SHLS (Shoals Technologies Group) Total Inventories : $65.9 Mil (As of Sep. 2024)

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What is Shoals Technologies Group Total Inventories?

Shoals Technologies Group's total inventories for the quarter that ended in Sep. 2024 was $65.9 Mil. Shoals Technologies Group's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $62.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shoals Technologies Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shoals Technologies Group's Days Inventory for the three months ended in Sep. 2024 was 74.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shoals Technologies Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.22.

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. Shoals Technologies Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.62.

Shoals Technologies Group Total Inventories Historical Data

The historical data trend for Shoals Technologies Group's Total Inventories 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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Shoals Technologies Group Total Inventories Chart

Shoals Technologies Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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8.83

15.12

38.37

72.85

52.80

Shoals Technologies Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															60.96	52.80	59.57	60.01	65.85

Shoals Technologies Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Shoals Technologies Group (NAS:SHLS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Shoals Technologies Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.106	+	0.75 * 95.301	+	0.5 * 65.854	-	256.105
-	0	-	0)	/	166.696
=	-0.84

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

Shoals Technologies Group'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
	=	62.93	/	76.789	*	365 / 4
	=	74.78

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shoals Technologies Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	76.789	/	62.93
	=	1.22

4. 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.

Shoals Technologies Group'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 )
	=	62.93	/	102.165
	=	0.62

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Shoals Technologies Group Total Inventories Related Terms

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Shoals Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shoals Technologies Group Inc (NAS:SHLS) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

1400 Shoals Way, Portland, TN, USA, 37148

Website

https://www.shoals.com

Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.

Executives

Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Brandon Moss	officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jeffery Tolnar	officer: President	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Mehgan Peetz	officer: General Counsel	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jason R Whitaker	director, officer: Chief Executive Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Dean Solon	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Jeannette M Mills	director	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Robert K. Julian	director	C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047
Philip A Garton	officer: Chief Financial Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
White John Joseph Jr	officer: Chief Operating Officer	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Lori S Sundberg	director	400 NORTH FIFTH STREET, PHOENIX AZ 85004
Ty P. Daul	director	77 RIO ROBLES, SAN JOSE CA 95134
Toni Volpe	director	C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148
Solon Holdco Iii, Llc	10 percent owner	1400 SHOALS WAY, PORTLAND TN 37148