Erayak Power Solution Group (Erayak Power Solution Group) Change In Inventory : $-1.09 Mil (TTM As of Dec. 2023)

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What is Erayak Power Solution Group Change In Inventory?

Erayak Power Solution Group's change in inventory for the quarter that ended in Dec. 2023 was $-0.04 Mil. It means Erayak Power Solution Group's inventory increased by $0.04 Mil from Jun. 2023 to Dec. 2023 .

Erayak Power Solution Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-1.09 Mil. It means Erayak Power Solution Group's inventory increased by $1.09 Mil from Dec. 2022 to Dec. 2023 .

Erayak Power Solution Group's Total Inventories for the quarter that ended in Dec. 2023 was $7.06 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Erayak Power Solution Group's Days Inventory for the quarter that ended in Dec. 2023 was 146.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Erayak Power Solution Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.25.

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. Erayak Power Solution Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

Erayak Power Solution Group Change In Inventory Historical Data

The historical data trend for Erayak Power Solution Group's Change In 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.

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Erayak Power Solution Group Change In Inventory Chart

Erayak Power Solution Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.43

-0.33

-2.20

-2.66

-1.09

Erayak Power Solution Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial				-0.91	-0.22	-2.43	-1.06	-0.04

Erayak Power Solution Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.09 Mil.

Erayak Power Solution Group (NAS:RAYA) Change In Inventory Explanation

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

Erayak Power Solution Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.9535	/	8.68	*	365 / 2
	=	146.20

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

Erayak Power Solution Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.68	/	6.9535
	=	1.25

3. 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.

Erayak Power Solution Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.9535	/	10.873
	=	0.64

Erayak Power Solution Group Change In Inventory Related Terms

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Erayak Power Solution Group (Erayak Power Solution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Erayak Power Solution Group Inc (NAS:RAYA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 528, 4th Avenue, Binhai Industrial Park, Zhejiang Province, Wenzhou, CHN, 325025

Website

https://www.erayakpower.com

Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators.