Nikola (MEX:NKLA) Total Inventories : MXN1,498 Mil (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Nikola Total Inventories?

Nikola's total inventories for the quarter that ended in Sep. 2024 was MXN1,498 Mil. Nikola's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was MXN1,318 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nikola's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was MXN-135.93.

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 Sep. 2024 was 70.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nikola's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.30.

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 Sep. 2024 was 2.66.

Nikola Total Inventories Historical Data

The historical data trend for Nikola'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.

* Premium members only.

Nikola Total Inventories Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

237.90

2,181.02

1,062.38

Nikola Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															992.15	1,062.38	1,018.05	1,138.30	1,497.96

Nikola 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.

Nikola (MEX:NKLA) 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.

Nikola's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3904.606	+	0.75 * 1019.426	+	0.5 * 1497.959	-	12932.53
-	0	-	0)	/	55.283
=	-135.93

2. 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 Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1318.13	/	1715.497	*	365 / 4
	=	70.11

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	1715.497	/	1318.13
	=	1.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1318.13	/	495.821
	=	2.66

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.

Nikola Total Inventories Related Terms

Thank you for viewing the detailed overview of Nikola's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Nikola Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (MEX:NKLA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

NKLAQ:USA 1NKLA:Italy 0A3R:UK

Address

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

Website

https://www.nikolamotor.com

Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.

Nikola Headlines

No Headlines