Lightning eMotors (Lightning eMotors) Change In Inventory : $-3.02 Mil (TTM As of Sep. 2023)

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What is Lightning eMotors Change In Inventory?

Lightning eMotors's change in inventory for the quarter that ended in Sep. 2023 was $20.14 Mil. It means Lightning eMotors's inventory declined by $20.14 Mil from Jun. 2023 to Sep. 2023 .

Lightning eMotors's change in inventory for the fiscal year that ended in Dec. 2022 was $-36.11 Mil. It means Lightning eMotors's inventory increased by $36.11 Mil from Dec. 2021 to Dec. 2022 .

Lightning eMotors's Total Inventories for the quarter that ended in Sep. 2023 was $19.21 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lightning eMotors's Days Inventory for the quarter that ended in Sep. 2023 was 76.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lightning eMotors's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.20.

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. Lightning eMotors's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.09.

Lightning eMotors Change In Inventory Historical Data

The historical data trend for Lightning eMotors'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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Lightning eMotors Change In Inventory Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-3.25

-2.02

-9.80

-36.11

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial										-10.57	-14.16	-3.18	-5.83	20.14

Lightning eMotors 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.02 Mil.

Lightning eMotors (OTCPK:ZEVY) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	38.1805	/	45.694	*	365 / 4
	=	76.25

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

Lightning eMotors's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45.694	/	38.1805
	=	1.20

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.

Lightning eMotors's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.1805	/	12.366
	=	3.09

Lightning eMotors Change In Inventory Related Terms

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Lightning eMotors (Lightning eMotors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (OTCPK:ZEVY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

Executives

Rosella Holdings Ltd	10 percent owner	TRAFALGAR COURT, 3RD FLOOR, WEST WING, LES BANQUES, ST PETER PORT Y7 GY1 2JA
David Agatston	officer: Chief Financial Officer	C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Wanda Jackson-davis	director	C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Shashi Seth	officer: Chief Revenue Officer	3080 SOUTH CT, PALO ALTO CA 94306
Jack Kenneth P. Jr.	director	815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Robert Fenwick-smith	director	C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Bruce Coventry	director	C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Timothy Reeser	director, officer: Chief Executive Officer	C/O LIGHTNING EMOTORS, INC., 815 14TH STREET SW, SUITE A100, LOVELAND CO 80537
Teresa Covington	officer: Chief Financial Officer	C/O AEROVIRONMENT, INC., 181 W. HUNTINGTON DR., SUITE 202, MONROVIA CA 91016
Raluca Dinu	director	C/O GIGCAPITAL2, INC., 2479 E. BAYSHORE RD., SUITE 200, PALO ALTO CA 94303
Diana D Tremblay	director	2111 NORTH MOLTER ROAD, LIBERTY LAKE WA 99019
Thaddeus Senko	director	C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7, STOCKHOLM V7 SE-11164
Andrea Betti-berutto	other: former director	C/O GIGCAPITAL3, INC., 1731 EMBARCADERO RD., SUITE 200, PALO ALTO CA 94303
Peter S Wang	other: former director	GIGCAPITAL, INC., 3000 EL CAMINO REAL, BLDG 4, SUITE 232, PALO ALTO CA 94306
John J Mikulsky	other: former director	C/O KALEYRA, INC., 1731 EMBARCADERO ROAD, SUITE 200, PALO ALTO CA 94303