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Kandi Technologies Group Inc   (KNDI)
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Kandi Technologies Group Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the third quarter 2023, Kandi Technologies Group Inc 's inventory turnover ratio sequentially decreased to 1.83 in the third quarter 2023, unsurprisingly, as the Kandi Technologies Group Inc markets continue to deteriorate, and KNDI's faces growing challenges to bring down its inventories. Kandi Technologies Group Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 199 days, from 182 days, in the Jun 30 2023 quarter.

Within Consumer Discretionary sector 125 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 797 in the second quarter 2023, to 954.

KNDI Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Kandi Technologies Group Inc Market Share?

What is Inventory Turnover Ratio?


KNDI Inventory Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Inventory Growth 32.48 % 36.17 % 52.79 % 22.02 % 59.7 %
Y / Y Cost of Sales Growth -6.58 % 22.6 % -34.09 % 17.73 % 94.39 %
Inventory Turnover Ratio (TTM) 1.83 2.01 2.09 2.5 2.5
KNDI's Total Ranking # 954 # 797 # 1042 # 1362 # 1460
Average inventory processing period 199 182 175 146 146
Seq. Inventory Growth 1.32 % 20.73 % 16.87 % -7.32 % 4.14 %
Seq. Cost of Sales Growth 14.8 % 49.79 % -51.15 % 11.21 % 50.67 %



Inventory Turnover Ratio Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 13
Consumer Discretionary Sector # 126
Overall Market # 954

Inventory Turnover Ratio Statistics
High Average Low
10.08 4.91 1.83
(Sep. 30, 2014)   (Sep 30 2023)




Financial Statements
Kandi Technologies Group Inc 's Inventories $ 58 Millions Visit KNDI's Balance sheet
Kandi Technologies Group Inc 's Cost of Revenues TTM $ 93 Millions Visit KNDI's Income Statement
What are KNDI's Sales? Visit KNDI's Sales by Segment

Other Inventory Turnover Ratios
Kandi Technologies Group Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
EV, Auto & Truck Manufacturers Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
KNDI's Inventory Turnover Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for KNDI's Competitors
Inventory Turnover Ratio for KNDI's Suppliers
Inventory Turnover Ratio for KNDI's Customers

You may also want to know
KNDI's Sales Growth Rates KNDI's Pe Price to earnings ratio KNDI's Receivables Turnover Ratio KNDI's Stock Quote
KNDI's Net Income Growth Rates KNDI's Ps Price to Sales ratio KNDI's Sales per Employee KNDI's Asset Turnover Ratio
KNDI's Net Margin KNDI's Pb Price to Book ratio KNDI's Financial Strength Ratios KNDI's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Avnet Inc   4.26 $ 22,960.000  Millions$ 5,387  Millions
La z boy Incorporated  4.26 $ 1,190.507  Millions$ 279  Millions
Funko Inc   4.17 $ 819.969  Millions$ 197  Millions
Eaco Corp  4.12 $ 226.000  Millions$ 55  Millions
Nova Lifestyle Inc   4.11 $ 13.760  Millions$ 3  Millions
Oshkosh Corporation  4.07 $ 7,833.200  Millions$ 1,923  Millions
Crocs inc   3.99 $ 1,771.695  Millions$ 444  Millions
Unifi Inc   3.99 $ 576.000  Millions$ 144  Millions
China Automotive Systems inc   3.99 $ 420.129  Millions$ 105  Millions
Te Connectivity ltd   3.96 $ 10,979.000  Millions$ 2,773  Millions
Applied Uv Inc   3.88 $ 28.986  Millions$ 7  Millions
Federal Signal Corporation  3.87 $ 1,238.400  Millions$ 320  Millions
Universal Security Instruments Inc  3.85 $ 15.719  Millions$ 4  Millions
Emerson Electric Co   3.81 $ 7,738.000  Millions$ 2,031  Millions
Gentex Corporation  3.74 $ 1,489.837  Millions$ 398  Millions
The Goodyear Tire and Rubber Company  3.71 $ 16,997.000  Millions$ 4,586  Millions
Bowflex Inc   3.55 $ 203.959  Millions$ 57  Millions
Rev Group Inc   3.53 $ 2,321.000  Millions$ 657  Millions
J jill Inc   3.49 $ 180.442  Millions$ 52  Millions
Lci Industries  3.46 $ 3,079.564  Millions$ 890  Millions
Aeva Technologies Inc   3.44 $ 9.845  Millions$ 3  Millions
Orion Energy Systems Inc   3.34 $ 62.854  Millions$ 19  Millions
Power Solutions International Inc   3.32 $ 381.591  Millions$ 115  Millions
Chase Corporation  3.26 $ 258.574  Millions$ 79  Millions
Brunswick Corporation  3.24 $ 4,771.300  Millions$ 1,473  Millions
Mohawk Industries Inc   3.21 $ 8,552.000  Millions$ 2,666  Millions
Rivian Automotive Inc   3.16 $ 6,206.000  Millions$ 1,966  Millions
Oxford Industries inc   3.15 $ 566.817  Millions$ 180  Millions
Mattel Inc  3.12 $ 2,825.408  Millions$ 904  Millions
Traeger Inc   3.05 $ 370.410  Millions$ 121  Millions

Date modified: 2023-11-09T23:17:55+00:00



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