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Workhorse Group Days Inventory

: 338.16 (As of Mar. 2021)
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Workhorse Group's Total Inventories for the three months ended in Mar. 2021 was $23.07 Mil. Workhorse Group's Cost of Goods Sold for the three months ended in Mar. 2021 was $6.23 Mil. Hence, Workhorse Group's Days Inventory for the three months ended in Mar. 2021 was 338.16.

NAS:WKHS' s Days Inventory Range Over the Past 10 Years
Min: 34.19   Med: 81.86   Max: 245.13
Current: 245.13

34.19
245.13

During the past 13 years, Workhorse Group's highest Days Inventory was 245.13. The lowest was 34.19. And the median was 81.86.

NAS:WKHS's Days Inventory is ranked lower than
94% of the 1141 Companies
in the Vehicles & Parts industry.

( Industry Median: 78.40 vs. NAS:WKHS: 245.13 )

Workhorse Group's Days Inventory increased from Mar. 2020 (115.60) to Mar. 2021 (338.16). It might indicate that Workhorse Group's sales slowed down.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Workhorse Group's Inventory Turnover for the three months ended in Mar. 2021 was 0.27.

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. Workhorse Group's Inventory-to-Revenue for the three months ended in Mar. 2021 was 44.28.


Workhorse Group Days Inventory Historical Data

* 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.

* Premium members only.

Workhorse Group Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.19 52.75 81.86 135.26 241.13

Workhorse Group Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.60 205.54 164.38 139.84 338.16

Competitive Comparison
* 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.


Workhorse Group Days Inventory Distribution

* The bar in red indicates where Workhorse Group's Days Inventory falls into.



Workhorse Group Days Inventory Calculation

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

Workhorse Group's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

Days Inventory (A: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (1.798 + 15.467) / 2 ) / 13.067*365
=8.6325 / 13.067*365
=241.13

Workhorse Group's Days Inventory for the quarter that ended in Mar. 2021 is calculated as:

Days Inventory (Q: Mar. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Mar. 2021 )) / count ) / Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=( (15.467 + 30.671) / 2 ) / 6.225*365 / 4
=23.069 / 6.225*365 / 4
=338.16

* 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.


Workhorse Group  (NAS:WKHS) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Workhorse Group's Days Sales of Inventory for the three months ended in Mar. 2021 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=23.069/0.521*365 / 4
=4,040.40

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

Workhorse Group's Inventory Turnover for the three months ended in Mar. 2021 is calculated as

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.

Workhorse Group's Inventory to Revenue for the three months ended in Mar. 2021 is calculated as

* 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.


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.


Workhorse Group Days Inventory Related Terms


Workhorse Group Days Inventory Headlines

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