Boxed (BOXDQ) Total Inventories : $11.1 Mil (As of Sep. 2022)

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What is Boxed Total Inventories?

Boxed's total inventories for the quarter that ended in Sep. 2022 was $11.1 Mil. Boxed's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Sep. 2022 was $13.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Boxed's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-2.06.

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 Turnover measures how fast the company turns over its inventory within a year. Boxed's Inventory Turnover for the quarter that ended in Sep. 2022 was 2.83.

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 Total Inventories Historical Data

The historical data trend for Boxed's Total Inventories 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 Total Inventories Chart

Boxed Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Total Inventories

14.04

13.97

11.43

Boxed Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Inventories	Get a 7-Day Free Trial						-	11.43	13.07	15.01	11.08

Boxed Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Boxed (OTCPK:BOXDQ) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Boxed's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is

	Net-Net Working Capital Per Share (Q: Sep. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(36.059	+	0.75 * 3.239	+	0.5 * 11.081	-	189.486
-	0	-	0)	/	70.723
=	-2.06

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2022 )	/	Average Total Inventories (Q: Sep. 2022 )
	=	36.93	/	13.0455
	=	2.83

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Boxed Total Inventories Related Terms

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Boxed (BOXDQ) Business Description

Industry

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

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