EVLV (Evolv Technologies Holdings) Total Inventories : $18.60 Mil (As of Jun. 2024)

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What is Evolv Technologies Holdings Total Inventories?

Evolv Technologies Holdings's total inventories for the quarter that ended in Jun. 2024 was $18.60 Mil. Evolv Technologies Holdings's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was $14.81 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Evolv Technologies Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evolv Technologies Holdings's Days Inventory for the three months ended in Jun. 2024 was 122.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evolv Technologies Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.75.

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. Evolv Technologies Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.58.

Evolv Technologies Holdings Total Inventories Historical Data

The historical data trend for Evolv Technologies Holdings's Total Inventories 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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Evolv Technologies Holdings Total Inventories Chart

Evolv Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

1.36

2.74

2.89

10.26

9.51

Evolv Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial													5.03	7.83	9.51	11.01	18.60

Evolv Technologies Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Evolv Technologies Holdings (NAS:EVLV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Evolv Technologies Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(56.455	+	0.75 * 36.428	+	0.5 * 18.604	-	115.444
-	0	-	0)	/	157.474
=	-0.14

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Evolv Technologies Holdings's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	14.8055	/	11.068	*	365 / 4
	=	122.06

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Evolv Technologies Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	11.068	/	14.8055
	=	0.75

4. 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.

Evolv Technologies Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	14.8055	/	25.54
	=	0.58

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Evolv Technologies Holdings Total Inventories Related Terms

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Evolv Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolv Technologies Holdings Inc (NAS:EVLV) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451

Website

https://www.evolvtechnology.com

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Executives

Jay Muelhoefer	officer: Chief Commercial Officer	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Neil Glat	director	950 MCCARTY STREET, BUILDING A, HOUSTON TX 77029
David Mounts Gonzales	director	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Merline Saintil	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Mark Donohue	officer: Chief Financial Officer	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anil Chitkara	officer: Founder & Head of Corp. Dev.	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Peter Gustav George	director, officer: Chief Executive Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Michael Ellenbogen	director, officer: Founder & Head of Adv. Tech.	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anthony John Derosa	officer: Chief Revenue Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Rajan Naik	director	500 WEST MONROE STREET, CHICAGO IL 60661
Kevin M. Charlton	director	14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
John Kedzierski	director	C/O EVOLV TECHNOLOGY, 500 W MONROE STREET, STE 4400, CHICAGO IL 60661-3781
Mario Ramos	officer: Chief Financial Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Gc Entrepreneurs Fund V, Lp	10 percent owner	GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD; SUITE 450, CAMBRIDGE MA 02138
Gates William H Iii	10 percent owner	2365 CARILLON POINT, KIRKLAND WA 98033