Soltec Power Holdings (XMAD:SOL) Change In Inventory : €21.8 Mil (TTM As of Jun. 2023)

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What is Soltec Power Holdings Change In Inventory?

Soltec Power Holdings's change in inventory for the quarter that ended in Jun. 2023 was €-11.4 Mil. It means Soltec Power Holdings's inventory increased by €11.4 Mil from Dec. 2022 to Jun. 2023 .

Soltec Power Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was €30.5 Mil. It means Soltec Power Holdings's inventory declined by €30.5 Mil from Dec. 2021 to Dec. 2022 .

Soltec Power Holdings's Total Inventories for the quarter that ended in Jun. 2023 was €38.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Soltec Power Holdings's Days Inventory for the quarter that ended in Jun. 2023 was 58.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Soltec Power Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.12.

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. Soltec Power Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.19.

Soltec Power Holdings Change In Inventory Historical Data

The historical data trend for Soltec Power 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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Soltec Power Holdings Change In Inventory Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-1.90

1.01

-48.76

30.47

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial			-28.72	-20.03	-2.80	33.27	-11.44

Soltec Power 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €21.8 Mil.

Soltec Power Holdings (XMAD:SOL) Change In Inventory Explanation

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

Soltec Power 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
	=	34.8075	/	108.664	*	365 / 2
	=	58.46

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

Soltec Power Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	108.664	/	34.8075
	=	3.12

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.

Soltec Power Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.8075	/	184.513
	=	0.19

Soltec Power Holdings Change In Inventory Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.