Proterra (MEX:PTRA) Inventory Turnover : 0.35 (As of Sep. 2023)

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What is Proterra 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. Proterra's Cost of Goods Sold for the three months ended in Sep. 2023 was MXN1,700 Mil. Proterra's Average Total Inventories for the quarter that ended in Sep. 2023 was MXN4,801 Mil. Proterra's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Proterra's Days Inventory for the three months ended in Sep. 2023 was 257.75.

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. Proterra's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.20.

Proterra Inventory Turnover Historical Data

The historical data trend for Proterra'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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Proterra Inventory Turnover Chart

Proterra Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

2.05

2.36

2.30

Proterra Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial									0.62	0.59	0.44	0.39	0.35

Proterra Inventory Turnover Calculation

Proterra's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	6499.09	/ (	(2350.002	+	3305.878)	/	2 )
=	6499.09	/	2827.94
=	2.30

Proterra's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1699.701	/ (	(5010.253	+	4591.795)	/	2 )
=	1699.701	/	4801.024
=	0.35

Proterra (MEX:PTRA) 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.

Proterra's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	4801.024	/	1699.701	*	365 / 4
	=	257.75

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.

Proterra's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4801.024	/	1500.603
	=	3.20

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.

Proterra Inventory Turnover Related Terms

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Proterra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Proterra Inc (MEX:PTRA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1815 Rollins Road, Burlingame, CA, USA, 94010

Website

https://www.proterra.com

Proterra Inc is a developer and producer of zero-emission electric vehicle and EV technology solutions for commercial applications. The company designs, develops, manufactures, and sells electric transit buses as an original equipment manufacturer for North American public transit agencies, airports, universities, and other commercial transit fleets. It also designs, develops, manufactures, sells, and integrates proprietary battery systems and electrification solutions for commercial vehicle manufacturers. Additionally, Proterra provides fleet-scale, high-power charging solutions for its customers. Geographically, it derives a majority of its revenue from the United States.

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