SMA Solar Technology AG (WBO:S92) Inventory Turnover : 0.33 (As of Sep. 2024)

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What is SMA Solar Technology AG 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. SMA Solar Technology AG's Cost of Goods Sold for the three months ended in Sep. 2024 was €237 Mil. SMA Solar Technology AG's Average Total Inventories for the quarter that ended in Sep. 2024 was €724 Mil. SMA Solar Technology AG's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMA Solar Technology AG's Days Inventory for the three months ended in Sep. 2024 was 278.76.

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. SMA Solar Technology AG's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.41.

SMA Solar Technology AG Inventory Turnover Historical Data

The historical data trend for SMA Solar Technology AG'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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SMA Solar Technology AG Inventory Turnover Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.35

3.43

3.30

3.13

3.23

SMA Solar Technology AG 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															0.81	0.77	0.44	0.42	0.33

SMA Solar Technology AG Inventory Turnover Calculation

SMA Solar Technology AG'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 )
=	1344.715	/ (	(292.156	+	539.266)	/	2 )
=	1344.715	/	415.711
=	3.23

SMA Solar Technology AG'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 )
=	237.148	/ (	(703.382	+	745.535)	/	2 )
=	237.148	/	724.4585
=	0.33

SMA Solar Technology AG (WBO:S92) 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.

SMA Solar Technology AG'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
	=	724.4585	/	237.148	*	365 / 4
	=	278.76

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.

SMA Solar Technology AG'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 )
	=	724.4585	/	300.371
	=	2.41

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.

SMA Solar Technology AG Inventory Turnover Related Terms

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SMA Solar Technology AG Business Description

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Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments; Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems and solutions for industrial solar, storage and hydrogen projects as well as for the conversion of utility grids to a higher proportion of renewable energy.

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