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Nikola Corporation  (NKLA)
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Nikola Inventory Turnover Ratio (COS)

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

Nikola Corporation inventory turnover ratio, the Nikola Corporation's ability to sell and replace its inventory in the forth quarter 2023, sequentially increased to 3.02 in the fourth quarter 2023, a new company high. Average inventory processing period, for the Nikola in Dec 31 2023 quarter, has decreased to 121 days, compare to 136 days, in the Sep 30 2023 quarter.

Within Consumer Discretionary sector 59 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 489 in the third quarter 2023, to 631.

NKLA Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Nikola Corporation Market Share?

What is Inventory Turnover Ratio?


NKLA Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth -49.2 % -29.74 % 66.27 % 378.31 % 962.32 %
Y / Y Cost of Sales Growth -23.61 % 126.06 % -11.38 % 2923.83 % -
Inventory Turnover Ratio (TTM) 3.02 2.68 1.86 2.09 2.21
NKLA's Total Ranking # 631 # 489 # 763 # 1634 # 1108
Average inventory processing period 121 136 196 175 166
Seq. Inventory Growth 9.88 % -34.26 % -29.92 % 0.35 % 51.97 %
Seq. Cost of Sales Growth -67.5 % 192.86 % -4.6 % -15.86 % -3.83 %



Inventory Turnover Ratio Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 6
Consumer Discretionary Sector # 60
Overall Market # 631

Inventory Turnover Ratio Statistics
High Average Low
3.02 2.06 0.13
(Dec 31 2023)   (Mar 31 2022)




Financial Statements
Nikola's Inventories $ 63 Millions Visit NKLA's Balance sheet
Nikola's Cost of Revenues TTM $ 249 Millions Visit NKLA's Income Statement
What are NKLA's Sales? Visit NKLA's Sales by Segment

Other Inventory Turnover Ratios
Nikola'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
NKLA'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 NKLA's Competitors
Inventory Turnover Ratio for NKLA's Suppliers
Inventory Turnover Ratio for NKLA's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Garrett Motion Inc   10.70 $ 3,130.000  Millions$ 293  Millions
Visteon Corporation  10.64 $ 3,467.000  Millions$ 326  Millions
Graybar Electric Company Inc   9.50 $ 8,818.600  Millions$ 928  Millions
Ford Motor Co  8.87 $ 150,550.000  Millions$ 16,973  Millions
Luminar Technologies Inc   8.86 $ 142.000  Millions$ 16  Millions
General Motors Company  8.09 $ 141,330.000  Millions$ 17,468  Millions
Jakks Pacific Inc   7.79 $ 488.000  Millions$ 63  Millions
Otis Worldwide Corporation  7.69 $ 4,843.000  Millions$ 630  Millions
Cintas Corporation  7.47 $ 3,756.496  Millions$ 503  Millions
Borgwarner Inc   7.38 $ 11,630.000  Millions$ 1,575  Millions
Whirlpool Corp  6.88 $ 16,285.000  Millions$ 2,368  Millions
Aptiv Plc  6.88 $ 16,612.000  Millions$ 2,416  Millions
Sleep Number Corporation  6.79 $ 798.000  Millions$ 117  Millions
Shyft Group Inc   6.69 $ 721.000  Millions$ 108  Millions
Commercial Vehicle Group Inc   6.52 $ 860.000  Millions$ 132  Millions
Ree Automotive Ltd   6.48 $ 3.000  Millions$ 0  Millions
Masterbrand Inc   6.14 $ 1,824.800  Millions$ 297  Millions
Modine Manufacturing Co  5.91 $ 1,953.200  Millions$ 330  Millions
Dana Inc   5.64 $ 9,655.000  Millions$ 1,711  Millions
Tesla Inc   5.64 $ 79,113.000  Millions$ 14,020  Millions
Novo Integrated Sciences Inc   5.64 $ 5.978  Millions$ 1  Millions
Steven Madden Ltd   5.59 $ 1,149.168  Millions$ 206  Millions
Acuity Brands Inc   5.51 $ 2,163.600  Millions$ 393  Millions
Tempur Sealy International Inc   5.42 $ 2,796.000  Millions$ 516  Millions
Lsi Industries Inc   5.28 $ 336.038  Millions$ 64  Millions
Arrow Electronics Inc   5.27 $ 28,958.102  Millions$ 5,493  Millions
Carter s Inc  5.05 $ 3,099.318  Millions$ 613  Millions
Wesco International Inc   4.86 $ 17,541.500  Millions$ 3,607  Millions
Patrick Industries Inc   4.86 $ 2,685.000  Millions$ 553  Millions
A O Smith Corporation  4.67 $ 2,368.000  Millions$ 507  Millions

Date modified: 2024-02-29T15:26:50+00:00



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