Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Inventory Turnover : 0.42 (As of Mar. 2024)

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What is Solax Power Network Technology (Zhejiang) Co 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. Solax Power Network Technology (Zhejiang) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥410 Mil. Solax Power Network Technology (Zhejiang) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥986 Mil. Solax Power Network Technology (Zhejiang) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

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. 2024 was 219.28.

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. 2024 was 1.44.

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

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.

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Solax Power Network Technology (Zhejiang) Co Inventory Turnover Chart

Solax Power Network Technology (Zhejiang) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.46

1.52

3.28

2.30

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							0.91	0.67	0.29	0.31	0.42

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. 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 )
=	2688.281	/ (	(1303.184	+	1033.303)	/	2 )
=	2688.281	/	1168.2435
=	2.30

Solax Power Network Technology (Zhejiang) Co'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	410.214	/ (	(1033.303	+	938.259)	/	2 )
=	410.214	/	985.781
=	0.42

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. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	985.781	/	410.214	*	365 / 4
	=	219.28

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. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	985.781	/	684.282
	=	1.44

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

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

https://www.solaxpower.com.cn

Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

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