Days Inventory is also known as Days Sales of Inventory (DSI). Nikola's Average Total Inventories for the
three
months ended in Sep. 2024 was $69.11 Mil. Nikola's Cost of Goods Sold for the
three
months ended in Sep. 2024 was $87.12 Mil.
Hence, Nikola's Days Inventory for the
three
months ended in Sep. 2024 was 72.38.
The historical rank and industry rank for Nikola's Days Inventory or its related term are showing as below:
NKLAQ'
s Days Inventory Range Over the Past 10 Years
Min: 80.88 Med: 1343.7 Max: 9490
Current: 80.88
During the past 6 years, Nikola's highest Days Inventory was 9490.00. The lowest was 80.88. And the median was 1343.70.
NKLAQ's Days Inventory is ranked better than 78.71% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 140.365
vs NKLAQ: 80.88
Nikola's Days Inventory
increased
from Sep. 2023 (52.93) to Sep. 2024 (72.38).
It might indicate that Nikola's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nikola's Inventory Turnover for the
three
months 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
three
months ended in Sep. 2024 was 2.74.
Nikola Days Inventory Historical Data
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.
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's Days Inventory Distribution in the 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.
Nikola Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nikola's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Nikola (OTCPK:NKLAQ) 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 Sep. 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 Sep. 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
Thank you for viewing the detailed overview of Nikola's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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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