SolarBank (NEOE:SUNN) Total Inventories : C$2.78 Mil (As of Mar. 2024)

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What is SolarBank Total Inventories?

SolarBank's total inventories for the quarter that ended in Mar. 2024 was C$2.78 Mil. SolarBank's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was C$1.91 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SolarBank's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SolarBank's Days Inventory for the three months ended in Mar. 2024 was 9.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. SolarBank's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.78.

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. SolarBank's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

SolarBank Total Inventories Historical Data

The historical data trend for SolarBank'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.

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SolarBank Total Inventories Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Total Inventories

0.20

0.45

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial					0.65	0.45	0.81	1.05	2.78

SolarBank 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.

SolarBank (NEOE:SUNN) 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.

SolarBank'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)
=	(8.811	+	0.75 * 3.339	+	0.5 * 2.775	-	12.114
-	0	-	2.392)	/	27.1361
=	-0.07

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

SolarBank'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
	=	1.91	/	18.687	*	365 / 4
	=	9.33

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

SolarBank'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 )
	=	18.687	/	1.91
	=	9.78

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.

SolarBank'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 )
	=	1.91	/	24.075
	=	0.08

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.

SolarBank Total Inventories Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

SolarBank (NEOE:SUNN) Headlines

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