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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. Evolv Technologies Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $9.90 Mil. Evolv Technologies Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $10.26 Mil. Evolv Technologies Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.96.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evolv Technologies Holdings's Days Inventory for the three months ended in Mar. 2024 was 94.58.
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. Evolv Technologies Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.
The historical data trend for Evolv Technologies Holdings'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.
Evolv Technologies Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Inventory Turnover | 3.90 | 1.71 | 6.88 | 8.13 | 4.71 |
Evolv Technologies Holdings Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | 1.45 | 1.79 | 1.37 | 1.33 | 0.96 |
Evolv Technologies Holdings'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 ) |
= | 46.589 | / ( | (10.257 | + | 9.507) | / | 2 ) |
= | 46.589 | / | 9.882 | ||||
= | 4.71 |
Evolv Technologies Holdings'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 ) |
= | 9.896 | / ( | (9.507 | + | 11.007) | / | 2 ) |
= | 9.896 | / | 10.257 | ||||
= | 0.96 |
* 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.
Evolv Technologies Holdings (NAS:EVLV) 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.
Evolv Technologies Holdings'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 |
= | 10.257 | / | 9.896 | * | 365 / 4 | |
= | 94.58 |
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.
Evolv Technologies Holdings'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 ) |
= | 10.257 | / | 21.668 | |
= | 0.47 |
* 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
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.
Thank you for viewing the detailed overview of Evolv Technologies Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Ellenbogen | director, officer: Founder & Head of Adv. Tech. | C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Anil Chitkara | officer: Founder & Head of Corp. Dev. | C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Peter Gustav George | director, officer: Chief Executive Officer | C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Anthony John Derosa | officer: Chief Revenue Officer | C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Rajan Naik | director | 500 WEST MONROE STREET, CHICAGO IL 60661 |
David Mounts Gonzales | director | C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Jay Muelhoefer | officer: Chief Commercial Officer | C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Mark Donohue | officer: Chief Financial Officer | C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Kevin M. Charlton | director | 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254 |
John Kedzierski | director | C/O EVOLV TECHNOLOGY, 500 W MONROE STREET, STE 4400, CHICAGO IL 60661-3781 |
Mario Ramos | officer: Chief Financial Officer | C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451 |
Neil Glat | director | 950 MCCARTY STREET, BUILDING A, HOUSTON TX 77029 |
Finback Evolv Obh, Llc | 10 percent owner | 1200 ANASTASIA AVENUE, SUITE 500, CORAL GABLES FL 33134 |
Merline Saintil | director | 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362 |
David J Orfao | director | C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY RD., 4TH FLOOR, CAMBRIDGE MA 02138 |
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