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SMA Solar Technology AG (XTER:S92) Total Inventories : €686 Mil (As of Mar. 2024)


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What is SMA Solar Technology AG Total Inventories?

SMA Solar Technology AG's total inventories for the quarter that ended in Mar. 2024 was €686 Mil. SMA Solar Technology AG's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €612 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SMA Solar Technology AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-5.87.

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 Turnover measures how fast the company turns over its inventory within a year. SMA Solar Technology AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

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 Total Inventories Historical Data

The historical data trend for SMA Solar Technology AG'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.

* Premium members only.

SMA Solar Technology AG Total Inventories Chart

SMA Solar Technology AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 257.53 244.45 246.11 292.16 539.27

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 376.76 441.01 527.93 539.27 685.52

SMA Solar Technology AG 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.


SMA Solar Technology AG  (XTER:S92) 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.

SMA Solar Technology AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(226.365+0.75 * 224.341+0.5 * 685.523-941.056
-0-0)/34.7
=-5.87

2. 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

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

SMA Solar Technology AG's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=266.945 / 612.3945
=0.44

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.

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

* 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

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.


SMA Solar Technology AG Total Inventories Related Terms

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SMA Solar Technology AG (XTER:S92) Business Description

Address
Sonnenallee 1, Niestetal, DEU, 34266
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

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