REE Automotive (REE Automotive) Total Inventories : $0.46 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is REE Automotive Total Inventories?

REE Automotive's total inventories for the quarter that ended in Dec. 2023 was $0.46 Mil. REE Automotive's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.44 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. REE Automotive's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REE Automotive's Days Inventory for the three months ended in Dec. 2023 was 44.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. REE Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.06.

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. REE Automotive's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

REE Automotive Total Inventories Historical Data

The historical data trend for REE Automotive's Total Inventories 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.

* Premium members only.

REE Automotive Total Inventories Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.27

0.46

REE Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial										-	-	-	0.43	0.46

REE Automotive Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

REE Automotive (NAS:REE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

REE Automotive's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(85.627	+	0.75 * 0.455	+	0.5 * 0.463	-	59.825
-	0	-	0)	/	8.45226
=	3.12

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

REE Automotive's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.444	/	0.913	*	365 / 4
	=	44.38

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

REE Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.913	/	0.444
	=	2.06

4. 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.

REE Automotive's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.444	/	0.455
	=	0.98

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

REE Automotive Total Inventories Related Terms

Thank you for viewing the detailed overview of REE Automotive's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

REE Automotive (REE Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007