Days Inventory is also known as Days Sales of Inventory (DSI). Nikola's Average Total Inventories for the
three
months ended in Dec. 2024 was MXN1,498 Mil. Nikola's Cost of Goods Sold for the
three
months ended in Dec. 2024 was MXN1,273 Mil.
Hence, Nikola's Days Inventory for the
three
months ended in Dec. 2024 was 107.38.
The historical rank and industry rank for Nikola's Days Inventory or its related term are showing as below:
MEX:NKLA's Days Inventory is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 127.03 * Ranked among companies with meaningful Days Inventory only.
Nikola's Days Inventory
declined
from Dec. 2023 (110.96) to Dec. 2024 (107.38).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nikola's Inventory Turnover for the
three
months ended in Dec. 2024 was 0.85.
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
three
months ended in Dec. 2024 was 14.77.
Nikola (MEX:NKLA) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Nikola's Inventory Turnover for the
three
months ended in Dec. 2024 is calculated as
2. 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
three
months ended in Dec. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Nikola Days Inventory Related Terms
Nikola Days Inventory Historical Data
* Premium members only.
The historical data trend for Nikola's Days 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.
MEX:NKLA vs NMHI, GP, CAT: Days Inventory Comparison
For the Farm & Heavy Construction Machinery subindustry, Nikola's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nikola Days Inventory vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nikola's Days Inventory falls into.
* 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.
Nikola (MEX:NKLA) has a Days Inventory of 107.38 as of Dec. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nikola and its competitors.
Is Nikola's Days Inventory too high?
Nikola's current Days Inventory is 107.38. The Farm & Heavy Construction Machinery industry median Days Inventory is 127.03. Nikola's value of 107.38 is 15.5% below this industry median. Overall, Nikola has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nikola's Days Inventory compare to NMHI and GP?
Nikola's Days Inventory of 107.38 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Days Inventory is 127.03. Nikola's value of 107.38 is 15.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Farm & Heavy Construction Machinery company?
The median Days Inventory among Farm & Heavy Construction Machinery companies is 127.03, based on 207 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nikola's current Days Inventory of 107.38 is 15.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nikola and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Inventory is 127.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikola's current Days Inventory is 107.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikola stock overvalued right now?
Nikola (MEX:NKLA) has a current Days Inventory of 107.38. The current Days Inventory is 107.38 and 15.5% below the Farm & Heavy Construction Machinery industry median of 127.03. Nikola's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Nikola (MEX:NKLA), the current Days Inventory is 107.38 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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 is engaged in 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 the hydrogen fuel demand for the company's customers, as well as other third-party customers.
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