What is SES AI's inventory turnover?

SES AI (SES) reported inventory turnover of 3.9× in Q1 2026.

How has SES AI's inventory turnover changed year-over-year?

SES AI's inventory turnover decreased by 36.8% year-over-year, from 6.2× to 3.9×.

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.

SES AI SES Inventory turnover

Inventory turnover at other companies

Enovix CorporationENVX

2×-0.7×

Amprius TechnologiesAMPX

12.1×-8.2×

Microvast Holdings, Inc.MVST

2×+0.1×

American Battery Technology CompanyABAT

42.3×+18.6×

AlbemarleALB

3×+0.2×

AESAES

15.8×0.0×

Other financials

Income statement

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Revenue$6.7M+15.8%

Gross profit$1.2M-73.3%

Operating income-$17.9M+23.2%

Net income-$12.1M+2.7%

EPS (diluted)-$0.040.0%

Balance sheet

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Cash & equivalents$46.9M-16.3%

Total debt$7.7M-18.9%

Total equity$203.2M-24.7%

Total assets$253.5M-17.1%

Cash flow

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Operating cash flow-$19.8M+13.3%

CapEx$330.0K-64.0%

Free cash flow-$20.1M+15.2%

Valuation

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Market cap$325.08M+5.5%

Enterprise value$285.86M+9.3%

P/S14.8×-27.2×

Profitability

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Gross margin36.3%-39.1pp

Operating margin-352.3%-153pp

Net margin-331.7%-142pp

FCF margin-262.8%-115pp

Returns & leverage

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Return on equity-30.7%-0.7pp

Debt / equity0×0.0×

Current ratio6.9×-8.8×

Where this comes from

Calculated from SES AI’s reported figures.

total cost of revenue/inventories=3.9×

Based on trailing twelve months.

The official record: SES AI’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SES AI's inventory turnover?: SES AI (SES) reported inventory turnover of 3.9× in Q1 2026.
How has SES AI's inventory turnover changed year-over-year?: SES AI's inventory turnover decreased by 36.8% year-over-year, from 6.2× to 3.9×.
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.