Box Inc (BOX)

Inventory turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cost of revenue	US$ in thousands	789,462	776,493	761,669	682,628	695,410
Inventory	US$ in thousands	—	48,040	0	52,454	48,459
Inventory turnover		—	16.16	—	13.01	14.35

January 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $789,462K ÷ $—K
= —

The inventory turnover ratio for Box Inc has shown variability over the past five years. In January 2023, the inventory turnover was 16.16, reflecting a high rate of inventory turnover, which indicates that the company sold and replaced its inventory more than 16 times during that year. This high turnover could suggest efficient management of inventory levels.

However, there is missing data for January 2024 and 2022, which limits the ability to provide a comprehensive trend analysis. In January 2021, the inventory turnover ratio was 13.01, indicating a slightly lower turnover rate compared to the previous year. In January 2020, the ratio was 14.35, showing a slight increase in inventory turnover compared to the year before.

Overall, the available data suggests that Box Inc has demonstrated generally healthy inventory turnover ratios over the years, indicating effective inventory management practices. However, a more complete dataset would be necessary to draw more definitive conclusions about the company's inventory efficiency.