Electrovaya (TSX:ELVA) Change In Inventory : C$-0.96 Mil (TTM As of Sep. 2023)

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What is Electrovaya Change In Inventory?

Electrovaya's change in inventory for the quarter that ended in Sep. 2023 was C$0.94 Mil. It means Electrovaya's inventory declined by C$0.94 Mil from Jun. 2023 to Sep. 2023 .

Electrovaya's change in inventory for the fiscal year that ended in Sep. 2023 was C$-0.98 Mil. It means Electrovaya's inventory increased by C$0.98 Mil from Sep. 2022 to Sep. 2023 .

Electrovaya's Total Inventories for the quarter that ended in Sep. 2023 was C$11.19 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electrovaya's Days Inventory for the quarter that ended in Sep. 2023 was 58.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electrovaya's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.57.

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. Electrovaya's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.48.

Electrovaya Change In Inventory Historical Data

The historical data trend for Electrovaya'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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Electrovaya Change In Inventory Chart

Electrovaya Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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1.01

-1.37

-3.34

-3.72

-0.98

Electrovaya Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-3.15	-1.76	0.93	-1.07	0.94

Electrovaya 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 quarterly data reported by the company within the most recent 12 months, which was C$-0.96 Mil.

Electrovaya (TSX:ELVA) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.5105	/	14.903	*	365 / 4
	=	58.23

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.903	/	9.5105
	=	1.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.5105	/	19.751
	=	0.48

Electrovaya Change In Inventory Related Terms

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Electrovaya (TSX:ELVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electrovaya Inc (TSX:ELVA) » Definitions » Change In Inventory

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ELVA:USA 4EV0:Germany

Address

6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8

Website

https://www.electrovaya.com

Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others. This technology offers enhanced safety and industry leading battery longevity. Geographically it earns key revenue from the United States.