Boxed (BOXDQ) Inventory Turnover : 2.83 (As of Sep. 2022)

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What is Boxed Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Boxed's Cost of Goods Sold for the three months ended in Sep. 2022 was $36.9 Mil. Boxed's Average Total Inventories for the quarter that ended in Sep. 2022 was $13.0 Mil. Boxed's Inventory Turnover for the quarter that ended in Sep. 2022 was 2.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Boxed's Days Inventory for the three months ended in Sep. 2022 was 32.23.

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. Boxed's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.31.

Boxed Inventory Turnover Historical Data

The historical data trend for Boxed's Inventory Turnover 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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Boxed Inventory Turnover Chart

Boxed Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

11.69

11.52

11.45

Boxed Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial						2.81	3.14	3.31	2.91	2.83

Boxed Inventory Turnover Calculation

Boxed's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	145.389	/ (	(13.965	+	11.428)	/	2 )
=	145.389	/	12.6965
=	11.45

Boxed's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	36.93	/ (	(15.01	+	11.081)	/	2 )
=	36.93	/	13.0455
=	2.83

Boxed (OTCPK:BOXDQ) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Boxed's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	13.0455	/	36.93	*	365 / 4
	=	32.23

2. 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.

Boxed's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	13.0455	/	41.653
	=	0.31

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Boxed Inventory Turnover Related Terms

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Boxed (BOXDQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Boxed Inc (OTCPK:BOXDQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Broadway, Floor 2, New York, NY, USA, 10013

Website

https://www.boxed.com

Boxed Inc is an e-commerce platform selling bulk, high-repeat consumables to consumers and businesses. It offers wholesale products such as groceries, snacks, beverages, and household and cleaning products. It operates in two segments: Boxed Retail, which generates the majority revenue; and Boxed Software & Services. Retail segment engages in the sale of consumer products and goods in bulk sizes to consumers and businesses in the continental United States. Software & Services segment relates to its research, development, marketing, and production of our propriety software for sale to third parties.

Executives

Pamela B Corrie	director	100 PIER 1 PLACE, FORT WORTH TX 76102
David Michael Miller	officer: Chief Technology Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Alison Weick	officer: President, E-Commerce	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Mark Zimowski	officer: Chief Financial Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Jared Yaman	director, officer: Chief Operating Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Chieh E. Huang	director, officer: Chief Executive Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Tsukasa Ojima	director	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
David Liu	director	C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007
Andrew C. Pearson	officer: Chief Financial Officer	445 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Yun Jung Choi	officer: General Counsel & Secretary	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Veracelle A Vega-hansen	officer: Chief People Officer	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Gary S Matthews	other: See Remarks	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Acm Arrt Vii D Llc	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022
Harshul Sanghi	director	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Moore Emerson S. Ii	director	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013