|
Kandi Technologies Group Inc (NASDAQ: KNDI) |
|
|
|
| |
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?
|
Select the Comparisons :
|
|
Select the 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 Statistics |
| High |
Average |
Low |
| 10.08 |
4.91 |
1.83 |
| (Sep. 30, 2014) |
|
(Sep 30 2023) |
| 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 plc | 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 |
|
