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Astrasun Solar PCL (BUD:ASTRASUN) Inventory Turnover : 1.49 (As of Dec. 2023)


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What is Astrasun Solar PCL 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. Astrasun Solar PCL's Cost of Goods Sold for the six months ended in Dec. 2023 was Ft177 Mil. Astrasun Solar PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was Ft118 Mil. Astrasun Solar PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Astrasun Solar PCL's Days Inventory for the six months ended in Dec. 2023 was 122.10.

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. Astrasun Solar PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Astrasun Solar PCL Inventory Turnover Historical Data

The historical data trend for Astrasun Solar PCL'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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Astrasun Solar PCL Inventory Turnover Chart

Astrasun Solar PCL Annual Data
Trend Dec22 Dec23
Inventory Turnover
3.28 3.57

Astrasun Solar PCL Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Inventory Turnover - 1.55 1.58 1.49

Astrasun Solar PCL Inventory Turnover Calculation

Astrasun Solar PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=362.01 / ((99.935 + 103.108) / 2 )
=362.01 / 101.5215
=3.57

Astrasun Solar PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=177.004 / ((133.738 + 103.108) / 2 )
=177.004 / 118.423
=1.49

* 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.

Astrasun Solar PCL  (BUD:ASTRASUN) 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.

Astrasun Solar PCL's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=118.423/177.004*365 / 2
=122.10

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.

Astrasun Solar PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=118.423 / 622.053
=0.19

* 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.

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.

Astrasun Solar PCL Inventory Turnover Related Terms

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Astrasun Solar PCL (BUD:ASTRASUN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Astrasun Solar PCL (BUD:ASTRASUN) » Definitions » Inventory Turnover
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Traded in Other Exchanges
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Address
Kossuth Lajos Strreet 103, Csomad, HUN, H-2161
Website
https://www.astrasun.solar
Astrasun Solar PCL plays key role in the Hungarian renewable energy market. Astrasun is a solar power plant project developer Company, and invests in green energy.

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