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

Due to inventory build up in the fourth quarter 2023, Electrameccanica Vehicles 's inventory turnover ratio sequentially decreased to 0.95 in the fourth quarter 2023, unsurprisingly, as the Electrameccanica Vehicles markets continue to deteriorate, and SOLO's faces growing challenges to bring down its inventories. Electrameccanica Vehicles 's average inventory processing period in the Dec 31 2023 quarter, has increased to 384 days, from 55 days, in the Sep 30 2023 quarter.

Within Consumer Discretionary sector 164 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 -88.06 % - - - -
Y / Y Cost of Sales Growth -98.04 % 11.16 % 44.38 % 1354.65 % 26515.41 %
Inventory Turnover Ratio (TTM) 0.95 6.63 7.21 7.65 8.95
SOLO's Total Ranking # 1065 # 171 # 0 # 0 # 0
Average inventory processing period 386 55 51 48 41
Seq. Inventory Growth 8.56 % 42.62 % -57.91 % -81.67 % -
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 # 21
Consumer Discretionary Sector # 165
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 $ 2 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
Flexsteel Industries Inc   2.66 $ 318.366  Millions$ 120  Millions
Airwa Inc   2.66 $ 5.666  Millions$ 2  Millions
Bassett Furniture Industries Incorporated  2.62 $ 183.000  Millions$ 70  Millions
Skechers Usa Inc  2.61 $ 3,847.000  Millions$ 1,474  Millions
The Toro Company  2.61 $ 2,879.084  Millions$ 1,104  Millions
Brownie s Marine Group Inc   2.61 $ 5.473  Millions$ 2  Millions
Under Armour Inc   2.59 $ 3,132.017  Millions$ 1,211  Millions
Lululemon Athletica Inc   2.57 $ 4,009.000  Millions$ 1,557  Millions
Kontoor Brands Inc   2.54 $ 1,519.635  Millions$ 598  Millions
The Dixie Group Inc  2.54 $ 202.464  Millions$ 80  Millions
Interactive Strength Inc   2.53 $ 6.490  Millions$ 3  Millions
Nocopi Technologies Inc   2.45 $ 0.982  Millions$ 0  Millions
Pvh Corp   2.41 $ 3,854.500  Millions$ 1,603  Millions
Wolverine World Wide Inc   2.37 $ 1,370.000  Millions$ 578  Millions
Fossil Group inc   2.36 $ 732.000  Millions$ 310  Millions
Lucid Group Inc   2.30 $ 1,936.066  Millions$ 841  Millions
Container Store Group Inc   2.26 $ 383.703  Millions$ 169  Millions
Xmax Inc   2.25 $ 5.998  Millions$ 3  Millions
Voxx International Corporation  2.17 $ 369.202  Millions$ 170  Millions
Acushnet Holdings Corp   2.15 $ 1,260.259  Millions$ 586  Millions
Yeti Holdings Inc   2.12 $ 715.000  Millions$ 337  Millions
Ilustrato Pictures International Inc.  2.10 $ 4.439  Millions$ 2  Millions
V F Corporation  2.10 $ 5,173.757  Millions$ 2,463  Millions
Ralph Lauren Corporation  2.01 $ 2,265.600  Millions$ 1,127  Millions
Tapestry Inc   2.01 $ 1,865.000  Millions$ 929  Millions
Levi Strauss and Co  2.01 $ 2,663.300  Millions$ 1,328  Millions
Capstone Green Energy Holdings Inc   1.98 $ 68.518  Millions$ 35  Millions
Weyco Group inc   1.92 $ 175.165  Millions$ 91  Millions
Dorman Products Inc   1.92 $ 1,244.000  Millions$ 648  Millions
Holley Inc   1.91 $ 403.000  Millions$ 211  Millions

Date modified: 2026-08-31T19:47:21+00:00




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