Workhorse Group (HAM:1WO0) Change In Inventory : €-14.69 Mil (TTM As of Jun. 2024)

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What is Workhorse Group Change In Inventory?

Workhorse Group's change in inventory for the quarter that ended in Jun. 2024 was €3.59 Mil. It means Workhorse Group's inventory declined by €3.59 Mil from Mar. 2024 to Jun. 2024 .

Workhorse Group's change in inventory for the fiscal year that ended in Dec. 2023 was €-36.03 Mil. It means Workhorse Group's inventory increased by €36.03 Mil from Dec. 2022 to Dec. 2023 .

Workhorse Group's Total Inventories for the quarter that ended in Jun. 2024 was €43.20 Mil.

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 quarter that ended in Jun. 2024 was 599.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Workhorse Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.15.

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 quarter that ended in Jun. 2024 was 56.95.

Workhorse Group Change In Inventory Historical Data

The historical data trend for Workhorse Group'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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Workhorse Group Change In Inventory Chart

Workhorse Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.04

-11.24

-61.60

-15.70

-36.03

Workhorse Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial															-11.62	-2.42	-9.91	-5.95	3.59

Workhorse Group 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-14.69 Mil.

Workhorse Group (HAM:1WO0) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	44.5325	/	6.782	*	365 / 4
	=	599.17

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

Workhorse Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.782	/	44.5325
	=	0.15

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 quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44.5325	/	0.782
	=	56.95

Workhorse Group Change In Inventory Related Terms

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Workhorse Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Workhorse Group Inc (HAM:1WO0) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

WKHS:USA WKHS:Mexico 0A3U:UK 1WO0:Germany

Address

3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241

Website

https://www.workhorse.com

Workhorse Group Inc is a technology company. It designs, develops, manufactures, and sells high-performance, medium-duty trucks with powertrain components under the Workhorse chassis brand. The company's products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power train. The company generates key revenue from the Automotive Revenue which consists of sales of any of its E-GEN or E-100 platforms.

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