ENVXW (Enovix) Change In Inventory : $1.07 Mil (TTM As of Dec. 2024)

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What is Enovix Change In Inventory?

Enovix's change in inventory for the quarter that ended in Dec. 2024 was $1.90 Mil. It means Enovix's inventory declined by $1.90 Mil from Sep. 2024 to Dec. 2024 .

Enovix's change in inventory for the fiscal year that ended in Dec. 2024 was $1.07 Mil. It means Enovix's inventory declined by $1.07 Mil from Dec. 2023 to Dec. 2024 .

Enovix's Total Inventories for the quarter that ended in Dec. 2024 was $7.66 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enovix's Days Inventory for the quarter that ended in Dec. 2024 was 90.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Enovix's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.01.

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. Enovix's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.89.

Enovix Change In Inventory Historical Data

The historical data trend for Enovix's Change In 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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Enovix Change In Inventory Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

-0.63

4.51

1.07

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Inventory	Get a 7-Day Free Trial													4.09	2.20	-2.97	-0.06	1.90

Enovix Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.07 Mil.

Enovix (NAS:ENVXW) Change In Inventory Explanation

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

Enovix's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.614	/	8.665	*	365 / 4
	=	90.71

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

Enovix's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.665	/	8.614
	=	1.01

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.

Enovix's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.614	/	9.717
	=	0.89

Enovix Change In Inventory Related Terms

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Enovix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (NAS:ENVXW) » Definitions » Change In Inventory

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Traded in Other Exchanges

ENVX:USA 6Q81:Germany

Address

3501 W Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.