Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Days Inventory : 219.28 (As of Mar. 2024)

Solax Power Network Technology (Zhejiang) Co Days Inventory Chart

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial							100.57	136.76	314.05	294.71	219.28

Competitive Comparison of Solax Power Network Technology (Zhejiang) Co's Days Inventory

For the Solar subindustry, Solax Power Network Technology (Zhejiang) Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Solax Power Network Technology (Zhejiang) Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solax Power Network Technology (Zhejiang) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Solax Power Network Technology (Zhejiang) Co's Days Inventory falls into.

Solax Power Network Technology (Zhejiang) Co Days Inventory Calculation

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

Solax Power Network Technology (Zhejiang) Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Solax Power Network Technology (Zhejiang) Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

* 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.

Solax Power Network Technology (Zhejiang) Co  (SHSE:688717) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Solax Power Network Technology (Zhejiang) Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Solax Power Network Technology (Zhejiang) Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Solax Power Network Technology (Zhejiang) Co Days Inventory Related Terms

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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description