TSPG (TGI Solar Power Group) Inventory Turnover : 0.00 (As of Jul. 2023)

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What is TGI Solar Power Group 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. TGI Solar Power Group's Cost of Goods Sold for the six months ended in Jul. 2023 was $0.00 Mil. TGI Solar Power Group's Average Total Inventories for the quarter that ended in Jul. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. TGI Solar Power Group's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.00.

TGI Solar Power Group Inventory Turnover Historical Data

The historical data trend for TGI Solar Power 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.

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TGI Solar Power Group Inventory Turnover Chart

TGI Solar Power Group Annual Data

Trend

Jul15

Jul16

Jul17

Jul22

Jul23

Inventory Turnover

TGI Solar Power Group Semi-Annual Data
	Jul15	Jul16	Jul17	Jul22	Jul23
Inventory Turnover	-	-	-	-	-

TGI Solar Power Group Inventory Turnover Calculation

TGI Solar Power Group's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

TGI Solar Power Group's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

	Inventory Turnover (Q: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2023 )	/ (	(Total Inventories (Q: Jul. 2022 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

TGI Solar Power Group (OTCPK:TSPG) 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.

TGI Solar Power Group's Days Inventory for the six months ended in Jul. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

TGI Solar Power Group's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	0	/	0.023
	=	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.

TGI Solar Power Group Inventory Turnover Related Terms

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TGI Solar Power Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TGI Solar Power Group Inc (OTCPK:TSPG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1801 North East 123rd Street, North Miami, FL, USA, 33181

Website

https://www.tgipower.com

TGI Solar Power Group Inc offers its products and services to clients on a world-wide basis and maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's plans to acquire new-patented technologies, components, processes, designs and methods with commercial value to generate shareholder value.

Executives

R Paul Gray	director, 10 percent owner, officer: Executive VP of Business Dev.	C/O UNITED THERAPEUTICS CORP, 1110 SPRING STREET, SILVER SPRINGS MD 20910
David A Dedman	director	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Neil Booth Strodel	director	6 TEASEL LANE, SKANEATELES NY 13152
Wisneski John Thomas Jr	director	2706 CLEARVIEW ROAD, ALLISON PARK PA 15101
Matthew Freeman Taylor	director, other: Self	839 SOUTHRIDGE GREENS BLVD, FORT COLLINS CO 80525
Sequence Holdings Llc	10 percent owner	192 EAST BAY STREET, SUITE 300, CHARLESTON SC 29401
Linda Joy Putnam	officer: Vice President and CFO	141 HERNDON MILL CIRCLE, HERNDON VA 20170
Core Concepts, Llc	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147
Timothy S Novak	director, 10 percent owner, other: * See Remarks	8374 MARKET ST, STE 439, BRADENTON FL 34202
Tenthgate, Inc.	10 percent owner	44050 ASHBURN PLAZA, SUITE 195, ASHBURN VA 20147