ELEK (Elektros) Inventory Turnover: 75.16 (As of Nov. 2018)


What is Elektros Inventory Turnover?

Elektros ELEK -11.76% Inventory Turnover is 75.16 as of Nov. 2018.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Elektros's Cost of Goods Sold for the three months ended in Nov. 2018 was $1.62 Mil. Elektros's Average Total Inventories for the quarter that ended in Nov. 2018 was $0.02 Mil. Elektros's Inventory Turnover for the quarter that ended in Nov. 2018 was 75.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elektros's Days Inventory for the three months ended in Nov. 2018 was 1.21.

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. Elektros's Inventory-to-Revenue for the quarter that ended in Nov. 2018 was 0.01.

Elektros  (OTCPK:ELEK) 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.

Elektros's Days Inventory for the three months ended in Nov. 2018 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2018 )/Cost of Goods Sold (Q: Nov. 2018 )*Days in Period
=0.0215/1.616*365 / 4
=1.21

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.

Elektros's Inventory to Revenue for the quarter that ended in Nov. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2018 ) / Revenue (Q: Nov. 2018 )
=0.0215 / 3.781
=0.01

* 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.

Elektros Inventory Turnover Related Terms

Elektros Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Elektros's Inventory Turnover 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.

Elektros Inventory Turnover Chart

Elektros Annual Data
Trend Apr12 May13 May14 May15 May16 May17 May18
Inventory Turnover
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 101.26

Elektros Quarterly Data
Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.21 25.95 42.54 57.48 75.16

Elektros Inventory Turnover Calculation

Elektros's Inventory Turnover for the fiscal year that ended in May. 2018 is calculated as

Inventory Turnover (A: May. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2018 ) / ((Total Inventories (A: May. 2017 ) + Total Inventories (A: May. 2018 )) / count )
=3.848 / ((0 + 0.038) / 1 )
=3.848 / 0.038
=101.26

Elektros's Inventory Turnover for the quarter that ended in Nov. 2018 is calculated as

Inventory Turnover (Q: Nov. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2018 ) / ((Total Inventories (Q: Aug. 2018 ) + Total Inventories (Q: Nov. 2018 )) / count )
=1.616 / ((0.02 + 0.023) / 2 )
=1.616 / 0.0215
=75.16

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 75.16 mean?
Elektros (ELEK) has a Inventory Turnover of 75.16 as of Nov. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Elektros and its competitors.
Is Elektros' Inventory Turnover too high?
Elektros' current Inventory Turnover is 75.16.
How does Elektros' Inventory Turnover compare to CHRA and PGTK?
Elektros' Inventory Turnover of 75.16 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Elektros and its competitors. Elektros's current Inventory Turnover is 75.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektros stock overvalued right now?
Elektros (ELEK) has a current Inventory Turnover of 75.16. The current Inventory Turnover is 75.16. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Elektros (ELEK), the current Inventory Turnover is 75.16 as of Nov. 2018. 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.

Elektros Business Description

Address 16950 North Bay Road, Suite 1803, Sunny Isles Beach, FL, USA, 33160
Elektros Inc is an American Electric Vehicle company that innovates mobility solutions for consumers and businesses.