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Days Inventory is also known as Days Sales of Inventory (DSI). Aeva Technologies's Average Total Inventories for the three months ended in Mar. 2024 was $2.27 Mil. Aeva Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.50 Mil. Hence, Aeva Technologies's Days Inventory for the three months ended in Mar. 2024 was 59.16.
The historical rank and industry rank for Aeva Technologies's Days Inventory or its related term are showing as below:
During the past 5 years, Aeva Technologies's highest Days Inventory was 162.33. The lowest was 85.12. And the median was 105.51.
Aeva Technologies's Days Inventory declined from Mar. 2023 (107.47) to Mar. 2024 (59.16).
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 Mar. 2024 was 1.54.
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 Mar. 2024 was 1.08.
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.
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 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 107.47 | 99.33 | 99.00 | 93.09 | 59.16 |
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.
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.
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 Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (2.374 | + | 2.163) | / | 2 ) | / | 3.499 | * | 365 / 4 |
= | 2.2685 | / | 3.499 | * | 365 / 4 | ||||
= | 59.16 |
* 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.
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 Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 3.499 | / | 2.2685 | |
= | 1.54 |
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 Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 2.2685 | / | 2.107 | |
= | 1.08 |
* 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.
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.
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.
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 |
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