Vicinity Motor (Vicinity Motor) Days Inventory

: 304.39 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Vicinity Motor's Average Total Inventories for the three months ended in Dec. 2023 was $18.46 Mil. Vicinity Motor's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.54 Mil. Hence, Vicinity Motor's Days Inventory for the three months ended in Dec. 2023 was 304.39.

The historical rank and industry rank for Vicinity Motor's Days Inventory or its related term are showing as below:

VEV' s Days Inventory Range Over the Past 10 Years
Min: 95.92 Med: 240.1 Max: 439.62
Current: 290.38

During the past 13 years, Vicinity Motor's highest Days Inventory was 439.62. The lowest was 95.92. And the median was 240.10.

VEV's Days Inventory is ranked worse than
95.23% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.23 vs VEV: 290.38

Vicinity Motor's Days Inventory declined from Dec. 2022 (345.51) to Dec. 2023 (304.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vicinity Motor's Inventory Turnover for the three months ended in Dec. 2023 was 0.30.

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. Vicinity Motor's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.63.

Vicinity Motor Days Inventory Historical Data

The historical data trend for Vicinity Motor'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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Vicinity Motor Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

312.88

435.13

170.61

197.16

359.75

Vicinity Motor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																345.51	405.47	286.28	187.74	304.39

Competitive Comparison

For the Auto Manufacturers subindustry, Vicinity Motor'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.

Vicinity Motor Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Vicinity Motor's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vicinity Motor's Days Inventory falls into.

Vicinity Motor Days Inventory Calculation

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

Vicinity Motor's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (10.068	+	23.273)	/	2 )	/	16.914	*	365
=	16.6705					/	16.914	*	365
=	359.75

Vicinity Motor's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.654	+	23.273)	/	2 )	/	5.535	*	365 / 4
=	18.4635					/	5.535	*	365 / 4
=	304.39

Vicinity Motor (NAS:VEV) 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.

Vicinity Motor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.535	/	18.4635
	=	0.30

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.

Vicinity Motor's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.4635	/	5.093
	=	3.63

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.

Vicinity Motor Days Inventory Related Terms

Thank you for viewing the detailed overview of Vicinity Motor's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Vicinity Motor (Vicinity Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicinity Motor Corp (NAS:VEV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

6LGA:Germany VMC:Canada

Address

3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6

Website

https://www.vicinitymotorcorp.com

Vicinity Motor Corp is a Canadian bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States. The company derives maximum revenue from bus sales. It also supplies the Spare part.