Canoo Inventory Turnover from 2010 to 2024

GOEV Stock  USD 0.13  0.05  27.78%   
Canoo Inventory Turnover yearly trend continues to be fairly stable with very little volatility. Inventory Turnover will likely drop to 1.95 in 2024. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
2.63562474
Current Value
1.95
Quarterly Volatility
1.40209085
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Canoo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canoo's main balance sheet or income statement drivers, such as Interest Expense of 7 M, Tax Provision of 0.0 or Depreciation And Amortization of 11.2 M, as well as many indicators such as Price To Sales Ratio of 183, Dividend Yield of 0.0 or PTB Ratio of 0.56. Canoo financial statements analysis is a perfect complement when working with Canoo Valuation or Volatility modules.
  
Check out the analysis of Canoo Correlation against competitors.

Latest Canoo's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Canoo Inc over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Canoo's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canoo's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

Canoo Inventory Turnover Regression Statistics

Arithmetic Mean0.60
Geometric Mean0.06
Coefficient Of Variation233.59
Mean Deviation1.00
Median(0.02)
Standard Deviation1.40
Sample Variance1.97
Range4.7327
R-Value0.61
Mean Square Error1.33
R-Squared0.37
Significance0.02
Slope0.19
Total Sum of Squares27.52

Canoo Inventory Turnover History

2024 1.95
2023 2.64
2022 4.71

About Canoo Financial Statements

Canoo investors use historical fundamental indicators, such as Canoo's Inventory Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Canoo. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 2.64  1.95 

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Additional Tools for Canoo Stock Analysis

When running Canoo's price analysis, check to measure Canoo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.