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

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What is Solar Integrated Roofing 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. 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 Inventory Turnover Historical Data

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.

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Solar Integrated Roofing Inventory Turnover Chart

Solar Integrated Roofing Annual Data

Trend

Feb08

Feb09

Inventory Turnover

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											-	-	-	-	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

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

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

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Solar Integrated Roofing (Solar Integrated Roofing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Integrated Roofing Corp (OTCPK:SIRC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2831 St. Rose Pkwy, Suite 200, Henderson, NV, USA, 89052

Website

https://www.solarintegratedroofingcorp.com

Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.

Executives

Richard G Stifel	officer: CFO/Secretary	6501 E. GREENWAY PKWY, SUITE 103-412, SCOTTSDALE AZ 85254
Timothy Barritt	director, officer: CEO/President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Raymond Murphy	director, officer: COO/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Richard Stockdale	director, officer: Treasurer/Vice President	201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718