Electrameccanica Vehicles (SOLO) Inventory Turnover Ratio, from fourth quarter 2023 to fourth quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Electrameccanica Vehicles Corp   (NASDAQ: SOLO)
 

Electrameccanica Vehicles Inventory Turnover Ratio (COS)

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

Electrameccanica Vehicles 's inventory turnover ratio, the ratio that measures Electrameccanica Vehicles 's ability to manage its supply chain, sequentially decreased to 0.65 in the fourth quarter 2023, which does not come as a surprise, as the Electrameccanica Vehicles continue to experience headwinds, which also impact its supply chain. Electrameccanica Vehicles 's average inventory processing period in the Dec 31 2023 quarter, has increased to 562 days, from 70 days, in the Sep 30 2023 quarter.

Within Consumer Discretionary sector 169 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 171 in the third quarter 2023, to 1065.

SOLO Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Electrameccanica Vehicles Corp Market Share?

What is Inventory Turnover Ratio?



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SOLO 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 -85.36 % 379.51 % - - -
Y / Y Cost of Sales Growth -98.04 % 11.16 % 44.38 % 1354.65 % 26515.41 %
Inventory Turnover Ratio (TTM) 0.65 5.23 5.74 6.36 7.22
SOLO's Total Ranking # 1065 # 171 # 0 # 0 # 0
Average inventory processing period 561 70 64 57 51
Seq. Inventory Growth -9.69 % 21.28 % -12.59 % -84.71 % 2858.95 %
Seq. Cost of Sales Growth 88.51 % 0 % -15.7 % -98.77 % 10596.18 %




Inventory Turnover Ratio Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 23
Consumer Discretionary Sector # 170
Overall Market # 1065

Inventory Turnover Ratio Statistics
High Average Low
10.06 5.54 1.01
(Sep 30 2023)   (Dec 31 2023)



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

Financial Statements
Electrameccanica Vehicles 's Inventories $ 3 Millions Visit SOLO's Balance sheet
Electrameccanica Vehicles 's Cost of Revenues TTM $ 2 Millions Visit SOLO's Income Statement
What are SOLO's Sales? Visit SOLO's Sales by Segment

Other Inventory Turnover Ratios
Electrameccanica Vehicles '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
SOLO'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 SOLO's Competitors
Inventory Turnover Ratio for SOLO's Suppliers
Inventory Turnover Ratio for SOLO's Customers

You may also want to know
SOLO's Sales Growth Rates SOLO's Pe Price to earnings ratio SOLO's Receivables Turnover Ratio SOLO's Stock Quote
SOLO's Net Income Growth Rates SOLO's Ps Price to Sales ratio SOLO's Sales per Employee SOLO's Asset Turnover Ratio
SOLO's Net Margin SOLO's Pb Price to Book ratio SOLO's Financial Strength Ratios SOLO'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
Crown Crafts Inc  1.81 $ 64.000  Millions$ 35  Millions
Compass Diversified Holdings  1.77 $ 1,001.133  Millions$ 567  Millions
Allbirds Inc   1.75 $ 149.000  Millions$ 85  Millions
Empery Digital Inc   1.70 $ 11.391  Millions$ 7  Millions
Movado Group Inc   1.69 $ 301.470  Millions$ 178  Millions
Capri Holdings Ltd  1.68 $ 1,843.000  Millions$ 1,095  Millions
Solo Brands Inc   1.65 $ 192.000  Millions$ 116  Millions
Vera Bradley Inc   1.61 $ 213.237  Millions$ 132  Millions
Lanvin Group Holdings Limited  1.60 $ 189.546  Millions$ 119  Millions
General Electric Company  1.57 $ 22,939.000  Millions$ 14,573  Millions
Johnson Outdoors Inc   1.56 $ 388.442  Millions$ 249  Millions
Kandi Technologies Group Inc   1.55 $ 82.919  Millions$ 53  Millions
Delta Apparel Inc  1.54 $ 339.000  Millions$ 220  Millions
Richardson Electronics Ltd   1.44 $ 156.385  Millions$ 109  Millions
Omnitek Engineering Corp   1.41 $ 0.645  Millions$ 0  Millions
Leatt Corporation  1.41 $ 27.435  Millions$ 20  Millions
Rocky Brands Inc   1.40 $ 283.000  Millions$ 202  Millions
Livewire Group Inc   1.37 $ 43.795  Millions$ 32  Millions
Tile Shop Holdings Inc   1.29 $ 133.281  Millions$ 104  Millions
Ermenegildo Zegna N v   1.28 $ 740.755  Millions$ 578  Millions
Energy Focus Inc  1.12 $ 5.494  Millions$ 5  Millions
Figs Inc   1.10 $ 168.000  Millions$ 153  Millions
Clarus Corporation  1.09 $ 143.793  Millions$ 132  Millions
Workhorse Group Inc   1.06 $ 38.000  Millions$ 36  Millions
Ideanomics inc   1.04 $ 22.570  Millions$ 22  Millions
American Outdoor Brands Inc   1.04 $ 107.129  Millions$ 103  Millions
Electrameccanica Vehicles Corp   1.01 $ 3.099  Millions$ 3  Millions
Xos Inc   0.92 $ 45.813  Millions$ 50  Millions
Taitron Components Inc  0.90 $ 2.660  Millions$ 3  Millions
Tandy Leather Factory Inc  0.83 $ 31.000  Millions$ 37  Millions

Date modified: 2026-10-15T05:23:31+00:00




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