Electric Last Mile Solutions (Electric Last Mile Solutions) Change In Inventory : $-6.76 Mil (TTM As of Sep. 2021)

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What is Electric Last Mile Solutions Change In Inventory?

Electric Last Mile Solutions's change in inventory for the quarter that ended in Sep. 2021 was $-6.76 Mil. It means Electric Last Mile Solutions's inventory increased by $6.76 Mil from Jun. 2021 to Sep. 2021 .

Electric Last Mile Solutions's change in inventory for the fiscal year that ended in . 20 was $0.00 Mil. It means Electric Last Mile Solutions's inventory stayed the same from . 20 to . 20 .

Electric Last Mile Solutions's Total Inventories for the quarter that ended in Sep. 2021 was $7.58 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electric Last Mile Solutions's Days Inventory for the quarter that ended in Sep. 2021 was 2,861.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electric Last Mile Solutions's Inventory Turnover for the quarter that ended in Sep. 2021 was 0.03.

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. Electric Last Mile Solutions's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 30.89.

Electric Last Mile Solutions Change In Inventory Historical Data

The historical data trend for Electric Last Mile Solutions's Change In 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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Electric Last Mile Solutions Change In Inventory Chart

Electric Last Mile Solutions Annual Data

Trend

Change In Inventory

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Change In Inventory	-	-6.76

Electric Last Mile Solutions Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.76 Mil.

Electric Last Mile Solutions (OTCPK:ELMSQ) Change In Inventory Explanation

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

Electric Last Mile Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.2015	/	0.134	*	365 / 4
	=	2,861.10

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

Electric Last Mile Solutions's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.134	/	4.2015
	=	0.03

3. 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.

Electric Last Mile Solutions's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.2015	/	0.136
	=	30.89

Electric Last Mile Solutions Change In Inventory Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMSQ) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.

Executives

Dono Thomas Michael Jr	officer: Ch. Legal Officer & Corp. Sec.	882 SIMPSON STREET, PLYMOUTH MI 48170
Jonathan Ballon	officer: Chief Strategy & Digital Ofcr	1055 W SQUARE LAKE ROAD TROY MI 48098
Yao (rob) Song	officer: Treasurer, PAO and Controller	125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Hailiang Hu	officer: Chief Operating Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Richard N. Peretz	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kevork Tro Adjemian	officer: Chief Technical Officer	1055 W. SQUARE LAKE ROAD TROY MI 48098
James Taylor	director, officer: Chief Executive Officer	1070 WEST GUNN ROAD, ROCHESTER MI 48306
Benjamin F Wu	officer: General Counsel and Secretary	1055 W. SQUARE LAKE ROAD TROY MI 48098
Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Albert Li	officer: CFO & Treasurer	1055 W. SQUARE LAKE ROAD TROY MI 48098
Jason Luo	director, 10 percent owner, officer: Executive Chairman & President	1055 W. SQUARE LAKE ROAD TROY MI 48098
Brian M Krzanich	director	1210 MACDONALD RANCH ROAD, HENDERSON NV 89012
Neil Goldberg	director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Forum Capital Management Iii Llc	director, 10 percent owner	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445
Forum Investors Iii Llc	director, 10 percent owner, other: *Director by Deputization	1615 SOUTH CONGRESS AVENUE, SUITE 103 DELRAY BEACH FL 33445