Zooz Power (XTAE:ZOOZ) Inventory Turnover : 0.32 (As of Dec. 2024)

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What is Zooz Power 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. Zooz Power's Cost of Goods Sold for the six months ended in Dec. 2024 was ₪2.89 Mil. Zooz Power's Average Total Inventories for the quarter that ended in Dec. 2024 was ₪8.91 Mil. Zooz Power's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zooz Power's Days Inventory for the six months ended in Dec. 2024 was 563.21.

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. Zooz Power's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 4.81.

Zooz Power Inventory Turnover Historical Data

The historical data trend for Zooz Power'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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Zooz Power Inventory Turnover Chart

Zooz Power Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

0.10

0.81

0.59

Zooz Power Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	-	0.56	0.31	0.28	0.32

Zooz Power Inventory Turnover Calculation

Zooz Power's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	5.678	/ (	(10.591	+	8.628)	/	2 )
=	5.678	/	9.6095
=	0.59

Zooz Power's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	2.886	/ (	(9.185	+	8.628)	/	2 )
=	2.886	/	8.9065
=	0.32

Zooz Power (XTAE:ZOOZ) 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.

Zooz Power's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	8.9065	/	2.886	*	365 / 2
	=	563.21

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.

Zooz Power's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	8.9065	/	1.852
	=	4.81

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.

Zooz Power Inventory Turnover Related Terms

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Zooz Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zooz Power Ltd (XTAE:ZOOZ) » Definitions » Inventory Turnover

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ZOOZ:USA

Address

4B Hamelacha Street, Lod, ISR, 7152008

Website

https://www.zoozpower.com

Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency and greater flexibility.