Energy Solar Tech (XMAD:ETC) Inventory Turnover : 20.95 (As of Dec. 2021)

View and export this data going back to 2022. Start your Free Trial

What is Energy Solar Tech 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. Energy Solar Tech's Cost of Goods Sold for the six months ended in Dec. 2021 was €3.16 Mil. Energy Solar Tech's Average Total Inventories for the quarter that ended in Dec. 2021 was €0.15 Mil. Energy Solar Tech's Inventory Turnover for the quarter that ended in Dec. 2021 was 20.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Energy Solar Tech's Days Inventory for the six months ended in Dec. 2021 was 8.71.

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. Energy Solar Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.04.

Energy Solar Tech Inventory Turnover Historical Data

The historical data trend for Energy Solar Tech'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.

* Premium members only.

Energy Solar Tech Inventory Turnover Chart

Energy Solar Tech Annual Data

Trend

Dec20

Dec21

Inventory Turnover

20.95

Energy Solar Tech Semi-Annual Data
	Dec20	Dec21
Inventory Turnover	-	20.95

Energy Solar Tech Inventory Turnover Calculation

Energy Solar Tech's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	3.164	/ (	(0	+	0.151)	/	1 )
=	3.164	/	0.151
=	20.95

Energy Solar Tech's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	3.164	/ (	(0	+	0.151)	/	1 )
=	3.164	/	0.151
=	20.95

Energy Solar Tech (XMAD:ETC) 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.

Energy Solar Tech's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.151	/	3.164	*	365 / 2
	=	8.71

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.

Energy Solar Tech's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.151	/	4.232
	=	0.04

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.

Energy Solar Tech Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Energy Solar Tech's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Energy Solar Tech (XMAD:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Solar Tech SA (XMAD:ETC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DH4:Germany

Address

C/ Ruso, 18, Las Rozas de Madrid, Madrid, ESP, 28290

Website

https://www.energysolartech.com

Energy Solar Tech SA is a technology company in the energy sector whose mission is to facilitate the migration of companies to renewable energies, The company offers its clients energy generation and efficiency technologies through its offer of energy Outsourcing services under the Energy As A Service model.

Energy Solar Tech (XMAD:ETC) Headlines

No Headlines