Solution Financial (TSX:SFI) Inventory Turnover : 3.89 (As of Jul. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Solution Financial 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. Solution Financial's Cost of Goods Sold for the three months ended in Jul. 2024 was C$3.41 Mil. Solution Financial's Average Total Inventories for the quarter that ended in Jul. 2024 was C$0.88 Mil. Solution Financial's Inventory Turnover for the quarter that ended in Jul. 2024 was 3.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solution Financial's Days Inventory for the three months ended in Jul. 2024 was 23.48.

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. Solution Financial's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.19.

Solution Financial Inventory Turnover Historical Data

The historical data trend for Solution Financial'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.

* Premium members only.

Solution Financial Inventory Turnover Chart

Solution Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

Get a 7-Day Free Trial

7.85

14.18

32.41

34.22

23.77

Solution Financial Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															2.56	4.14	3.53	1.74	3.89

Solution Financial Inventory Turnover Calculation

Solution Financial's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	11.456	/ (	(0.473	+	0.491)	/	2 )
=	11.456	/	0.482
=	23.77

Solution Financial's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	3.407	/ (	(1.041	+	0.712)	/	2 )
=	3.407	/	0.8765
=	3.89

Solution Financial (TSX:SFI) 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.

Solution Financial's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	0.8765	/	3.407	*	365 / 4
	=	23.48

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.

Solution Financial's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	0.8765	/	4.518
	=	0.19

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.

Solution Financial Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Solution Financial's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Solution Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

8680 Cambie Road, Unit 137, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc engages in retail sales, leases, and financing for high end automotive vehicles, boats, and commercial equipment. The company generates majority of its revenue from sale of vehicles.

Executives

Bryan Pang	10% Security Holder, Director, Senior Officer
John Randall Smyth	Director
Sean Hodgins	Director, Senior Officer
Kerry Don Meier	Director
Vincent Ka Ho Lau	Director, Senior Officer

Solution Financial Headlines

No Headlines