Canoo Inc (GOEV) Inventory Turnover Ratio, from third quarter 2024 to third quarter 2023, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Canoo Inc  (NASDAQ: GOEV)
 

Canoo Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2024, Canoo Inc's inventory turnover ratio sequentially decreased to 0.33 in the third quarter 2024, unsurprisingly, as the Canoo Inc markets continue to deteriorate, and GOEV's faces growing challenges to bring down its inventories. Canoo Inc's average inventory processing period in the Sep 30 2024 quarter, has increased to 1106 days, from 760 days, in the Jun 30 2024 quarter.

Within Consumer Discretionary sector 162 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1281 in the second quarter 2024, to 1621.

GOEV Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Canoo Inc Market Share?

What is Inventory Turnover Ratio?



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GOEV Inventory Turnover Ratio (Sep 30 2024)
III. Quarter		 (Jun 30 2024)
II. Quarter		 (Mar 31 2024)
I. Quarter		 (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter
Y / Y Inventory Growth 74.4 % 75.11 % 33.3 % 108.29 % 343.37 %
Y / Y Cost of Sales Growth -81.17 % - - - -
Inventory Turnover Ratio (TTM) 0.33 0.48 - 0.43 0.19
GOEV's Total Ranking # 1621 # 1281 # 1419 # 1467 # 0
Average inventory processing period 1112 756 - 855 1926
Seq. Inventory Growth 6.57 % 36.69 % 10.6 % 8.25 % 7 %
Seq. Cost of Sales Growth -83 % - - 62.9 % -




Inventory Turnover Ratio Company Ranking
Within: No.
Auto & Truck Parts Industry # 45
Consumer Discretionary Sector # 163
Overall Market # 1621

Inventory Turnover Ratio Statistics
High Average Low
0.48 0.36 0.19
(Jun 30 2024)   (Sep 30 2023)



GOEV Company Profile >> Back to GOEV Efficiency Comparisons >> Compare GOEV Inventory Turnover Ratio to its Competitors

Financial Statements
Canoo Inc's Inventories $ 10 Millions Visit GOEV's Balance sheet
Canoo Inc's Cost of Revenues TTM $ 3 Millions Visit GOEV's Income Statement
What are GOEV's Sales? Visit GOEV's Sales by Segment

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

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2024 Inventories at quarter ending Sep 30 2024
Harley davidson Inc   0.63 $ 484.174  Millions$ 765  Millions
Bollinger Innovations Inc   0.49 $ 16.894  Millions$ 35  Millions
Securetech Innovations Inc   0.44 $ 0.005  Millions$ 0  Millions
Canoo Inc  0.33 $ 2.641  Millions$ 8  Millions
Callaway Golf Company  0.27 $ 186.300  Millions$ 703  Millions
Envirotech Vehicles Inc   0.20 $ 1.363  Millions$ 7  Millions

Date modified: 2026-09-26T07:36:46+00:00




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