Lucid Group (Lucid Group) Days Inventory : 166.38 (As of Dec. 2023)

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What is Lucid Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lucid Group's Average Total Inventories for the three months ended in Dec. 2023 was $747.6 Mil. Lucid Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $410.0 Mil. Hence, Lucid Group's Days Inventory for the three months ended in Dec. 2023 was 166.38.

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

LCID' s Days Inventory Range Over the Past 10 Years
Min: 106.62 Med: 134.14 Max: 158.25
Current: 158.25

During the past 5 years, Lucid Group's highest Days Inventory was 158.25. The lowest was 106.62. And the median was 134.14.

LCID's Days Inventory is ranked worse than
84.94% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.83 vs LCID: 158.25

Lucid Group's Days Inventory increased from Dec. 2022 (112.69) to Dec. 2023 (166.38). It might indicate that Lucid Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lucid Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.55.

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. Lucid Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.76.

Lucid Group Days Inventory Historical Data

The historical data trend for Lucid Group'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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Lucid Group Days Inventory Chart

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

124.00

151.16

106.62

144.28

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										112.69	168.82	153.29	160.15	166.38

Competitive Comparison of Lucid Group's Days Inventory

For the Auto Manufacturers subindustry, Lucid Group'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.

Lucid Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lucid Group's Days Inventory falls into.

Lucid Group Days Inventory Calculation

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

Lucid Group'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
=	( (834.401	+	696.236)	/	2 )	/	1936.066	*	365
=	765.3185					/	1936.066	*	365
=	144.28

Lucid Group'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
=	( (798.974	+	696.236)	/	2 )	/	410.015	*	365 / 4
=	747.605					/	410.015	*	365 / 4
=	166.38

Lucid Group (NAS:LCID) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	410.015	/	747.605
	=	0.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	747.605	/	157.151
	=	4.76

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.

Lucid Group Days Inventory Related Terms

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

Lucid Group (Lucid Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (NAS:LCID) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LCID:Mexico CH2A:Germany

Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

Executives

Michael Bell	officer: Senior Vice President, Digital	C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Ayar Third Investment Co	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Investment Fund Public	director, 10 percent owner	THE PUBLIC INVESTMENT FUND TOWER,, KING ABDULLAH FINANCIAL DISTRICT (KAFD), AL AQIQ DISTRICT, RIYADH T0 13519
Eric Bach	officer: SVP, Product & Chief Engineer	7373 GATEWAY BLVD,, NEWARK CA 94560
Sherry Ann House	officer: Chief Financial Officer	7373 GATEWAY BLVD,, NEWARK CA 94560
Peter Dore Rawlinson	director, officer: CEO & Chief Technology Officer	7373 GATEWAY BLVD, NEWARK CA 94560
Gagan Dhingra	officer: VP of Acctng & Internal Ctrl	50 HAWTHORNE ST, SAN FRANCISCO CA 94105
Chabi Nouri	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Sherif Marakby	director	6061 FAIRBORN DR, CANTON MI 48187
Ori Winitzer	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Glenn R August	director	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Turqi A. Alnowaiser	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Anthony L Posawatz	director	8071 PINE FOREST CT, DAVISBURY MI 48350
Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Janet S. Wong	director	2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576