Box Inc (BOX)

Inventory turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Cost of revenue	US$ in thousands	228,105	260,612	252,556	249,484	224,738
Inventory	US$ in thousands	—	0	48,040	0	52,454
Inventory turnover		—	—	5.26	—	4.28

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $228,105K ÷ $—K
= —

The inventory turnover ratio for Box Inc has shown fluctuations over the years. As of January 31, 2021, the company had an inventory turnover of 4.28 times, indicating that its inventory was sold and replaced approximately 4.28 times during that fiscal year.

Subsequently, in the following years, the inventory turnover ratio was not available (denoted by "—") for January 31, 2022, and January 31, 2024. However, on January 31, 2023, the inventory turnover improved to 5.26 times, suggesting a more efficient management of inventory during that period.

It is important to note that a higher inventory turnover ratio generally indicates that a company is effectively managing its inventory levels and turning over its stock more frequently, which can lead to reduced holding costs and potentially higher profitability.

Further analysis over multiple periods would provide a more accurate picture of Box Inc's inventory management performance and efficiency.