EZGO Technologies (EZGO Technologies) Inventory Turnover : 3.92 (As of Sep. 2023)

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What is EZGO Technologies 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. EZGO Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was $9.80 Mil. EZGO Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was $2.50 Mil. EZGO Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EZGO Technologies's Days Inventory for the six months ended in Sep. 2023 was 46.57.

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. EZGO Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

EZGO Technologies Inventory Turnover Historical Data

The historical data trend for EZGO Technologies'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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EZGO Technologies Inventory Turnover Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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0.17

7.45

25.71

26.31

24.43

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial						7.75	2.72	6.21	2.19	3.92

EZGO Technologies Inventory Turnover Calculation

EZGO Technologies's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	14.782	/ (	(0.381	+	0.829)	/	2 )
=	14.782	/	0.605
=	24.43

EZGO Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	9.802	/ (	(4.174	+	0.829)	/	2 )
=	9.802	/	2.5015
=	3.92

EZGO Technologies (NAS:EZGO) 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.

EZGO Technologies's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.5015	/	9.802	*	365 / 2
	=	46.57

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.

EZGO Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.5015	/	10.759
	=	0.23

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.

EZGO Technologies Inventory Turnover Related Terms

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EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.