Nikola (Nikola) Inventory Turnover : 1.05 (As of Mar. 2024)

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What is Nikola 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. Nikola's Cost of Goods Sold for the three months ended in Mar. 2024 was $65.07 Mil. Nikola's Average Total Inventories for the quarter that ended in Mar. 2024 was $61.97 Mil. Nikola's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nikola's Days Inventory for the three months ended in Mar. 2024 was 86.89.

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. Nikola's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 8.27.

Nikola Inventory Turnover Historical Data

The historical data trend for Nikola'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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Nikola Inventory Turnover Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.14

0.04

2.20

2.86

Nikola Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.41	1.72	0.83	1.05

Nikola Inventory Turnover Calculation

Nikola'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 )
=	249.906	/ (	(111.87	+	62.588)	/	2 )
=	249.906	/	87.229
=	2.86

Nikola's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	65.072	/ (	(62.588	+	61.342)	/	2 )
=	65.072	/	61.965
=	1.05

Nikola (NAS:NKLA) 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.

Nikola's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	61.965	/	65.072	*	365 / 4
	=	86.89

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.

Nikola's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	61.965	/	7.497
	=	8.27

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.

Nikola Inventory Turnover Related Terms

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Nikola (Nikola) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI:Germany NKLA:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Executives

Joseph S. Cappello	officer: President of Energy	13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick	officer: Chief Financial Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Carey Mendes	officer: President, Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller	officer: President, Nikola Motor Div.	4141 E BROADWAY ROAD, PHONEIX AZ 85040
Joseph R. Pike	officer: Chief Human Resources Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen	officer: Chief Legal Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell	director, 10 percent owner, officer: President and CEO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton	director, 10 percent owner, officer: Executive Chairman	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester	director	C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner	officer: President, Nikola Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich	director
Bruce L. Smith	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129