Microvast Holdings (Microvast Holdings) Inventory Turnover : 0.45 (As of Mar. 2024)

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What is Microvast Holdings 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. Microvast Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $64.1 Mil. Microvast Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $143.5 Mil. Microvast Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Microvast Holdings's Days Inventory for the three months ended in Mar. 2024 was 204.25.

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. Microvast Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.76.

Microvast Holdings Inventory Turnover Historical Data

The historical data trend for Microvast 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.

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Microvast Holdings Inventory Turnover Chart

Microvast Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.01

3.96

2.84

2.13

Microvast Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.49	0.73	0.58	0.59	0.45

Microvast Holdings Inventory Turnover Calculation

Microvast 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 )
=	249.39	/ (	(84.252	+	149.749)	/	2 )
=	249.39	/	117.0005
=	2.13

Microvast 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 )
=	64.126	/ (	(149.749	+	137.33)	/	2 )
=	64.126	/	143.5395
=	0.45

Microvast Holdings (NAS:MVST) 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.

Microvast 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
	=	143.5395	/	64.126	*	365 / 4
	=	204.25

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.

Microvast 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 )
	=	143.5395	/	81.351
	=	1.76

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.

Microvast Holdings Inventory Turnover Related Terms

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Microvast Holdings (Microvast Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Microvast Holdings Inc (NAS:MVST) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

2OZA:Germany 2OZA:Germany 2OZ:Germany

Address

12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477

Website

https://www.microvast.com

Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. The company is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.

Executives

Yanzhuan Zheng	director, officer: CFO, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Craig Webster	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Zachariah Ward	officer: President, Microvast Energy	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yeelong Balladon	director	C/O MICROVAST HOLDINGS, INC., 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Shane Smith	officer: COO & President, Microvast US	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Stephen A Vogel	director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Sarah Beth Alexander	officer: General Counsel	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Michael Stanley Whittingham	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yang Wu	director, 10 percent owner, officer: CEO, COB, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wong Arthur Lap Tat	director	C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Shengxian Wu	officer: CEO, Microvast China	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Sascha Rene Kelterborn	officer: CRO & Man. Dir. Microvast EMEA	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wenjuan Mattis	officer: Chief Technology Officer (CTO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Lu Gao	officer: Chief Accounting Officer (CAO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wei Ying	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477