Chewy Inc (CHWY)
Inventory turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,393,630 | 7,986,200 | 10,432,800 | 7,268,030 | 9,397,300 |
| Inventory | US$ in thousands | 836,695 | 719,273 | 719,273 | 675,520 | 678,005 |
| Inventory turnover | 10.03 | 11.10 | 14.50 | 10.76 | 13.86 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,393,630K ÷ $836,695K
= 10.03
Based on the data provided for Chewy Inc's inventory turnover, we observed fluctuations in the efficiency of managing inventory over the years. The inventory turnover ratio measures how many times a company sells and replaces its inventory within a given period.
In January 2023, Chewy Inc had an inventory turnover ratio of 13.86. This indicates that the company turned over its inventory approximately 13.86 times during that year, reflecting a high level of efficiency in managing and selling its inventory.
However, in January 2024, the inventory turnover ratio increased to 14.50, showing an improvement in inventory management efficiency compared to the previous year.
Subsequently, in January 2025, the inventory turnover ratio dropped to 10.03, signaling a decrease in the rate at which the company is selling and replacing its inventory. This may suggest potential challenges in managing inventory levels or could be attributed to changes in sales volume or inventory policies.
Overall, Chewy Inc's inventory turnover ratios indicate varying levels of efficiency in managing its inventory over the years, with fluctuations that may require further analysis to identify underlying factors contributing to these changes.
Peer comparison
Jan 31, 2025