Solex Energy (NSE:SMSOLEX) Inventory Turnover : 3.45 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Solex Energy 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. Solex Energy's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹2,359 Mil. Solex Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹683 Mil. Solex Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solex Energy's Days Inventory for the six months ended in Mar. 2024 was 52.87.

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. Solex Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Solex Energy Inventory Turnover Historical Data

The historical data trend for Solex Energy'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.

* Premium members only.

Solex Energy Inventory Turnover Chart

Solex Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

23.25

11.03

5.90

5.94

6.16

Solex Energy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												3.49	0.51	3.75	1.23	3.45

Solex Energy Inventory Turnover Calculation

Solex Energy'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 )
=	2979.444	/ (	(303.807	+	663.859)	/	2 )
=	2979.444	/	483.833
=	6.16

Solex Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2358.534	/ (	(702.575	+	663.859)	/	2 )
=	2358.534	/	683.217
=	3.45

Solex Energy (NSE:SMSOLEX) 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.

Solex Energy's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	683.217	/	2358.534	*	365 / 2
	=	52.87

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.

Solex Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	683.217	/	2728.851
	=	0.25

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.

Solex Energy Inventory Turnover Related Terms

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

Solex Energy (NSE:SMSOLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solex Energy Ltd (NSE:SMSOLEX) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009

Website

https://www.solex.in

Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

Solex Energy (NSE:SMSOLEX) Headlines

No Headlines