REE Automotive (REE Automotive) Change In Inventory : $0.00 Mil (TTM As of Dec. 2023)

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What is REE Automotive Change In Inventory?

REE Automotive's change in inventory for the quarter that ended in Dec. 2023 was $0.00 Mil. It means REE Automotive's inventory stayed the same from Sep. 2023 to Dec. 2023 .

REE Automotive's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.46 Mil. It means REE Automotive's inventory increased by $0.46 Mil from Dec. 2022 to Dec. 2023 .

REE Automotive's Total Inventories for the quarter that ended in Dec. 2023 was $0.46 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REE Automotive's Days Inventory for the quarter that ended in Dec. 2023 was 44.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. REE Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.06.

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. REE Automotive's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

REE Automotive Change In Inventory Historical Data

The historical data trend for REE Automotive'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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REE Automotive Change In Inventory Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.11

0.11

0.27

-0.46

REE Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial										-	-	-	-	-

REE Automotive 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

REE Automotive (NAS:REE) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.444	/	0.913	*	365 / 4
	=	44.38

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

REE Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.913	/	0.444
	=	2.06

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.

REE Automotive's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.444	/	0.455
	=	0.98

REE Automotive Change In Inventory Related Terms

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REE Automotive (REE Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007