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Mullen Automotive inc   (MULN)
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Mullen Automotive Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the first quarter 2024, Mullen Automotive Inc 's inventory turnover ratio sequentially decreased to 0.21 in the first quarter 2023, unsurprisingly, as the Mullen Automotive Inc markets continue to deteriorate, and MULN's faces growing challenges to bring down its inventories. Mullen Automotive Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 1738 days, from 652 days, in the Sep 30 2023 quarter.

Within Technology sector 201 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2024, to 463, from total ranking in the forth quarter 2023 at 1957.

MULN Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Mullen Automotive Inc Market Share?

What is Inventory Turnover Ratio?


MULN Inventory Turnover Ratio (Dec 31 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Inventory Growth 341.49 % - - - -
Y / Y Cost of Sales Growth -90.88 % -72.18 % -88.62 % -17.67 % -87.4 %
Inventory Turnover Ratio (TTM) 0.21 0.56 1.25 3.7 7.62
MULN's Total Ranking # 463 # 1957 # 0 # 0 # 0
Average inventory processing period 1770 651 292 99 48
Seq. Inventory Growth 82.78 % 38.37 % 74.57 % 0 % -
Seq. Cost of Sales Growth -68.63 % 35.23 % -65.16 % -38.27 % -4.36 %



Inventory Turnover Ratio Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 14
Technology Sector # 202
Overall Market # 463

Inventory Turnover Ratio Statistics
High Average Low
0.56 0.38 0.21
(Sep 30 2023)   (Dec 31 2023)




Financial Statements
Mullen Automotive Inc 's Inventories $ 31 Millions Visit MULN's Balance sheet
Mullen Automotive Inc 's Cost of Revenues TTM $ 3 Millions Visit MULN's Income Statement
What are MULN's Sales? Visit MULN's Sales by Segment

Other Inventory Turnover Ratios
Mullen Automotive Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Cloud Computing & Data Analytics Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MULN's Inventory Turnover Ratio versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MULN's Competitors
Inventory Turnover Ratio for MULN's Suppliers
Inventory Turnover Ratio for MULN's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Artificial Intelligence Technology Solutions Inc   0.31 $ 0.541  Millions$ 2  Millions
Blacksky Technology Inc   0.30 $ 13.793  Millions$ 46  Millions
Mullen Automotive inc   0.21 $ 3.435  Millions$ 17  Millions
Xerox Holdings Corporation  0.17 $ 130.000  Millions$ 759  Millions

Date modified: 2024-02-16T22:14:20+00:00



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