AYRO (AYRO) Change In Inventory : $-5.14 Mil (TTM As of Jun. 2024)

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What is AYRO Change In Inventory?

AYRO's change in inventory for the quarter that ended in Jun. 2024 was $-0.69 Mil. It means AYRO's inventory increased by $0.69 Mil from Mar. 2024 to Jun. 2024 .

AYRO's change in inventory for the fiscal year that ended in Dec. 2023 was $-5.51 Mil. It means AYRO's inventory increased by $5.51 Mil from Dec. 2022 to Dec. 2023 .

AYRO's Total Inventories for the quarter that ended in Jun. 2024 was $3.31 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AYRO's Days Inventory for the quarter that ended in Jun. 2024 was 296.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. AYRO's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.31.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

AYRO Change In Inventory Historical Data

The historical data trend for AYRO's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AYRO Change In Inventory Chart

AYRO Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.53

-0.01

-2.67

0.83

-5.51

AYRO Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial															-1.53	-1.30	-2.13	-1.01	-0.69

AYRO Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.14 Mil.

AYRO (NAS:AYRO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

AYRO's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.4955	/	1.075	*	365 / 4
	=	296.71

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

AYRO's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.075	/	3.4955
	=	0.31

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

AYRO's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.4955	/	0
	=	N/A

AYRO Change In Inventory Related Terms

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AYRO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AYRO Inc (NAS:AYRO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 East Old Settlers Boulevard, Suite 100, Round Rock, TX, USA, 78664

Website

https://www.ayro.com

AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States.

Executives

Joshua Silverman	director	IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Zvi Joseph	director	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 10018
Gregory T Schiffman	director	1030 NW JOHNSON ST, UNIT 608, PORTLAND OR 97209
Sebastian Giordano	director	ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341
George Devlin	director	COMPAQ COMPUTER CORP, P O BOX 692000 MC: 110701, HOUSTON TX 77269
Wayne Remell Walker	director	1515 MARKET STREET, SUITE 1720, PHILADELPHIA PA 19103
Thomas Michael Wittenschlaeger	officer: Chief Executive Officer	RAPTOR NETWORKS TECHNOLOGY, 65 ENTERPRISE RD., ALISO VIEJO CA 92656
David E. Hollingsworth	officer: Interim CFO	319 FLAT ROCK DR., HUTTO TX 78634
Keller Rodney C. Jr.	director, officer: Chief Executive Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Richard Perley	officer: Chief Marketing Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Curtis Ellis Smith	officer: Chief Financial Officer	900 E. OLD SETTLERS BLVD., SUITE 100, ROUND ROCK TX 78664
Brian Ray Groh	officer: Chief of Business Development	825 WEST DRUMFRIES ROAD N., PARIS A6 N3L 3E2
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Victoria C Pasquale	officer: Chief Human Resources Officer	C/O DROPCAR, INC., 1412 BROADWAY, SUITE 2105, NEW YORK NY 1008
Capital Anstalt Alpha	10 percent owner	LETTSTRASSE 32, FL-9490, VADUZ N2 00000