Solar Alliance Energy (TSXV:SOLR) Inventory Turnover : 3.61 (As of Sep. 2024)

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What is Solar Alliance Energy 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 Alliance Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.51 Mil. Solar Alliance Energy's Average Total Inventories for the quarter that ended in Sep. 2024 was C$0.14 Mil. Solar Alliance Energy's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solar Alliance Energy's Days Inventory for the three months ended in Sep. 2024 was 25.25.

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 Alliance Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.15.

Solar Alliance Energy Inventory Turnover Historical Data

The historical data trend for Solar Alliance Energy'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 Alliance Energy Inventory Turnover Chart

Solar Alliance Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.19

8.94

28.59

38.35

47.05

Solar Alliance Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															11.19	35.32	8.53	3.63	3.61

Solar Alliance Energy Inventory Turnover Calculation

Solar Alliance Energy'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 )
=	6.399	/ (	(0.17	+	0.102)	/	2 )
=	6.399	/	0.136
=	47.05

Solar Alliance Energy's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.506	/ (	(0.141	+	0.139)	/	2 )
=	0.506	/	0.14
=	3.61

Solar Alliance Energy (TSXV:SOLR) 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 Alliance Energy's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.14	/	0.506	*	365 / 4
	=	25.25

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 Alliance Energy's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.14	/	0.945
	=	0.15

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 Alliance Energy Inventory Turnover Related Terms

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Solar Alliance Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Alliance Energy Inc (TSXV:SOLR) » Definitions » Inventory Turnover

Traded in Other Exchanges

SAENF:USA

Address

1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

https://www.solaralliance.com

Solar Alliance Energy Inc is an energy solutions provider focused on commercial, industrial, and residential solar installations. Its operating segments are Solar EPC and Solar generation from solar facilities. The company operates in two geographical markets - the United States and Canada. The United States contributes a majority of the total revenue.

Executives

Michael Clark	Director, Senior Officer
Monique Hutchins	Senior Officer
Ken Stadlin	Director
Anton Shihoff	Director
Jason Bak	Director, Senior Officer
Tom Anderson	10% Security Holder