Faraday Future Intelligent Electric (STU:5VFC) Inventory Turnover : 0.71 (As of Sep. 2023)

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What is Faraday Future Intelligent Electric 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. Faraday Future Intelligent Electric's Cost of Goods Sold for the three months ended in Sep. 2023 was €15.11 Mil. Faraday Future Intelligent Electric's Average Total Inventories for the quarter that ended in Sep. 2023 was €21.25 Mil. Faraday Future Intelligent Electric's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Faraday Future Intelligent Electric's Days Inventory for the three months ended in Sep. 2023 was 128.31.

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. Faraday Future Intelligent Electric's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 41.19.

Faraday Future Intelligent Electric Inventory Turnover Historical Data

The historical data trend for Faraday Future Intelligent Electric'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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Faraday Future Intelligent Electric Inventory Turnover Chart

Faraday Future Intelligent Electric Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

Faraday Future Intelligent Electric Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial								-	-	-	0.92	0.71

Faraday Future Intelligent Electric Inventory Turnover Calculation

Faraday Future Intelligent Electric's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Faraday Future Intelligent Electric's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	15.114	/ (	(9.508	+	32.996)	/	2 )
=	15.114	/	21.252
=	0.71

Faraday Future Intelligent Electric (STU:5VFC) 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.

Faraday Future Intelligent Electric's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	21.252	/	15.114	*	365 / 4
	=	128.31

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.

Faraday Future Intelligent Electric's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	21.252	/	0.516
	=	41.19

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.

Faraday Future Intelligent Electric Inventory Turnover Related Terms

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Faraday Future Intelligent Electric (STU:5VFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Faraday Future Intelligent Electric Inc (STU:5VFC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FFIE:USA 5VF0:Germany

Address

18455 S. Figueroa Street, Gardena, CA, USA, 90248

Website

https://www.ff.com

Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.

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