The Lion Electric Co (The Lion Electric Co) Change In Inventory : $-23.1 Mil (TTM As of Mar. 2024)

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What is The Lion Electric Co Change In Inventory?

The Lion Electric Co's change in inventory for the quarter that ended in Mar. 2024 was $7.5 Mil. It means The Lion Electric Co's inventory declined by $7.5 Mil from Dec. 2023 to Mar. 2024 .

The Lion Electric Co's change in inventory for the fiscal year that ended in Dec. 2023 was $-90.1 Mil. It means The Lion Electric Co's inventory increased by $90.1 Mil from Dec. 2022 to Dec. 2023 .

The Lion Electric Co's Total Inventories for the quarter that ended in Mar. 2024 was $237.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Lion Electric Co's Days Inventory for the quarter that ended in Mar. 2024 was 333.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Lion Electric Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.27.

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. The Lion Electric Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.39.

The Lion Electric Co Change In Inventory Historical Data

The historical data trend for The Lion Electric Co'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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The Lion Electric Co Change In Inventory Chart

The Lion Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-2.43

-24.53

-78.63

-61.74

-90.06

The Lion Electric Co Quarterly Data
	Dec19	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												-7.59	-30.62	-	-	7.52

The Lion Electric Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23.1 Mil.

The Lion Electric Co (NYSE:LEV) Change In Inventory Explanation

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

The Lion Electric Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	243.5305	/	66.625	*	365 / 4
	=	333.54

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

The Lion Electric Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	66.625	/	243.5305
	=	0.27

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.

The Lion Electric Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	243.5305	/	55.481
	=	4.39

The Lion Electric Co Change In Inventory Related Terms

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The Lion Electric Co (The Lion Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Lion Electric Co (NYSE:LEV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

70U:Germany LEV:Canada

Address

921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2

Website

https://www.thelionelectric.com

The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.