Envirotech Vehicles (Envirotech Vehicles) Inventory Turnover : 0.47 (As of Mar. 2021)

Envirotech Vehicles Inventory Turnover Chart

Envirotech Vehicles Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Inventory Turnover		Get a 7-Day Free Trial				0.16	1.78	21.68	23.54	0.71

Envirotech Vehicles Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.18	0.30	0.07	0.47

Envirotech Vehicles Inventory Turnover Calculation

Envirotech Vehicles's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Envirotech Vehicles's Inventory Turnover for the quarter that ended in Mar. 2021 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.

Envirotech Vehicles  (OTCPK:ADOM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Envirotech Vehicles's Days Inventory for the three months ended in Mar. 2021 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.

Envirotech Vehicles's Inventory to Revenue for the quarter that ended in Mar. 2021 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Envirotech Vehicles Inventory Turnover Related Terms

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Envirotech Vehicles (Envirotech Vehicles) Business Description