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Solargiga Energy Holdings (Solargiga Energy Holdings) Days Inventory : 32.96 (As of Dec. 2023)


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What is Solargiga Energy Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solargiga Energy Holdings's Average Total Inventories for the six months ended in Dec. 2023 was $88 Mil. Solargiga Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $490 Mil. Hence, Solargiga Energy Holdings's Days Inventory for the six months ended in Dec. 2023 was 32.96.

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

SEHLF' s Days Inventory Range Over the Past 10 Years
Min: 25.11   Med: 38.31   Max: 91.85
Current: 33.7

During the past 13 years, Solargiga Energy Holdings's highest Days Inventory was 91.85. The lowest was 25.11. And the median was 38.31.

SEHLF's Days Inventory is ranked better than
91.4% of 942 companies
in the Semiconductors industry
Industry Median: 130.435 vs SEHLF: 33.70

Solargiga Energy Holdings's Days Inventory increased from Dec. 2022 (28.99) to Dec. 2023 (32.96). It might indicate that Solargiga Energy Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solargiga Energy Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 5.54.

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. Solargiga Energy Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.17.


Solargiga Energy Holdings Days Inventory Historical Data

The historical data trend for Solargiga Energy Holdings'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.

* Premium members only.

Solargiga Energy Holdings Days Inventory Chart

Solargiga Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.43 26.79 38.05 30.16 25.16

Solargiga Energy Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory 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 67.57 50.43 28.99 43.46 32.96

Competitive Comparison of Solargiga Energy Holdings's Days Inventory

For the Solar subindustry, Solargiga Energy Holdings'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.


Solargiga Energy Holdings's Days Inventory Distribution in the Semiconductors Industry

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

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



Solargiga Energy Holdings Days Inventory Calculation

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

Solargiga Energy Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (84.279 + 45.764) / 2 ) / 943.23*365
=65.0215 / 943.23*365
=25.16

Solargiga Energy Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (131.117 + 45.764) / 2 ) / 489.628*365 / 2
=88.4405 / 489.628*365 / 2
=32.96

* 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.


Solargiga Energy Holdings  (OTCPK:SEHLF) 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.

Solargiga Energy Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Solargiga Energy Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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

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.


Solargiga Energy Holdings Days Inventory Related Terms

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


Solargiga Energy Holdings (Solargiga Energy Holdings) Business Description

Traded in Other Exchanges
Address
25 Harbour Road, Room 1402, Harbour Centre, Wanchai, Hong Kong, HKG
Solargiga Energy Holdings Ltd is a supplier of upstream and downstream solar energy services. It is involved in the manufacturing of, trading of and provision of processing services for polysilicon and monocrystalline silicon solar ingots, the manufacturing, and trading of semiconductor and monocrystalline silicon solar cells, the manufacturing and trading of photovoltaic modules, and the construction and operation of photovoltaic power plants. The company derives the majority of its revenues from the manufacturing and trading of photovoltaic modules. It mainly operates in Mainland China, Japan, Taiwan, Europe, America, and other Asian regions.

Solargiga Energy Holdings (Solargiga Energy Holdings) Headlines

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