Solex Energy (NSE:SMSOLEX) Days Inventory : 147.90 (As of Sep. 2023)

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What is Solex Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solex Energy's Average Total Inventories for the six months ended in Sep. 2023 was ₹503 Mil. Solex Energy's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹621 Mil. Hence, Solex Energy's Days Inventory for the six months ended in Sep. 2023 was 147.90.

The historical rank and industry rank for Solex Energy's Days Inventory or its related term are showing as below:

NSE:SMSOLEX' s Days Inventory Range Over the Past 10 Years
Min: 6.32 Med: 19.46 Max: 87.45
Current: 87.45

During the past 9 years, Solex Energy's highest Days Inventory was 87.45. The lowest was 6.32. And the median was 19.46.

NSE:SMSOLEX's Days Inventory is ranked better than
67.83% of 942 companies
in the Semiconductors industry
Industry Median: 130.1 vs NSE:SMSOLEX: 87.45

Solex Energy's Days Inventory declined from Sep. 2022 (357.86) to Sep. 2023 (147.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Solex Energy's Inventory Turnover for the six months ended in Sep. 2023 was 1.23.

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. Solex Energy's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.54.

Solex Energy Days Inventory Historical Data

The historical data trend for Solex Energy'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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Solex Energy Days Inventory Chart

Solex Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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17.12

15.70

33.09

61.90

59.34

Solex Energy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial											54.22	52.34	357.86	46.88	147.90

Competitive Comparison of Solex Energy's Days Inventory

For the Solar subindustry, Solex Energy'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.

Solex Energy's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solex Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Solex Energy's Days Inventory falls into.

Solex Energy Days Inventory Calculation

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

Solex Energy's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (142.44	+	303.807)	/	2 )	/	1372.485	*	365
=	223.1235					/	1372.485	*	365
=	59.34

Solex Energy'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (303.807	+	702.575)	/	2 )	/	620.91	*	365 / 2
=	503.191					/	620.91	*	365 / 2
=	147.90

Solex Energy (NSE:SMSOLEX) 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.

Solex Energy's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	620.91	/	503.191
	=	1.23

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.

Solex Energy's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	503.191	/	930.36
	=	0.54

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.

Solex Energy Days Inventory Related Terms

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

Solex Energy (NSE:SMSOLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solex Energy Ltd (NSE:SMSOLEX) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009

Website

https://www.solex.in

Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

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