What is NeoVolta's inventory turnover?

NeoVolta (NEOV) reported inventory turnover of 10.4× in Q1 2026.

How has NeoVolta's inventory turnover changed year-over-year?

NeoVolta's inventory turnover increased by 594.3% year-over-year, from 1.5× to 10.4×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

NeoVolta NEOV Inventory turnover

Inventory turnover at other companies

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5.6×+0.3×

Enphase EnergyENPH

3.6×-0.6×

Microvast Holdings, Inc.MVST

2×+0.1×

Eos Energy Enterprises, Inc.EOSE

6.6×+2.7×

Energy Vault HoldingsNRGV

1,451.6×+1,306×

Fluence Energy, Inc.FLNC

3.1×-0.8×

Other financials

Income statement

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Revenue$2.0M+0.5%

Gross profit$927.8K+80.3%

Operating income-$2.6M-91.5%

Net income-$3.0M-109%

EPS (diluted)-$0.08-100%

Balance sheet

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Cash & equivalents$11.5M+2,042%

Total debt$1.5M+2.2%

Total equity$22.2M+480%

Total assets$25.7M+349%

Cash flow

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Operating cash flow-$3.6M-74.6%

Valuation

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Market cap$172.96M+43.6%

Enterprise value$162.93M+33.1%

P/S9.6×-4.7×

Profitability

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Gross margin21.3%-1.0pp

Operating margin-52%-16.1pp

Net margin-63.4%-16.2pp

Returns & leverage

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Return on equity-88.1%-3.4pp

Debt / equity0.1×-0.3×

Current ratio8.1×+4.3×

Where this comes from

Calculated from NeoVolta’s reported figures.

total cost of revenue/inventories=10.4×

Based on trailing twelve months.

The official record: NeoVolta’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NeoVolta's inventory turnover?: NeoVolta (NEOV) reported inventory turnover of 10.4× in Q1 2026.
How has NeoVolta's inventory turnover changed year-over-year?: NeoVolta's inventory turnover increased by 594.3% year-over-year, from 1.5× to 10.4×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.