Envirotech Vehicles (Envirotech Vehicles) Change In Inventory : $-1.51 Mil (TTM As of Mar. 2024)

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What is Envirotech Vehicles Change In Inventory?

Envirotech Vehicles's change in inventory for the quarter that ended in Mar. 2024 was $-0.41 Mil. It means Envirotech Vehicles's inventory increased by $0.41 Mil from Dec. 2023 to Mar. 2024 .

Envirotech Vehicles's change in inventory for the fiscal year that ended in Dec. 2023 was $-1.16 Mil. It means Envirotech Vehicles's inventory increased by $1.16 Mil from Dec. 2022 to Dec. 2023 .

Envirotech Vehicles's Total Inventories for the quarter that ended in Mar. 2024 was $7.24 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Envirotech Vehicles's Days Inventory for the quarter that ended in Mar. 2024 was 1,278.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Envirotech Vehicles's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.07.

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. Envirotech Vehicles's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 8.69.

Envirotech Vehicles Change In Inventory Historical Data

The historical data trend for Envirotech Vehicles'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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Envirotech Vehicles Change In Inventory Chart

Envirotech Vehicles Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-3.20

-1.82

-1.16

Envirotech Vehicles Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												-0.06	-1.21	0.06	0.05	-0.41

Envirotech Vehicles 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.51 Mil.

Envirotech Vehicles (NAS:EVTV) Change In Inventory Explanation

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

Envirotech Vehicles's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.036	/	0.502	*	365 / 4
	=	1,278.95

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

Envirotech Vehicles's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.502	/	7.036
	=	0.07

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.

Envirotech Vehicles's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.036	/	0.81
	=	8.69

Envirotech Vehicles Change In Inventory Related Terms

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Envirotech Vehicles (Envirotech Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Envirotech Vehicles Inc (NAS:EVTV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1425 Ohlendorf Road, Osceola, AR, USA, 72370

Website

https://www.evtvusa.com

Envirotech Vehicles Inc is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. It recognizes revenue from the sales of zero-emission electric vehicles and vehicle maintenance and inspection services.

Executives

Douglas M Campoli	officer: Chief Financial Officer	C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Susan Marie Emry	officer: EVP/CFO	1215 GRAPHITE DRIVE, CORONA CA 92881
Phillip Oldridge	director, officer: CEO	7000 MERRILL AVENUE, SUITE 31, CHINO NV 91710
Di Pietro Michael A	director	14245 PIPELINE AVE, CHINO CA 91710
Melissa Barcellos	director	1215 GRAPHITE DRIVE, CORONA CA 92881
Gary W Nettles	director	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John Perkowski	director	TYG CENTER TOWER B, SUITE 2601, DONG SAN HUAN BEI LU BING 2, BEIJING F4 100027
Richard A. Eckert	officer: Chief Operating Officer	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Michael K. Menerey	director, officer: Chief Financial Officer	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
James L. Reynolds	director, 10 percent owner, officer: President and CEO	620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Kevin G. Kanning	officer: VP of IR & Business Dev.	620 NEWPORT CENTER DRIVE SUITE 1100, NEWPORT BEACH CA 92660
Janet L. Boydell	director	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
John H. Roselli	officer: VP of Sales and Marketing	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660
Edward R. Monfort	10 percent owner, officer: Chief Technology Officer	620 NEWPORT CENTER DRIVE, SUITE 1100, NEWPORT BEACH CA 92660