Newegg Commerce (Newegg Commerce) Inventory Turnover : 2.92 (As of Dec. 2023)

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

What is Newegg Commerce 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. Newegg Commerce's Cost of Goods Sold for the three months ended in Dec. 2023 was $406.7 Mil. Newegg Commerce's Average Total Inventories for the quarter that ended in Dec. 2023 was $139.2 Mil. Newegg Commerce's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.92.

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-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 quarter that ended in Dec. 2023 was 0.31.

Newegg Commerce Inventory Turnover Historical Data

The historical data trend for Newegg Commerce'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.

* Premium members only.

Newegg Commerce Inventory Turnover Chart

Newegg Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

10.11

9.60

7.50

9.10

Newegg Commerce Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								1.86	2.78	-	2.00	2.92

Newegg Commerce Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1329.406	/ (	(156.016	+	136.164)	/	2 )
=	1329.406	/	146.09
=	9.10

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	406.714	/ (	(142.303	+	136.164)	/	2 )
=	406.714	/	139.2335
=	2.92

Newegg Commerce (NAS:NEGG) 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.

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-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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	139.2335	/	456.144
	=	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.

Newegg Commerce Inventory Turnover Related Terms

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

Newegg Commerce (Newegg Commerce) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

J8D1:Germany J8D:Germany

Address

17560 Rowland Street, City of Industry, CA, USA, 91748

Website

https://www.newegg.com

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.