LOT (Lotus Technology) Inventory Turnover : 0.70 (As of Sep. 2024)

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What is Lotus Technology 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. Lotus Technology's Cost of Goods Sold for the three months ended in Sep. 2024 was $247 Mil. Lotus Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was $353 Mil. Lotus Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lotus Technology's Days Inventory for the three months ended in Sep. 2024 was 130.68.

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. Lotus Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.39.

Lotus Technology Inventory Turnover Historical Data

The historical data trend for Lotus Technology'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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Lotus Technology Inventory Turnover Chart

Lotus Technology Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

1.58

0.59

4.01

Lotus Technology Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial					1.28	1.10	0.45	0.54	0.70

Lotus Technology Inventory Turnover Calculation

Lotus Technology'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 )
=	576.827	/ (	(22.703	+	265.19)	/	2 )
=	576.827	/	143.9465
=	4.01

Lotus Technology'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 )
=	246.505	/ (	(385.2	+	320.834)	/	2 )
=	246.505	/	353.017
=	0.70

Lotus Technology (NAS:LOT) 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.

Lotus Technology'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
	=	353.017	/	246.505	*	365 / 4
	=	130.68

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.

Lotus Technology'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 )
	=	353.017	/	254.708
	=	1.39

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.

Lotus Technology Inventory Turnover Related Terms

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Lotus Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5EP:Germany

Address

No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120

Website

https://www.group-lotus.com

Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand. It also provides other sales and ancillary services to customers.