SIRC (Solar Integrated Roofing) Inventory Turnover: 285.24 (As of Sep. 2022)


What is Solar Integrated Roofing Inventory Turnover?

Solar Integrated Roofing SIRC -99.00% Inventory Turnover is 285.24 as of Sep. 2022.

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. Solar Integrated Roofing's Cost of Goods Sold for the three months ended in Sep. 2022 was $43.07 Mil. Solar Integrated Roofing's Average Total Inventories for the quarter that ended in Sep. 2022 was $0.15 Mil. Solar Integrated Roofing's Inventory Turnover for the quarter that ended in Sep. 2022 was 285.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solar Integrated Roofing's Days Inventory for the three months ended in Sep. 2022 was 0.32.

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. Solar Integrated Roofing's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.00.

Solar Integrated Roofing  (OTCPK:SIRC) 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.

Solar Integrated Roofing's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2022 )/Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=0.151/43.071*365 / 4
=0.32

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.

Solar Integrated Roofing's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=0.151 / 57.267
=0.00

* 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.

Solar Integrated Roofing Inventory Turnover Related Terms

Solar Integrated Roofing Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Solar Integrated Roofing'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.

Solar Integrated Roofing Inventory Turnover Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Inventory Turnover
0.00 0.00

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 0.00 0.00 0.00 0.00 285.24

Solar Integrated Roofing Inventory Turnover Calculation

Solar Integrated Roofing's Inventory Turnover for the fiscal year that ended in Feb. 2009 is calculated as

Inventory Turnover (A: Feb. 2009 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2009 ) / ((Total Inventories (A: Feb. 2008 ) + Total Inventories (A: Feb. 2009 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Solar Integrated Roofing's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover (Q: Sep. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2022 ) / ((Total Inventories (Q: Sep. 2021 ) + Total Inventories (Q: Sep. 2022 )) / count )
=43.071 / ((0 + 0.151) / 1 )
=43.071 / 0.151
=285.24

* 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 285.24 mean?
Solar Integrated Roofing (SIRC) has a Inventory Turnover of 285.24 as of Sep. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Inventory Turnover too high?
Solar Integrated Roofing's current Inventory Turnover is 285.24.
How does Solar Integrated Roofing's Inventory Turnover compare to YGEHY and BSRC?
Solar Integrated Roofing's Inventory Turnover of 285.24 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 Solar Integrated Roofing and its competitors. Solar Integrated Roofing's current Inventory Turnover is 285.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Inventory Turnover of 285.24. The current Inventory Turnover is 285.24. 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 Solar Integrated Roofing (SIRC), the current Inventory Turnover is 285.24 as of Sep. 2022. 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.

Solar Integrated Roofing Business Description

Address 2831 Saint Rose Parkway, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.