Best Buy Co (XSWX:BBY) Change In Inventory : CHF-113 Mil (TTM As of Apr. 2024)

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What is Best Buy Co Change In Inventory?

Best Buy Co's change in inventory for the quarter that ended in Apr. 2024 was CHF-248 Mil. It means Best Buy Co's inventory increased by CHF248 Mil from Jan. 2024 to Apr. 2024 .

Best Buy Co's change in inventory for the fiscal year that ended in Jan. 2024 was CHF153 Mil. It means Best Buy Co's inventory declined by CHF153 Mil from Jan. 2023 to Jan. 2024 .

Best Buy Co's Total Inventories for the quarter that ended in Apr. 2024 was CHF4,754 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Best Buy Co's Days Inventory for the quarter that ended in Apr. 2024 was 66.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Best Buy Co's Inventory Turnover for the quarter that ended in Apr. 2024 was 1.37.

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. Best Buy Co's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.56.

Best Buy Co Change In Inventory Historical Data

The historical data trend for Best Buy Co'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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Best Buy Co Change In Inventory Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Inventory

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229.84

-385.63

-301.47

747.60

152.92

Best Buy Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Change In Inventory	Get a 7-Day Free Trial															-77.27	-368.11	-1,749.18	2,252.56	-248.40

Best Buy Co 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-113 Mil.

Best Buy Co (XSWX:BBY) Change In Inventory Explanation

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

Best Buy Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4506.823	/	6171.851	*	365 / 4
	=	66.63

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

Best Buy Co's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6171.851	/	4506.823
	=	1.37

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.

Best Buy Co's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4506.823	/	8049.885
	=	0.56

Best Buy Co Change In Inventory Related Terms

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Best Buy Co (XSWX:BBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (XSWX:BBY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.