Digital Brands Group (Digital Brands Group) Change In Inventory : $0.28 Mil (TTM As of Mar. 2024)

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What is Digital Brands Group Change In Inventory?

Digital Brands Group's change in inventory for the quarter that ended in Mar. 2024 was $0.20 Mil. It means Digital Brands Group's inventory declined by $0.20 Mil from Dec. 2023 to Mar. 2024 .

Digital Brands Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.38 Mil. It means Digital Brands Group's inventory declined by $0.38 Mil from Dec. 2022 to Dec. 2023 .

Digital Brands Group's Total Inventories for the quarter that ended in Mar. 2024 was $4.65 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital Brands Group's Days Inventory for the quarter that ended in Mar. 2024 was 233.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Digital Brands Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

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. Digital Brands Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.33.

Digital Brands Group Change In Inventory Historical Data

The historical data trend for Digital Brands Group'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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Digital Brands Group Change In Inventory Chart

Digital Brands Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.15

3.20

-0.91

0.47

0.38

Digital Brands Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial													0.30	0.16	0.06	-0.14	0.20

Digital Brands Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.28 Mil.

Digital Brands Group (NAS:DBGI) Change In Inventory Explanation

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

Digital Brands Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.749	/	1.856	*	365 / 4
	=	233.48

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

Digital Brands Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.856	/	4.749
	=	0.39

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.

Digital Brands Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.749	/	3.577
	=	1.33

Digital Brands Group Change In Inventory Related Terms

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Digital Brands Group (Digital Brands Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Digital Brands Group Inc (NAS:DBGI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Lavaca Street, Austin, TX, USA, 78701

Website

https://www.digitalbrandsgroup.co

Digital Brands Group Inc offers a variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Its brand portfolio consists of Bailey 44, DSTLD, Harper & Jones, Stateside, and Sundry.

Executives

Drew Jones	10 percent owner	2736 ROUTH STREET, DALLAS TX 75202
Huong Doan	director	1400 LAVACA STREET, AUSTIN TX 78701
Trevor Pettennude	director	1400 LAVACA STREET, AUSTIN TX 78701
Moise Emquies	director	1400 LAVACA STREET, AUSTIN TX 78701
Laura Dowling	officer: Chief Marketing Officer	1400 LAVACA STREET, AUSTIN TX 78701
Jameeka Aaron	director	1400 LAVACA STREET, AUSTIN TX 78701
Reid William Yeoman	officer: Chief Financial Officer	1400 LAVACA STREET, AUSTIN TX 78701
Mark Thomas Lynn	director	1400 LAVACA STREET, AUSTIN TX 78791
Davis John Hilburn Iv	officer: Pres., CEO	1400 LAVACA STREET, AUSTIN TX 78701