Stardust Solar Energy (TSXV:SUN) Days Inventory : 2.44 (As of Sep. 2024)

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What is Stardust Solar Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Stardust Solar Energy's Average Total Inventories for the three months ended in Sep. 2024 was C$0.02 Mil. Stardust Solar Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.62 Mil. Hence, Stardust Solar Energy's Days Inventory for the three months ended in Sep. 2024 was 2.44.

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

TSXV:SUN' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.24
Current: 4.24

During the past 0 years, Stardust Solar Energy's highest Days Inventory was 4.24. The lowest was 0.00. And the median was 0.00.

TSXV:SUN's Days Inventory is ranked better than
90.58% of 329 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.23 vs TSXV:SUN: 4.24

Stardust Solar Energy's Days Inventory increased from . 20 (0.00) to Sep. 2024 (2.44). It might indicate that Stardust Solar Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stardust Solar Energy's Inventory Turnover for the three months ended in Sep. 2024 was 37.33.

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. Stardust Solar Energy's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.02.

Stardust Solar Energy Days Inventory Historical Data

The historical data trend for Stardust Solar Energy'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.

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Stardust Solar Energy Days Inventory Chart

Stardust Solar Energy Annual Data

Trend

Days Inventory

Stardust Solar Energy Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Days Inventory	-	-	1.36	2.44

Competitive Comparison of Stardust Solar Energy's Days Inventory

For the Utilities - Renewable subindustry, Stardust Solar Energy'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.

Stardust Solar Energy's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Stardust Solar Energy's Days Inventory distribution charts can be found below:

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

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Stardust Solar Energy Days Inventory Calculation

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

Stardust Solar Energy's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Stardust Solar Energy's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.012	+	0.021)	/	2 )	/	0.616	*	365 / 4
=	0.0165					/	0.616	*	365 / 4
=	2.44

Stardust Solar Energy (TSXV:SUN) 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.

Stardust Solar Energy's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.616	/	0.0165
	=	37.33

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.

Stardust Solar Energy's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0165	/	0.896
	=	0.02

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.

Stardust Solar Energy Days Inventory Related Terms

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

Stardust Solar Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Stardust Solar Energy Inc (TSXV:SUN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6330:Germany

Address

B101 – 9000 Bill Fox Way, Burnaby, BC, CAN, V5J 5J3

Website

https://www.stardustsolar.com

Stardust Solar Energy Inc is a franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. It lends its brand and business management services to entrepreneurs looking to enter the industry of renewable energies. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, the company supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, the company supports its franchisees with many services including marketing, sales, engineering, plan sets, customer service, and project management.

Executives

Mark Tadros

10% Security Holder, Director, Senior Officer