Nikola (LTS:0A3R) Change In Inventory : $-84.86 Mil (TTM As of Sep. 2024)

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What is Nikola Change In Inventory?

Nikola's change in inventory for the quarter that ended in Sep. 2024 was $-32.95 Mil. It means Nikola's inventory increased by $32.95 Mil from Jun. 2024 to Sep. 2024 .

Nikola's change in inventory for the fiscal year that ended in Dec. 2023 was $-23.76 Mil. It means Nikola's inventory increased by $23.76 Mil from Dec. 2022 to Dec. 2023 .

Nikola's Total Inventories for the quarter that ended in Sep. 2024 was $76.08 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nikola's Days Inventory for the quarter that ended in Sep. 2024 was 72.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nikola's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.26.

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. Nikola's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.74.

Nikola Change In Inventory Historical Data

The historical data trend for Nikola'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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Nikola Change In Inventory Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-17.41

-141.17

-23.76

Nikola Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-21.71	-13.77	-17.79	-20.34	-32.95

Nikola 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-84.86 Mil.

Nikola (LTS:0A3R) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	69.105	/	87.124	*	365 / 4
	=	72.38

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

Nikola's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	87.124	/	69.105
	=	1.26

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	69.105	/	25.181
	=	2.74

Nikola Change In Inventory Related Terms

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Nikola Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (LTS:0A3R) » Definitions » Change In Inventory

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Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.

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