT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.2945	/	6.228	*	365 / 4
	=	18.97

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.228	/	1.2945
	=	4.81

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.2945	/	5.764
	=	0.22

SolarMax Technology Change In Inventory Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Change In Inventory

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6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024