Canadian Solar (MEX:CSIQN) Inventory Turnover: 0.61 (As of Mar. 2026)

What is Canadian Solar Inventory Turnover?

Canadian Solar MEX:CSIQN 70 Inventory Turnover is 0.61 as of Mar. 2026. GuruFocus rates MEX:CSIQN with a GF Score™ of 70/100 and a GF Value™ of MXN260.83 (Fairly Valued). The stock has 9 warning signs investors should review.

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. Canadian Solar's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN14,553 Mil. Canadian Solar's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN23,903 Mil. Canadian Solar's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canadian Solar's Days Inventory for the three months ended in Mar. 2026 was 149.87.

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. Canadian Solar's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.23.

Canadian Solar (MEX:CSIQN) 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.

Canadian Solar's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	23902.8195	/	14553.435	*	365 / 4
	=	149.87

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.

Canadian Solar's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	23902.8195	/	19437.051
	=	1.23

* 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.

Canadian Solar Inventory Turnover Related Terms

Canadian Solar Inventory Turnover Historical Data

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The historical data trend for Canadian Solar's Inventory Turnover can be seen below:

Canadian Solar Inventory Turnover Chart

Canadian Solar Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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4.68

4.47

4.32

4.61

3.61

Canadian Solar Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.83	0.98	0.91	0.61

70GF Score

Canadian Solar Inc MEX:CSIQN

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Canadian Solar Inventory Turnover Calculation

Canadian Solar's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	82265.901	/ (	(25164.383	+	20410.163)	/	2 )
=	82265.901	/	22787.273
=	3.61

Canadian Solar's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	14553.435	/ (	(20410.163	+	27395.476)	/	2 )
=	14553.435	/	23902.8195
=	0.61

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.61 mean?

Canadian Solar (MEX:CSIQN) has a Inventory Turnover of 0.61 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canadian Solar and its competitors.

Is Canadian Solar's Inventory Turnover too high?

Canadian Solar's current Inventory Turnover is 0.61. Overall, Canadian Solar has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Canadian Solar's Inventory Turnover compare to JKS and ARRY?

Canadian Solar's Inventory Turnover of 0.61 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Semiconductors company?

A good Inventory Turnover depends on the Semiconductors industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canadian Solar and its competitors. Canadian Solar's current Inventory Turnover is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canadian Solar stock overvalued right now?

Based on GuruFocus' analysis, Canadian Solar (MEX:CSIQN) is currently considered Fairly Valued. The stock's GF Value™ is MXN260.83, compared to a current price of MXN276.50 — trading 6% above its estimated fair value. The current Inventory Turnover is 0.61. Canadian Solar's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Canadian Solar (MEX:CSIQN), the current Inventory Turnover is 0.61 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Solar (MEX:CSIQN) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Solar stock appears to be overvalued. The current stock price of MXN276.50 is trading 6% above its estimated GF Value™ of MXN260.83. GuruFocus considers Canadian Solar to be Fairly Valued.

Key valuation signals for MEX:CSIQN:

Inventory Turnover: 0.61
GF Value™: MXN260.83 vs. price of MXN276.50 (6% above fair value)
GF Score™: 70/100 with 9 warning signs

No single metric tells the full story. See the MEX:CSIQN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Canadian Solar Business Description

Industry Technology Semiconductors

Comparable Companies JKS ARRY TOYO SHLS TYGO SPWR HYSR FTCI ASTI PN FSLR NXT SHSE:600438 NSE:WAAREEENER ENPH SHSE:688223 SHSE:688472 SZSE:002056 SHSE:688599 NSE:PREMIERENE

Other Exchanges CSIQ:USA L5A:Germany

Address 4273 King Street East, Suite 102, Kitchener, ON, CAN, N2P 2E9

Website https://www.canadiansolar.com

Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.

70GF Score

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