Electric Last Mile Solutions (Electric Last Mile Solutions) Days Inventory : 2,861.10 (As of Sep. 2021)

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What is Electric Last Mile Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Electric Last Mile Solutions's Average Total Inventories for the three months ended in Sep. 2021 was $4.20 Mil. Electric Last Mile Solutions's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.13 Mil. Hence, Electric Last Mile Solutions's Days Inventory for the three months ended in Sep. 2021 was 2,861.10.

The historical rank and industry rank for Electric Last Mile Solutions's Days Inventory or its related term are showing as below:

ELMSQ's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.83
* Ranked among companies with meaningful Days Inventory only.

Electric Last Mile Solutions's Days Inventory increased from . 20 (0.00) to Sep. 2021 (2,861.10). It might indicate that Electric Last Mile Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electric Last Mile Solutions's Inventory Turnover for the three months ended in Sep. 2021 was 0.03.

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. Electric Last Mile Solutions's Inventory-to-Revenue for the three months ended in Sep. 2021 was 30.89.

Electric Last Mile Solutions Days Inventory Historical Data

The historical data trend for Electric Last Mile Solutions'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.

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Electric Last Mile Solutions Days Inventory Chart

Electric Last Mile Solutions Annual Data

Trend

Days Inventory

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Days Inventory	-	2,861.10

Competitive Comparison of Electric Last Mile Solutions's Days Inventory

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Electric Last Mile Solutions's Days Inventory falls into.

Electric Last Mile Solutions Days Inventory Calculation

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

Electric Last Mile Solutions's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Electric Last Mile Solutions's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0.824	+	7.579)	/	2 )	/	0.134	*	365 / 4
=	4.2015					/	0.134	*	365 / 4
=	2,861.10

Electric Last Mile Solutions (OTCPK:ELMSQ) 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.

Electric Last Mile Solutions's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.134	/	4.2015
	=	0.03

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.

Electric Last Mile Solutions's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.2015	/	0.136
	=	30.89

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.

Electric Last Mile Solutions Days Inventory Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445