Box Inc (BOX)

Inventory turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Cost of revenue (ttm)	US$ in thousands	228,105	232,042	245,713	257,213	260,612	258,905	254,168	251,998	252,556	256,222	254,801	250,746	249,484	243,401	237,144	231,690	224,738	222,860	222,350	220,888
Inventory	US$ in thousands	—	—	—	—	0	44,743	45,403	46,689	48,040	46,120	0	0	0	—	—	62,867	52,454	53,051	53,096	54,534
Inventory turnover		—	—	—	—	—	5.79	5.60	5.40	5.26	5.56	—	—	—	—	—	3.69	4.28	4.20	4.19	4.05

January 31, 2025 calculation

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

The inventory turnover ratio for Box Inc provides insights into how efficiently the company manages its inventory. The ratio is calculated by dividing the cost of goods sold by the average inventory during a specific period.

Based on the provided data, Box Inc's inventory turnover has shown some fluctuation over the past few years. As of January 31, 2023, the inventory turnover stood at 5.26, indicating that the company turned over its inventory approximately 5.26 times during the year. This demonstrates a relatively efficient management of inventory, as higher turnover ratios suggest faster movement of goods.

The trend in inventory turnover for Box Inc seems to be generally positive, with an increasing trend from 4.05 in April 30, 2020 to 5.26 in January 31, 2023. This could suggest improvements in inventory management practices, tighter control of stock levels, or faster sales of products.

However, it is essential to note that the inventory turnover data is not available for the most recent periods (after January 31, 2023). It would be beneficial for stakeholders to monitor future reports to assess whether the positive trend in inventory turnover continues, as it can provide valuable insights into the company's operational efficiency and financial health.