AACTF (Aurora Solar Technologies) Inventory Turnover : 0.23 (As of Sep. 2024)

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What is Aurora Solar Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Aurora Solar Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.70 Mil. Aurora Solar Technologies's Average Total Inventories for the quarter that ended in Sep. 2024 was $3.06 Mil. Aurora Solar Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aurora Solar Technologies's Days Inventory for the three months ended in Sep. 2024 was 399.59.

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. Aurora Solar Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.91.

Aurora Solar Technologies Inventory Turnover Historical Data

The historical data trend for Aurora Solar Technologies's Inventory Turnover 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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Aurora Solar Technologies Inventory Turnover Chart

Aurora Solar Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.65

4.07

1.54

1.38

Aurora Solar Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.37	0.54	0.27	0.21	0.23

Aurora Solar Technologies Inventory Turnover Calculation

Aurora Solar Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	3.474	/ (	(2.363	+	2.685)	/	2 )
=	3.474	/	2.524
=	1.38

Aurora Solar Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.699	/ (	(3.016	+	3.106)	/	2 )
=	0.699	/	3.061
=	0.23

Aurora Solar Technologies (OTCPK:AACTF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Aurora Solar Technologies's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3.061	/	0.699	*	365 / 4
	=	399.59

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.

Aurora Solar Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3.061	/	1.606
	=	1.91

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Aurora Solar Technologies Inventory Turnover Related Terms

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Aurora Solar Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Aurora Solar Technologies Inc (OTCPK:AACTF) » Definitions » Inventory Turnover

Traded in Other Exchanges

A82:Germany ACU:Canada

Address

788 Harbourside Drive, Suite 100, North Vancouver, Vancouver, BC, CAN, V7P 3R7

Website

https://www.aurorasolartech.com

Aurora Solar Technologies Inc is engaged in the delivery of inline process measurement, analysis, and control systems for solar cell manufacturers. Its products are DM Instruments, TCM Instruments, Insight, BT Imaging, and Visualize. The company's only operating segment is the development, manufacturing, and marketing, material inspection and inline quality control systems for the solar polysilicon, wafer, cell, and module manufacturing industries.

Aurora Solar Technologies Headlines

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