Lucid Group (Lucid Group) Change In Inventory : $-324.9 Mil (TTM As of Mar. 2024)

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What is Lucid Group Change In Inventory?

Lucid Group's change in inventory for the quarter that ended in Mar. 2024 was $-21.0 Mil. It means Lucid Group's inventory increased by $21.0 Mil from Dec. 2023 to Mar. 2024 .

Lucid Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-658.0 Mil. It means Lucid Group's inventory increased by $658.0 Mil from Dec. 2022 to Dec. 2023 .

Lucid Group's Total Inventories for the quarter that ended in Mar. 2024 was $565.7 Mil.

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 quarter that ended in Mar. 2024 was 142.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lucid Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

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 quarter that ended in Mar. 2024 was 3.65.

Lucid Group Change In Inventory Historical Data

The historical data trend for Lucid Group'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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Lucid Group Change In Inventory Chart

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.19

-0.36

-175.09

-1,256.35

-658.01

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial											-354.15	-93.81	-127.97	-82.08	-21.00

Lucid Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-324.9 Mil.

Lucid Group (NAS:LCID) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	630.9445	/	404.796	*	365 / 4
	=	142.23

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

Lucid Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	404.796	/	630.9445
	=	0.64

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.

Lucid Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	630.9445	/	172.74
	=	3.65

Lucid Group Change In Inventory Related Terms

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Lucid Group (Lucid Group) Business Description

Industry

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