LEVGQ (The Lion Electric Co) Inventory Turnover: 0.21 (As of Sep. 2024)


LEVGQ The Lion Electric Co LEVGQ
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What is The Lion Electric Co Inventory Turnover?

The Lion Electric Co LEVGQ 12 Inventory Turnover is 0.21 as of Sep. 2024. GuruFocus rates LEVGQ with a GF Score™ of 12/100.

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. The Lion Electric Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $46.6 Mil. The Lion Electric Co's Average Total Inventories for the quarter that ended in Sep. 2024 was $222.6 Mil. The Lion Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Lion Electric Co's Days Inventory for the three months ended in Sep. 2024 was 436.00.

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. The Lion Electric Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 7.27.

The Lion Electric Co  (OTCPK:LEVGQ) 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.

The Lion Electric Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=222.561/46.58*365 / 4
=436.00

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.

The Lion Electric Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=222.561 / 30.627
=7.27

* 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.

The Lion Electric Co Inventory Turnover Related Terms

The Lion Electric Co Inventory Turnover Historical Data

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The historical data trend for The Lion Electric Co'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.

The Lion Electric Co Inventory Turnover Chart

The Lion Electric Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
0.00 0.53 0.75 1.08 1.24

The Lion Electric Co Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.34 0.29 0.27 0.19 0.21
LEVGQ
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The Lion Electric Co LEVGQ
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The Lion Electric Co Inventory Turnover Calculation

The Lion Electric Co'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 )
=259.02 / ((167.192 + 249.607) / 2 )
=259.02 / 208.3995
=1.24

The Lion Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=46.58 / ((230.019 + 215.103) / 2 )
=46.58 / 222.561
=0.21

* 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 0.21 mean?
The Lion Electric Co (LEVGQ) has a Inventory Turnover of 0.21 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on The Lion Electric Co and its competitors.
Is The Lion Electric Co's Inventory Turnover too high?
The Lion Electric Co's current Inventory Turnover is 0.21. Overall, The Lion Electric Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Lion Electric Co's Inventory Turnover compare to UGRO and NKLAQ?
The Lion Electric Co's Inventory Turnover of 0.21 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Inventory Turnover depends on the Farm & Heavy Construction Machinery 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 The Lion Electric Co and its competitors. The Lion Electric Co's current Inventory Turnover is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lion Electric Co stock overvalued right now?
The Lion Electric Co (LEVGQ) has a current Inventory Turnover of 0.21. The current Inventory Turnover is 0.21. The Lion Electric Co's overall GF Score™ is 12/100. 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 The Lion Electric Co (LEVGQ), the current Inventory Turnover is 0.21 as of Sep. 2024. 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.

The Lion Electric Co Business Description

Address 921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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