SMA Solar Technology AG (XTER:S92) Inventory Turnover : 0.44 (As of Mar. 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 Mar. 2024 was €267 Mil. SMA Solar Technology AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €612 Mil. SMA Solar Technology AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

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 Mar. 2024 was 209.34.

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 Mar. 2024 was 1.69.

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
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.71	0.81	0.77	0.44

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 Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	266.945	/ (	(539.266	+	685.523)	/	2 )
=	266.945	/	612.3945
=	0.44

SMA Solar Technology AG (XTER: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 Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	612.3945	/	266.945	*	365 / 4
	=	209.34

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	612.3945	/	361.775
	=	1.69

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 (XTER:S92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (XTER:S92) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SMTGY:USA SMTGF:USA 1S:Italy S92d:UK 0NIF:UK S92:Austria

Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

Executives

Dr. Jürgen Reinert	Board of Directors
Uwe Kleinkauf	Supervisory Board
Barbara Gregor	Board of Directors

SMA Solar Technology AG (XTER:S92) Headlines

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