Chewy Inc (CHWY)
Inventory turnover
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,030,120 | 9,344,760 | 9,361,730 | 9,327,790 | 9,383,680 | 9,423,790 | 9,330,910 | 9,274,190 | 9,194,550 | 9,128,620 | 9,163,990 | 8,541,790 | 9,062,630 | 8,264,370 | 8,626,630 | 8,427,470 | 8,180,420 | 8,128,990 | 7,556,400 | 8,107,610 |
| Inventory | US$ in thousands | 836,695 | 858,551 | 858,551 | 803,338 | 803,338 | 752,335 | 752,335 | 719,273 | 719,273 | 712,053 | 712,053 | 738,204 | 738,204 | 731,376 | 675,520 | 678,005 | 679,149 | 679,149 | 707,921 | 598,200 |
| Inventory turnover | 10.79 | 10.88 | 10.90 | 11.61 | 11.68 | 12.53 | 12.40 | 12.89 | 12.78 | 12.82 | 12.87 | 11.57 | 12.28 | 11.30 | 12.77 | 12.43 | 12.05 | 11.97 | 10.67 | 13.55 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,030,120K ÷ $836,695K
= 10.79
The inventory turnover for Chewy Inc has shown some fluctuations over the provided period. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring the number of times it sells and replaces its inventory during a specific time period.
From May 1, 2022, to January 31, 2025, Chewy Inc's inventory turnover ranged from a low of 10.67 to a high of 13.55. Generally, a higher inventory turnover ratio is preferred as it signals that the company is selling its inventory quickly, minimizing storage and holding costs.
In the initial half of the period, the inventory turnover ratio ranged between 10.67 and 12.77, with some variability. However, in the latter half, the ratio ranged between 10.79 and 12.89, showing a similar trend of fluctuation.
Overall, Chewy Inc's inventory turnover indicates that the company efficiently manages its inventory, with most ratios consistently above 10. This suggests that the company is effectively selling and restocking its inventory, which is crucial for maintaining a healthy cash flow and overall operational efficiency. Additionally, the minor fluctuations in the ratio could be due to seasonality in sales or changes in demand for Chewy Inc's products.
Peer comparison
Jan 31, 2025
Jan 31, 2025