Maxeon Solar Technologies (Maxeon Solar Technologies) Days Inventory : 149.20 (As of Sep. 2023)

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What is Maxeon Solar Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Maxeon Solar Technologies's Average Total Inventories for the three months ended in Sep. 2023 was $368 Mil. Maxeon Solar Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was $225 Mil. Hence, Maxeon Solar Technologies's Days Inventory for the three months ended in Sep. 2023 was 149.20.

The historical rank and industry rank for Maxeon Solar Technologies's Days Inventory or its related term are showing as below:

MAXN' s Days Inventory Range Over the Past 10 Years
Min: 59.7 Med: 77.75 Max: 111.4
Current: 111.4

During the past 5 years, Maxeon Solar Technologies's highest Days Inventory was 111.40. The lowest was 59.70. And the median was 77.75.

MAXN's Days Inventory is ranked better than
58.39% of 942 companies
in the Semiconductors industry
Industry Median: 130.435 vs MAXN: 111.40

Maxeon Solar Technologies's Days Inventory increased from Sep. 2022 (91.39) to Sep. 2023 (149.20). It might indicate that Maxeon Solar Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maxeon Solar Technologies's Inventory Turnover for the three months ended in Sep. 2023 was 0.61.

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. Maxeon Solar Technologies's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.62.

Maxeon Solar Technologies Days Inventory Historical Data

The historical data trend for Maxeon Solar Technologies'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.

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Maxeon Solar Technologies Days Inventory Chart

Maxeon Solar Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

59.70

63.49

77.75

85.84

84.99

Maxeon Solar Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															91.39	90.84	106.81	103.97	149.20

Competitive Comparison of Maxeon Solar Technologies's Days Inventory

For the Solar subindustry, Maxeon Solar Technologies'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.

Maxeon Solar Technologies's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxeon Solar Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Maxeon Solar Technologies's Days Inventory falls into.

Maxeon Solar Technologies Days Inventory Calculation

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

Maxeon Solar Technologies'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
=	( (212.82	+	303.23)	/	2 )	/	1108.061	*	365
=	258.025					/	1108.061	*	365
=	84.99

Maxeon Solar Technologies's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (349.336	+	386.14)	/	2 )	/	224.902	*	365 / 4
=	367.738					/	224.902	*	365 / 4
=	149.20

Maxeon Solar Technologies (NAS:MAXN) 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.

Maxeon Solar Technologies's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	224.902	/	367.738
	=	0.61

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.

Maxeon Solar Technologies's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	367.738	/	227.63
	=	1.62

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.

Maxeon Solar Technologies Days Inventory Related Terms

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

Maxeon Solar Technologies (Maxeon Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Maxeon Solar Technologies Ltd (NAS:MAXN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5QJ:Germany

Address

8 Marina Boulevard No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981

Website

https://www.maxeon.com

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.