Aeva Technologies (Aeva Technologies) Inventory Turnover : 1.54 (As of Mar. 2024)

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What is Aeva Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Aeva Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.50 Mil. Aeva Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was $2.27 Mil. Aeva Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.54.

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 three months ended in Mar. 2024 was 59.16.

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 quarter that ended in Mar. 2024 was 1.08.

Aeva Technologies Inventory Turnover Historical Data

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

Aeva Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.25

3.55

3.37

3.83

Aeva Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													0.85	0.92	0.92	0.98	1.54

Aeva Technologies Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	10.198	/ (	(2.951	+	2.374)	/	2 )
=	10.198	/	2.6625
=	3.83

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3.499	/ (	(2.374	+	2.163)	/	2 )
=	3.499	/	2.2685
=	1.54

Aeva Technologies (NYSE:AEVA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.2685	/	3.499	*	365 / 4
	=	59.16

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.2685	/	2.107
	=	1.08

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Aeva Technologies Inventory Turnover Related Terms

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Aeva Technologies (Aeva Technologies) Business Description

Industry

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

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