Xos (XOS) Inventory Turnover : 0.28 (As of Mar. 2024)

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What is Xos 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. Xos's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.37 Mil. Xos's Average Total Inventories for the quarter that ended in Mar. 2024 was $37.23 Mil. Xos's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xos's Days Inventory for the three months ended in Mar. 2024 was 327.49.

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. Xos's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.83.

Xos Inventory Turnover Historical Data

The historical data trend for Xos'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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Xos Inventory Turnover Chart

Xos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.25

0.45

1.50

0.96

Xos Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										0.10	0.15	0.28	0.39	0.28

Xos Inventory Turnover Calculation

Xos'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 )
=	45.813	/ (	(57.54	+	37.843)	/	2 )
=	45.813	/	47.6915
=	0.96

Xos'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 )
=	10.374	/ (	(37.843	+	36.621)	/	2 )
=	10.374	/	37.232
=	0.28

Xos (NAS:XOS) 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.

Xos'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
	=	37.232	/	10.374	*	365 / 4
	=	327.49

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.

Xos'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 )
	=	37.232	/	13.162
	=	2.83

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.

Xos Inventory Turnover Related Terms

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Xos (XOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xos Inc (NAS:XOS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

9KR0:Germany

Address

3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065

Website

https://www.xostrucks.com

Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.

Executives

Jose Castaneda	officer: VP, Business Development	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan	officer: Acting Chief Financial Officer	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
George N Mattson	director	C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber	officer: Chief Technology Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni	director, officer: Chief Operating Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler	director, officer: Chief Executive Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp	director	100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein	director	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Christen T Romero	officer: General Counsel	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Anousheh Ansari	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson	director	1800 LARIMER STREET, DENVER CO 80202
Burt Jordan	director	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe	officer: Chief Financial Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co.	10 percent owner	P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust	10 percent owner	3211 MULHOLLAND HIGHWAY, MALIBU CA 90265