GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Newegg Commerce Inc (NAS:NEGG) » Definitions » Inventory-to-Revenue

Newegg Commerce (Newegg Commerce) Inventory-to-Revenue : 0.31 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Newegg Commerce Inventory-to-Revenue?

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. Newegg Commerce's Average Total Inventories for the quarter that ended in Dec. 2023 was $139.2 Mil. Newegg Commerce's Revenue for the three months ended in Dec. 2023 was $456.1 Mil. Newegg Commerce's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Newegg Commerce's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.44) to Sep. 2023 (0.31)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newegg Commerce's Days Inventory for the three months ended in Dec. 2023 was 31.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newegg Commerce's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.92.


Newegg Commerce Inventory-to-Revenue Historical Data

The historical data trend for Newegg Commerce's Inventory-to-Revenue 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.

* Premium members only.

Newegg Commerce Inventory-to-Revenue Chart

Newegg Commerce Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
- 0.09 0.09 0.12 0.10

Newegg Commerce Quarterly Data
Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.32 - 0.44 0.31

Competitive Comparison of Newegg Commerce's Inventory-to-Revenue

For the Internet Retail subindustry, Newegg Commerce's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Newegg Commerce's Inventory-to-Revenue Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Newegg Commerce's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Newegg Commerce's Inventory-to-Revenue falls into.



Newegg Commerce Inventory-to-Revenue Calculation

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.

Newegg Commerce's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (156.016 + 136.164) / 2 ) / 1496.963
=146.09 / 1496.963
=0.10

Newegg Commerce's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (142.303 + 136.164) / 2 ) / 456.144
=139.2335 / 456.144
=0.31

* 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.


Newegg Commerce  (NAS:NEGG) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Newegg Commerce's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=139.2335/406.714*365 / 4
=31.24

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

Newegg Commerce's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=406.714 / 139.2335
=2.92

* 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.


Newegg Commerce Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Newegg Commerce's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Newegg Commerce (Newegg Commerce) Business Description

Traded in Other Exchanges
Address
17560 Rowland Street, City of Industry, CA, USA, 91748
Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.