REC Silicon ASA (REC Silicon ASA) Inventory Turnover : 0.16 (As of Dec. 2023)

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What is REC Silicon ASA 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. REC Silicon ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.7 Mil. REC Silicon ASA's Average Total Inventories for the quarter that ended in Dec. 2023 was $54.0 Mil. REC Silicon ASA's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REC Silicon ASA's Days Inventory for the three months ended in Dec. 2023 was 565.85.

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. REC Silicon ASA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.33.

REC Silicon ASA Inventory Turnover Historical Data

The historical data trend for REC Silicon ASA'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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REC Silicon ASA Inventory Turnover Chart

REC Silicon ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.73

0.46

0.69

0.86

0.36

REC Silicon ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.12	0.07	0.05	0.08	0.16

REC Silicon ASA Inventory Turnover Calculation

REC Silicon ASA'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 )
=	17.5	/ (	(38.3	+	58.5)	/	2 )
=	17.5	/	48.4
=	0.36

REC Silicon ASA'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8.7	/ (	(49.4	+	58.5)	/	2 )
=	8.7	/	53.95
=	0.16

REC Silicon ASA (OTCPK:RNWEF) 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.

REC Silicon ASA's Days Inventory for the three 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
	=	53.95	/	8.7	*	365 / 4
	=	565.85

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.

REC Silicon ASA'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 )
	=	53.95	/	40.5
	=	1.33

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.

REC Silicon ASA Inventory Turnover Related Terms

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REC Silicon ASA (REC Silicon ASA) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » REC Silicon ASA (OTCPK:RNWEF) » Definitions » Inventory Turnover

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RNWEY:USA RECo:Sweden RECSI:Norway R3Q:Germany

Address

Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324

Website

https://www.recsilicon.com

REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

REC Silicon ASA (REC Silicon ASA) Headlines

From GuruFocus

Q4 2023 REC Silicon ASA Earnings Call Transcript

By GuruFocus Research • 02-10-2024