SHLS (Shoals Technologies Group) Inventory Turnover: 0.66 (As of Jun. 2026)

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SHLS Shoals Technologies Group Inc SHLS
89 GF Score
Price $7.14
GF Value $9.97
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Shoals Technologies Group Inventory Turnover?

Shoals Technologies Group SHLS -3.77% 89 Inventory Turnover is 0.66 as of Jun. 2026. GuruFocus rates SHLS with a GF Score™ of 89/100 and a GF Value™ of $9.97 (Modestly Undervalued). The stock has 6 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. Shoals Technologies Group's Cost of Goods Sold for the three months ended in Jun. 2026 was $113.8 Mil. Shoals Technologies Group's Average Total Inventories for the quarter that ended in Jun. 2026 was $171.9 Mil. Shoals Technologies Group's Inventory Turnover for the quarter that ended in Jun. 2026 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shoals Technologies Group's Days Inventory for the three months ended in Jun. 2026 was 137.75.

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. Shoals Technologies Group's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 1.05.

Shoals Technologies Group  (NAS:SHLS) 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.

Shoals Technologies Group's Days Inventory for the three months ended in Jun. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2026 )/Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=171.8565/113.847*365 / 4
=137.75

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.

Shoals Technologies Group's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=171.8565 / 163.372
=1.05

* 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.

Shoals Technologies Group Inventory Turnover Related Terms

Shoals Technologies Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Shoals Technologies Group'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.

Shoals Technologies Group Inventory Turnover Chart

Shoals Technologies Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial 4.88 3.52 5.10 4.73 4.23

Shoals Technologies Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.18 1.46 1.35 0.80 0.66
SHLS
89GF Score
Shoals Technologies Group Inc SHLS
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Shoals Technologies Group Inventory Turnover Calculation

Shoals Technologies Group'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 )
=308.823 / ((55.977 + 89.878) / 2 )
=308.823 / 72.9275
=4.23

Shoals Technologies Group's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

Inventory Turnover (Q: Jun. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2026 ) / ((Total Inventories (Q: Mar. 2026 ) + Total Inventories (Q: Jun. 2026 )) / count )
=113.847 / ((158.993 + 184.72) / 2 )
=113.847 / 171.8565
=0.66

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.66 mean?
Shoals Technologies Group (SHLS) has a Inventory Turnover of 0.66 as of Jun. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Shoals Technologies Group and its competitors.
Is Shoals Technologies Group's Inventory Turnover too high?
Shoals Technologies Group's current Inventory Turnover is 0.66. Overall, Shoals Technologies Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's Inventory Turnover compare to CSIQ and ARRY?
Shoals Technologies Group's Inventory Turnover of 0.66 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 Shoals Technologies Group and its competitors. Shoals Technologies Group's current Inventory Turnover is 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.97, compared to a current price of $7.14 — trading 28.4% below its estimated fair value. The current Inventory Turnover is 0.66. Shoals Technologies Group's overall GF Score™ is 89/100 with 6 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 Shoals Technologies Group (SHLS), the current Inventory Turnover is 0.66 as of Jun. 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 Shoals Technologies Group (SHLS) Overvalued in 2026?

Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be undervalued. The current stock price of $7.14 is trading 28.4% below its estimated GF Value™ of $9.97. GuruFocus considers Shoals Technologies Group to be Modestly Undervalued.

Key valuation signals for SHLS:

  • Inventory Turnover: 0.66
  • GF Value™: $9.97 vs. price of $7.14 (28.4% below fair value)
  • GF Score™: 89/100 with 6 warning signs

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

Shoals Technologies Group Business Description

Address 1400 Shoals Way, Portland, TN, USA, 37148
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
89GF Score

Get the complete analysis for SHLS

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.14
Price
$9.97
GF Value