Vicinity Motor Corp asset turnover ratio, the ability of Vicinity Motor Corp 's assets to generate revenue in the first quarter 2024, increased sequentially to 0.36 in the first quarter (Mar 31 2024), yet the ratio remained below the average, as VEV's position remain challenging.

Within sector 23 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the First Quarter 2024 compared to the preceding quarter from 3759 to 3877.

Asset Turnover Ratio Definition

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VEV Asset Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter
Y / Y Asset Change	-11.05 %	24.5 %	43.84 %	28.81 %	34.38 %
Y / Y Revenue Change	399.58 %	-72.43 %	328.45 %	-58.98 %	-
Asset Turnover Ratio (TTM)	0.36	0.22	0.41	0.37	0.5
VEV's Total Ranking	# 3877	# 3759	# 0	# 2974	# 0
Seq. Asset Change	-38.72 %	36.87 %	-2.99 %	9.32 %	-14.23 %
Seq. Revenue Change	159.8 %	-21.52 %	34.78 %	81.8 %	-85.66 %

Asset Turnover Ratio Company Ranking
Within:	No.
EV, Auto & Truck Manufacturers Industry	# 24
Consumer Discretionary Sector	# 169
Overall Market	# 3877

Asset Turnover Ratio Statistics
High	Average	Low
1.84	1.33	0.82
(Dec 31 2022)		(Dec 31 2023)

VEV Company Profile • Back to VEV Efficiency Comparisons • Compare VEV Asset Turnover Ratio to its Competitors

Companies with similar Asset Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Discretionary Sector	Asset Turnover Ratio	Revenues for 12 Months ending Mar 31 2024	Assets at quarter ending Mar 31 2024
Columbia Sportswear Company	1.22	$ 3,435.898 Millions	$ 2,822.498 Millions
A O Smith Corporation	1.20	$ 3,865.100 Millions	$ 3,211.250 Millions
The Toro Company	1.20	$ 4,414.934 Millions	$ 3,681.672 Millions
Vera Bradley Inc	1.19	$ 455.197 Millions	$ 380.952 Millions
Omnitek Engineering Corp	1.19	$ 1.067 Millions	$ 0.893 Millions
Under Armour Inc	1.19	$ 5,702.014 Millions	$ 4,807.883 Millions
Figs Inc	1.18	$ 543.868 Millions	$ 459.236 Millions
Gentherm Incorporated	1.18	$ 1,460.752 Millions	$ 1,239.181 Millions
Hooker Furnishings Corporation	1.17	$ 404.046 Millions	$ 345.932 Millions
Dauch Corporation	1.14	$ 6,191.900 Millions	$ 5,427.450 Millions
Tile Shop Holdings Inc	1.13	$ 365.642 Millions	$ 322.685 Millions
Whirlpool Corp	1.13	$ 19,296.000 Millions	$ 17,138.000 Millions
Masterbrand Inc	1.12	$ 2,687.600 Millions	$ 2,396.025 Millions
Skechers Usa Inc	1.12	$ 8,248.110 Millions	$ 7,365.428 Millions
Oshkosh Corporation	1.12	$ 9,932.700 Millions	$ 8,874.900 Millions
Acuity Inc	1.11	$ 3,850.500 Millions	$ 3,459.275 Millions
Unifi Inc	1.11	$ 575.850 Millions	$ 519.129 Millions
La z boy Incorporated	1.09	$ 2,046.670 Millions	$ 1,876.829 Millions
Guess Inc	1.09	$ 2,797.764 Millions	$ 2,576.650 Millions
Cintas Corporation	1.08	$ 9,410.151 Millions	$ 8,697.817 Millions
Federal Signal Corporation	1.07	$ 1,762.100 Millions	$ 1,646.800 Millions
Bel Fuse Inc	1.06	$ 594.583 Millions	$ 559.614 Millions
Acushnet Holdings Corp	1.06	$ 2,400.945 Millions	$ 2,273.783 Millions
Richardson Electronics Ltd	1.05	$ 206.074 Millions	$ 195.914 Millions
Tandy Leather Factory Inc	1.05	$ 74.723 Millions	$ 71.042 Millions
Standard Motor Products Inc	1.04	$ 1,360.320 Millions	$ 1,311.671 Millions
Interface Inc	1.04	$ 1,255.601 Millions	$ 1,211.296 Millions
Weyco Group inc	1.02	$ 303.312 Millions	$ 297.125 Millions
Peloton Interactive Inc	1.02	$ 2,698.000 Millions	$ 2,654.875 Millions
Levi Strauss and Co	1.02	$ 6,041.150 Millions	$ 5,945.275 Millions

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