IDEXQ (Ideanomics) Inventory Turnover : 0.23 (As of Dec. 2023)

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What is Ideanomics Inventory Turnover?

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. Ideanomics's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.24 Mil. Ideanomics's Average Total Inventories for the quarter that ended in Dec. 2023 was $18.31 Mil. Ideanomics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ideanomics's Days Inventory for the three months ended in Dec. 2023 was 393.86.

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. Ideanomics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.80.

Ideanomics Inventory Turnover Historical Data

The historical data trend for Ideanomics'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.

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Ideanomics Inventory Turnover Chart

Ideanomics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.75

1.26

0.74

Ideanomics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.12	0.39	0.30	0.11	0.23

Ideanomics Inventory Turnover Calculation

Ideanomics's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	18.173	/ (	(29.309	+	19.838)	/	2 )
=	18.173	/	24.5735
=	0.74

Ideanomics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4.242	/ (	(16.781	+	19.838)	/	2 )
=	4.242	/	18.3095
=	0.23

Ideanomics (OTCPK:IDEXQ) 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.

Ideanomics's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	18.3095	/	4.242	*	365 / 4
	=	393.86

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.

Ideanomics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	18.3095	/	3.816
	=	4.80

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.

Ideanomics Inventory Turnover Related Terms

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Ideanomics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ideanomics Inc (OTCPK:IDEXQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1441 Broadway, Suite 5116, New York, NY, USA, 10018

Website

https://www.ideanomics.com

Ideanomics Inc is an American multinational company engaged in accelerating the commercial adoption of electric vehicles. The company conducts its operations in one segment with three business units; Ideanomics Mobility's focus is electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. There are five operating companies within the Ideanomics Mobility business unit: VIA, Energica, Solectrac, United States Hybrid, and Tree Technologies, Ideanomics Energy's focus is charging and energy-related products and services, and Ideanomics Capital's focus is providing financing support for the Company's Mobility and Energy business units. Geographically, the company operates in North America, Asia, and Europe.

Executives

Alfred Poor	director, officer: Chief Executive Officer	55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006
Stephen Eric Johnston	officer: Chief Financial Officer	4950 SUSANS WAY, BLOOMFIELD HILLS MI 48302
Shane Mcmahon	director, 10 percent owner, officer: Chief Executive Officer	1241 EST MAIN STREET, STAMFORD CT 06902
John Wallace	director	55 BROADWAY, 19TH FLOOR, NEW YORK NY 10006
Bruno Zheng Wu	director, 10 percent owner, officer: Chief Executive Officer	EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 102423
Sean Wang	director	C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116
Xiuping Wang	officer: Chief Financial Officer	C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116
Randy Huang	officer: Chief Technical Officer	C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116
Yi Xu	officer: Chief Operating Officer	C/O WECAST NETWORK, INC., BUILDING B4, TAI MING INT'L. BUSINESS CT, TAI HU TOWN, TONGZHOU DISTRICT, BEIJING F4 101116
Bing Yang	director, officer: CEO and Director	375 GREENWICH ST., SUITE 516, NEW YORK NY 10013
Mingcheng Tao	director, officer: Chief Executive Officer	3340 PEACHTREE ROAD NE, SUITE 900, ATLANTA GA 30326
Polly Wang	director	EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 102423
Jian Ren Fan	director	305-36 ROOM, 3RD FLOOR, D BUILDING, TIANJIN ECONOMIC-TECHNOLOGICAL DVLP AREA, TIANJIN CITY F4 300280
Sun Seven Stars Hong Kong Cultural Development Ltd	10 percent owner	EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 F4 102423
Shanghai Sun Seven Stars Cultural Development Ltd	10 percent owner	EASTERN FANGZHENG ROAD, SOUTHERN DONGYING VILLAGE, HANCUNHE TOWN F4 F4 102423