EZGO Technologies (EZGO Technologies) Change In Inventory : $-0.51 Mil (TTM As of Sep. 2023)

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What is EZGO Technologies Change In Inventory?

EZGO Technologies's change in inventory for the quarter that ended in Sep. 2023 was $2.75 Mil. It means EZGO Technologies's inventory declined by $2.75 Mil from Mar. 2023 to Sep. 2023 .

EZGO Technologies's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.51 Mil. It means EZGO Technologies's inventory increased by $0.51 Mil from Sep. 2022 to Sep. 2023 .

EZGO Technologies's Total Inventories for the quarter that ended in Sep. 2023 was $0.83 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EZGO Technologies's Days Inventory for the quarter that ended in Sep. 2023 was 46.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. EZGO Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.92.

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. EZGO Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

EZGO Technologies Change In Inventory Historical Data

The historical data trend for EZGO Technologies'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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EZGO Technologies Change In Inventory Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-0.45

1.57

-0.13

0.33

-0.51

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial						1.77	-2.57	2.90	-3.26	2.75

EZGO Technologies 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.51 Mil.

EZGO Technologies (NAS:EZGO) Change In Inventory Explanation

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

EZGO Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.5015	/	9.802	*	365 / 2
	=	46.57

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

EZGO Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.802	/	2.5015
	=	3.92

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.

EZGO Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.5015	/	10.759
	=	0.23

EZGO Technologies Change In Inventory Related Terms

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EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » Change In Inventory

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Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.