Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Inventory Turnover: 0.56 (As of Mar. 2026)

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SHSE:688717 Solax Power Network Technology (Zhejiang) Co Ltd SHSE:688717
48 GF Score
Price ¥59.03
! 5 Warning Signs
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What is Solax Power Network Technology (Zhejiang) Co Inventory Turnover?

Solax Power Network Technology (Zhejiang) Co SHSE:688717 +2.32% 48 Inventory Turnover is 0.56 as of Mar. 2026. GuruFocus rates SHSE:688717 with a GF Score™ of 48/100. The stock has 5 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. Solax Power Network Technology (Zhejiang) Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥974 Mil. Solax Power Network Technology (Zhejiang) Co's Average Total Inventories for the quarter that ended in Mar. 2026 was ¥1,737 Mil. Solax Power Network Technology (Zhejiang) Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solax Power Network Technology (Zhejiang) Co's Days Inventory for the three months ended in Mar. 2026 was 162.68.

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. Solax Power Network Technology (Zhejiang) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.19.

Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) 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.

Solax Power Network Technology (Zhejiang) Co'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
=1736.743/974.165*365 / 4
=162.68

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.

Solax Power Network Technology (Zhejiang) Co'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 )
=1736.743 / 1453.37
=1.19

* 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.

Solax Power Network Technology (Zhejiang) Co Inventory Turnover Related Terms

Solax Power Network Technology (Zhejiang) Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Solax Power Network Technology (Zhejiang) Co'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.

Solax Power Network Technology (Zhejiang) Co Inventory Turnover Chart

Solax Power Network Technology (Zhejiang) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial 0.00 3.28 2.35 1.84 2.25

Solax Power Network Technology (Zhejiang) Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.53 0.52 0.56 0.48 0.56
SHSE:688717
48GF Score
Solax Power Network Technology (Zhejiang) Co Ltd SHSE:688717
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Solax Power Network Technology (Zhejiang) Co Inventory Turnover Calculation

Solax Power Network Technology (Zhejiang) Co'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 )
=2777.372 / ((1035.712 + 1430.397) / 2 )
=2777.372 / 1233.0545
=2.25

Solax Power Network Technology (Zhejiang) Co'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 )
=974.165 / ((1430.397 + 2043.089) / 2 )
=974.165 / 1736.743
=0.56

* 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 0.56 mean?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a Inventory Turnover of 0.56 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Solax Power Network Technology (Zhejiang) Co and its competitors.
Is Solax Power Network Technology (Zhejiang) Co's Inventory Turnover too high?
Solax Power Network Technology (Zhejiang) Co's current Inventory Turnover is 0.56. Overall, Solax Power Network Technology (Zhejiang) Co has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Solax Power Network Technology (Zhejiang) Co's Inventory Turnover compare to FSLR and NXT?
Solax Power Network Technology (Zhejiang) Co's Inventory Turnover of 0.56 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 Solax Power Network Technology (Zhejiang) Co and its competitors. Solax Power Network Technology (Zhejiang) Co's current Inventory Turnover is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solax Power Network Technology (Zhejiang) Co stock overvalued right now?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a current Inventory Turnover of 0.56. The current Inventory Turnover is 0.56. Solax Power Network Technology (Zhejiang) Co's overall GF Score™ is 48/100 with 5 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 Solax Power Network Technology (Zhejiang) Co (SHSE:688717), the current Inventory Turnover is 0.56 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.

Solax Power Network Technology (Zhejiang) Co Business Description

Address No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063
Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.
48GF Score

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

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