Nxu (NXU) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Nxu 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. Nxu's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.02 Mil. Nxu's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nxu's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Nxu's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Nxu Inventory Turnover Historical Data

The historical data trend for Nxu'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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Nxu Inventory Turnover Chart

Nxu Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

10.50

Nxu Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					-	-	1.09	-	-

Nxu Inventory Turnover Calculation

Nxu'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 )
=	1.029	/ (	(0.098	+	0)	/	1 )
=	1.029	/	0.098
=	10.50

Nxu'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 )
=	0.021	/ (	(0	+	0)	/	1 )
=	0.021	/	0
=	N/A

Nxu (NAS:NXU) 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.

Nxu'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
	=	0	/	0.021	*	365 / 4
	=	0.00

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.

Nxu'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 )
	=	0	/	0.004
	=	0.00

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.

Nxu Inventory Turnover Related Terms

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Nxu (NXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nxu Inc (NAS:NXU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1828 N Higley Road, Suite 116, Mesa, AZ, USA, 85205

Website

https://www.nxuenergy.com

Nxu Inc is engaged in Research & development, and manufacturing of Scalable battery packs. The company is making 15-minute charge times possible for the most demanding equipment and vehicle applications. It has Increased energy density, packaging efficiency, and superior thermodynamics making Qcells the solution to today's electrification problem. The company's Products include Qcell, Qube, and Qube Plus.

Executives

Gem Global Yield Llc Scs	10 percent owner	12C, RUE GUILLAUME J. KROLL, LUXEMBOURG N4 L-1882
Jessica Billingsley	director	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Britt E Ide	director	345 BOBWHITE COURT, SUITE 200, BOISE ID 83706
Caryn M. Nightengale	director	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Annie Pratt	director, 10 percent owner, officer: President	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Apoorv Dwivedi	officer: Chief Financial Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Mark Hanchett	director, 10 percent owner, officer: Chief Executive Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Kate Sieker	officer: VP of People	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Bourgeois Benoit Le	officer: VP of User Experience	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Charles David Apps	officer: VP of Operations	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205