ZEVY (Lightning eMotors) Inventory Turnover: 1.20 (As of Sep. 2023)

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ZEVY Lightning eMotors Inc ZEVY
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What is Lightning eMotors Inventory Turnover?

Lightning eMotors ZEVY 12 Inventory Turnover is 1.20 as of Sep. 2023. GuruFocus rates ZEVY 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. Lightning eMotors's Cost of Goods Sold for the three months ended in Sep. 2023 was $45.69 Mil. Lightning eMotors's Average Total Inventories for the quarter that ended in Sep. 2023 was $38.18 Mil. Lightning eMotors's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lightning eMotors's Days Inventory for the three months ended in Sep. 2023 was 76.25.

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. Lightning eMotors's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.09.

Lightning eMotors  (OTCPK:ZEVY) 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.

Lightning eMotors'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
=38.1805/45.694*365 / 4
=76.25

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.

Lightning eMotors'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 )
=38.1805 / 12.366
=3.09

* 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.

Lightning eMotors Inventory Turnover Related Terms

Lightning eMotors Inventory Turnover Historical Data

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The historical data trend for Lightning eMotors'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.

Lightning eMotors Inventory Turnover Chart

Lightning eMotors Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Inventory Turnover
1.06 2.28 2.58 1.18

Lightning eMotors Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.47 0.22 0.17 0.25 1.20
ZEVY
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Lightning eMotors Inc ZEVY
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Lightning eMotors Inventory Turnover Calculation

Lightning eMotors'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 )
=36.251 / ((14.621 + 47.066) / 2 )
=36.251 / 30.8435
=1.18

Lightning eMotors'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 )
=45.694 / ((57.147 + 19.214) / 2 )
=45.694 / 38.1805
=1.20

* 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 1.20 mean?
Lightning eMotors (ZEVY) has a Inventory Turnover of 1.20 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lightning eMotors and its competitors.
Is Lightning eMotors' Inventory Turnover too high?
Lightning eMotors' current Inventory Turnover is 1.20. Overall, Lightning eMotors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lightning eMotors' Inventory Turnover compare to AMMX and CEAD?
Lightning eMotors' Inventory Turnover of 1.20 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 Lightning eMotors and its competitors. Lightning eMotors's current Inventory Turnover is 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning eMotors stock overvalued right now?
Lightning eMotors (ZEVY) has a current Inventory Turnover of 1.20. The current Inventory Turnover is 1.20. Lightning eMotors' 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 Lightning eMotors (ZEVY), the current Inventory Turnover is 1.20 as of Sep. 2023. 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.

Lightning eMotors Business Description

Address 815 14th Street South West, Suite A100, Loveland, CO, USA, 80537
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
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