EHang Holdings (EHang Holdings) Inventory Turnover : 0.32 (As of Dec. 2023)

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What is EHang Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. EHang Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.80 Mil. EHang Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $8.63 Mil. EHang Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EHang Holdings's Days Inventory for the three months ended in Dec. 2023 was 281.38.

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. EHang Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.09.

EHang Holdings Inventory Turnover Historical Data

The historical data trend for EHang Holdings's Inventory Turnover 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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EHang Holdings Inventory Turnover Chart

EHang Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.50

2.30

0.34

0.19

0.63

EHang Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.12	0.06	0.15	0.32

EHang Holdings Inventory Turnover Calculation

EHang Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5.899	/ (	(10.38	+	8.331)	/	2 )
=	5.899	/	9.3555
=	0.63

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.8	/ (	(8.937	+	8.331)	/	2 )
=	2.8	/	8.634
=	0.32

EHang Holdings (NAS:EH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

EHang Holdings'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
	=	8.634	/	2.8	*	365 / 4
	=	281.38

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.

EHang Holdings'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 )
	=	8.634	/	7.928
	=	1.09

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

EHang Holdings Inventory Turnover Related Terms

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EHang Holdings (EHang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » EHang Holdings Ltd (NAS:EH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

EH:Mexico

Address

No. 29 Bishan boulevard, EHang Technology Park, Floor 11, Building One, Huangpu District, Guangzhou, CHN, 510700

Website

https://www.ehang.com

EHang Holdings Ltd is an autonomous aerial vehicle (AAV) technology platform company. It focuses on making safe, autonomous and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global Urban Air Mobility industry, it continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.