Solar Innovation (WAR:SIN) Days Inventory : 63.17 (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Solar Innovation Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solar Innovation's Average Total Inventories for the three months ended in Sep. 2023 was zł0.02 Mil. Solar Innovation's Cost of Goods Sold for the three months ended in Sep. 2023 was zł0.03 Mil. Hence, Solar Innovation's Days Inventory for the three months ended in Sep. 2023 was 63.17.

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

WAR:SIN' s Days Inventory Range Over the Past 10 Years
Min: 19.18 Med: 62.47 Max: 241.86
Current: 72

During the past 13 years, Solar Innovation's highest Days Inventory was 241.86. The lowest was 19.18. And the median was 62.47.

WAR:SIN's Days Inventory is ranked better than
56.52% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs WAR:SIN: 72.00

Solar Innovation's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (63.17). It might indicate that Solar Innovation's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solar Innovation's Inventory Turnover for the three months ended in Sep. 2023 was 1.44.

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 Innovation's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.58.

Solar Innovation Days Inventory Historical Data

The historical data trend for Solar Innovation'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 Innovation Days Inventory Chart

Solar Innovation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

63.86

62.73

19.18

241.86

162.46

Solar Innovation Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	26.14	64.92	137.51	63.17

Competitive Comparison of Solar Innovation's Days Inventory

For the Packaged Foods subindustry, Solar Innovation'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 Innovation's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Solar Innovation's Days Inventory distribution charts can be found below:

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

Solar Innovation Days Inventory Calculation

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

Solar Innovation's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.987	+	0.706)	/	2 )	/	5.272	*	365
=	2.3465					/	5.272	*	365
=	162.46

Solar Innovation's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.018	+	0)	/	1 )	/	0.026	*	365 / 4
=	0.018					/	0.026	*	365 / 4
=	63.17

Solar Innovation (WAR:SIN) 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 Innovation's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.026	/	0.018
	=	1.44

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 Innovation's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.018	/	0.031
	=	0.58

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 Innovation Days Inventory Related Terms

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

Solar Innovation (WAR:SIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Solar Innovation SA (WAR:SIN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ulica Wadowicka 12, Krakow, POL, 30-415

Website

http://www.tableo.pl

Solar Innovation SA formerly Ciasteczka z Krakowa SA produces and markets food products in Poland. The company offers Shortbread cookies, Stuffed cookies, French cookies, Gingerbread cookies, Stuffed muffins, Chocolates and Translated wafers, among others.

Solar Innovation (WAR:SIN) Headlines

No Headlines