Solar Enertech (Solar Enertech) Days Inventory : 45.61 (As of Dec. 2011)

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What is Solar Enertech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solar Enertech's Average Total Inventories for the three months ended in Dec. 2011 was $1.55 Mil. Solar Enertech's Cost of Goods Sold for the three months ended in Dec. 2011 was $3.09 Mil. Hence, Solar Enertech's Days Inventory for the three months ended in Dec. 2011 was 45.61.

The historical rank and industry rank for Solar Enertech's Days Inventory or its related term are showing as below:

SOEN's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.195
* Ranked among companies with meaningful Days Inventory only.

Solar Enertech's Days Inventory increased from Dec. 2010 (30.04) to Dec. 2011 (45.61). It might indicate that Solar Enertech's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solar Enertech's Inventory Turnover for the three months ended in Dec. 2011 was 2.00.

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. Solar Enertech's Inventory-to-Revenue for the three months ended in Dec. 2011 was 0.73.

Solar Enertech Days Inventory Historical Data

The historical data trend for Solar Enertech's Days 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.

* Premium members only.

Solar Enertech Days Inventory Chart

Solar Enertech Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Days Inventory

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351.10

58.40

47.84

22.74

26.18

Solar Enertech Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Days Inventory	Get a 7-Day Free Trial															30.04	43.55	29.33	43.32	45.61

Competitive Comparison of Solar Enertech's Days Inventory

For the Solar subindustry, Solar Enertech's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Solar Enertech's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Enertech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Solar Enertech's Days Inventory falls into.

Solar Enertech Days Inventory Calculation

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

Solar Enertech's Days Inventory for the fiscal year that ended in Sep. 2011 is calculated as

	Days Inventory (A: Sep. 2011 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2010 )	+	Total Inventories (A: Sep. 2011 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2011 )	*	Days in Period
=	( (4.083	+	2.189)	/	2 )	/	43.72	*	365
=	3.136					/	43.72	*	365
=	26.18

Solar Enertech's Days Inventory for the quarter that ended in Dec. 2011 is calculated as:

	Days Inventory (Q: Dec. 2011 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2011 )	+	Total Inventories (Q: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2011 )	*	Days in Period
=	( (2.189	+	0.901)	/	2 )	/	3.091	*	365 / 4
=	1.545					/	3.091	*	365 / 4
=	45.61

Solar Enertech (OTCPK:SOEN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Solar Enertech's Inventory Turnover for the three months ended in Dec. 2011 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.091	/	1.545
	=	2.00

2. 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.

Solar Enertech's Inventory to Revenue for the three months ended in Dec. 2011 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.545	/	2.107
	=	0.73

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Solar Enertech Days Inventory Related Terms

Thank you for viewing the detailed overview of Solar Enertech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Solar Enertech (Solar Enertech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Enertech Corp (OTCPK:SOEN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041

Website

http://www.solarenertech.com

Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.

Executives

David Anthony	director	200 LUDLOW DRIVE, EWING NJ 08638
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000

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