Stardust Solar Energy (TSXV:SUN) Inventory Turnover : 117.33 (As of Jun. 2024)

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What is Stardust Solar 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. Stardust Solar Energy's Cost of Goods Sold for the three months ended in Jun. 2024 was C$1.41 Mil. Stardust Solar Energy's Average Total Inventories for the quarter that ended in Jun. 2024 was C$0.01 Mil. Stardust Solar Energy's Inventory Turnover for the quarter that ended in Jun. 2024 was 117.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stardust Solar Energy's Days Inventory for the three months ended in Jun. 2024 was 0.78.

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. Stardust Solar Energy's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Stardust Solar Energy Inventory Turnover Historical Data

The historical data trend for Stardust Solar 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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Stardust Solar Energy Inventory Turnover Chart

Stardust Solar Energy Annual Data

Trend

Inventory Turnover

Stardust Solar Energy Quarterly Data
	Jun23	Jun24
Inventory Turnover	-	117.33

Stardust Solar Energy Inventory Turnover Calculation

Stardust Solar Energy's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

	Inventory Turnover (A: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: . 20 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

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

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1.408	/ (	(0	+	0.012)	/	1 )
=	1.408	/	0.012
=	117.33

Stardust Solar Energy (TSXV:SUN) 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.

Stardust Solar Energy's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.012	/	1.408	*	365 / 4
	=	0.78

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.

Stardust Solar Energy's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.012	/	1.95
	=	0.01

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.

Stardust Solar Energy Inventory Turnover Related Terms

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Stardust Solar Energy Business Description

Industry

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Traded in Other Exchanges

6330:Germany

Address

B101 – 9000 Bill Fox Way, Burnaby, BC, CAN, V5J 5J3

Website

https://www.stardustsolar.com

Stardust Solar Energy Inc is a franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. It lends its brand and business management services to entrepreneurs looking to enter the industry of renewable energies. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, the company supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, the company supports its franchisees with many services including marketing, sales, engineering, plan sets, customer service, and project management.

Executives

Mark Tadros

10% Security Holder, Director, Senior Officer