Aeva Technologies (Aeva Technologies) Days Inventory : 93.09 (As of Dec. 2023)

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What is Aeva Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aeva Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $2.53 Mil. Aeva Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.48 Mil. Hence, Aeva Technologies's Days Inventory for the three months ended in Dec. 2023 was 93.09.

The historical rank and industry rank for Aeva Technologies's Days Inventory or its related term are showing as below:

AEVA' s Days Inventory Range Over the Past 10 Years
Min: 95.29 Med: 105.51 Max: 162.33
Current: 98.86

During the past 5 years, Aeva Technologies's highest Days Inventory was 162.33. The lowest was 95.29. And the median was 105.51.

AEVA's Days Inventory is ranked worse than
79.85% of 1563 companies
in the Software industry
Industry Median: 19.71 vs AEVA: 98.86

Aeva Technologies's Days Inventory increased from Dec. 2022 (61.42) to Dec. 2023 (93.09). It might indicate that Aeva Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aeva Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.98.

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. Aeva Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.57.

Aeva Technologies Days Inventory Historical Data

The historical data trend for Aeva Technologies's Days Inventory 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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Aeva Technologies Days Inventory Chart

Aeva Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

162.33

102.69

108.33

95.29

Aeva Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												61.42	107.47	99.33	99.00	93.09

Competitive Comparison of Aeva Technologies's Days Inventory

For the Software - Infrastructure subindustry, Aeva Technologies's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aeva Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Aeva Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Aeva Technologies's Days Inventory falls into.

Aeva Technologies Days Inventory Calculation

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

Aeva Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.951	+	2.374)	/	2 )	/	10.198	*	365
=	2.6625					/	10.198	*	365
=	95.29

Aeva Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.692	+	2.374)	/	2 )	/	2.483	*	365 / 4
=	2.533					/	2.483	*	365 / 4
=	93.09

Aeva Technologies (NYSE:AEVA) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Aeva Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.483	/	2.533
	=	0.98

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.

Aeva Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.533	/	1.611
	=	1.57

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Aeva Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Aeva Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Aeva Technologies (Aeva Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeva Technologies Inc (NYSE:AEVA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Ellis Street, Mountain View, CA, USA, 94043

Website

https://www.aeva.ai

Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Executives

Stephen Paul Zadesky	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Sylebra Capital Ltd	director, 10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Soroush Salehian Dardashti	director, 10 percent owner, officer: Chief Executive Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Erin L Polek	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Eberle Christopher G Jr	director	14 E. 4TH ST SUITE 405, NEW YORK NY 10012
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Saurabh Sinha	officer: Chief Financial Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Peter Hebert	10 percent owner	C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Shahin Farshchi	director	11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025
Hrach Simonian	director	285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880
Mina Rezk	director, 10 percent owner, officer: President & CTO	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p.	10 percent owner	C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Partners, Llc	10 percent owner	C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Venture Partners Iv, Llc	10 percent owner	920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010