Soltec Power Holdings (XMAD:SOL) Days Inventory : 58.46 (As of Jun. 2023)

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What is Soltec Power Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Soltec Power Holdings's Average Total Inventories for the six months ended in Jun. 2023 was €34.8 Mil. Soltec Power Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was €108.7 Mil. Hence, Soltec Power Holdings's Days Inventory for the six months ended in Jun. 2023 was 58.46.

The historical rank and industry rank for Soltec Power Holdings's Days Inventory or its related term are showing as below:

XMAD:SOL' s Days Inventory Range Over the Past 10 Years
Min: 35.91 Med: 49.48 Max: 69.86
Current: 53.15

During the past 4 years, Soltec Power Holdings's highest Days Inventory was 69.86. The lowest was 35.91. And the median was 49.48.

XMAD:SOL's Days Inventory is ranked better than
82.27% of 942 companies
in the Semiconductors industry
Industry Median: 130.195 vs XMAD:SOL: 53.15

Soltec Power Holdings's Days Inventory declined from Jun. 2022 (76.67) to Jun. 2023 (58.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Soltec Power Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 3.12.

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. Soltec Power Holdings's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.19.

Soltec Power Holdings Days Inventory Historical Data

The historical data trend for Soltec Power Holdings's Days Inventory 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.

* Premium members only.

Soltec Power Holdings Days Inventory Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

35.91

45.25

69.86

53.70

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			74.76	58.44	76.67	44.38	58.46

Competitive Comparison of Soltec Power Holdings's Days Inventory

For the Solar subindustry, Soltec Power Holdings'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.

Soltec Power Holdings's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Soltec Power Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Soltec Power Holdings's Days Inventory falls into.

Soltec Power Holdings Days Inventory Calculation

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

Soltec Power Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (65.588	+	31.169)	/	2 )	/	328.802	*	365
=	48.3785					/	328.802	*	365
=	53.70

Soltec Power Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (31.169	+	38.446)	/	2 )	/	108.664	*	365 / 2
=	34.8075					/	108.664	*	365 / 2
=	58.46

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	108.664	/	34.8075
	=	3.12

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.

Soltec Power Holdings's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.8075	/	184.513
	=	0.19

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.

Soltec Power Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Soltec Power Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.