REE (REE Automotive) Days Inventory : 489.63 (As of Sep. 2024)

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What is REE Automotive Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). REE Automotive's Average Total Inventories for the three months ended in Sep. 2024 was $1.90 Mil. REE Automotive's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.35 Mil. Hence, REE Automotive's Days Inventory for the three months ended in Sep. 2024 was 489.63.

The historical rank and industry rank for REE Automotive's Days Inventory or its related term are showing as below:

REE' s Days Inventory Range Over the Past 10 Years
Min: 51.68 Med: 99.41 Max: 165.93
Current: 165.93

During the past 5 years, REE Automotive's highest Days Inventory was 165.93. The lowest was 51.68. And the median was 99.41.

REE's Days Inventory is ranked worse than
86.25% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 80.78 vs REE: 165.93

REE Automotive's Days Inventory increased from Sep. 2023 (27.43) to Sep. 2024 (489.63). It might indicate that REE Automotive's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. REE Automotive's Inventory Turnover for the three months ended in Sep. 2024 was 0.19.

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 three months ended in Sep. 2024 was 172.68.

REE Automotive Days Inventory Historical Data

The historical data trend for REE Automotive'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.

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REE Automotive Days Inventory Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

152.88

99.41

51.68

REE Automotive Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial													27.43	44.38	111.40	248.66	489.63

Competitive Comparison of REE Automotive's Days Inventory

For the Auto Parts subindustry, REE Automotive'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.

REE Automotive's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, REE Automotive's Days Inventory distribution charts can be found below:

* The bar in red indicates where REE Automotive's Days Inventory falls into.

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REE Automotive Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0.463)	/	1 )	/	3.27	*	365
=	0.463					/	3.27	*	365
=	51.68

REE Automotive's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.048	+	1.751)	/	2 )	/	0.354	*	365 / 4
=	1.8995					/	0.354	*	365 / 4
=	489.63

REE Automotive (NAS:REE) 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.

REE Automotive's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.354	/	1.8995
	=	0.19

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.

REE Automotive's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.8995	/	0.011
	=	172.68

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.

REE Automotive Days Inventory Related Terms

Thank you for viewing the detailed overview of REE Automotive's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

REE Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Days 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 an automotive technology company focused on building commercial electric vehicles controlled fully by-wire. The company is developing REEcorner technology which packs critical vehicle components into a single compact module positioned between the chassis and the wheel as well as building commercial Electric Vehicles (EV) leveraging REEcorner technology. The company has geographical preference in Israel, Germany, United States, United Kingdom, and other regions.

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