Chewy Inc (CHWY)
Inventory turnover
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,598,670 | 10,508,010 | 10,482,190 | 10,432,790 | 10,268,500 | 10,054,410 | 9,709,410 | 9,397,310 | 9,184,890 | 8,923,160 | 8,657,210 | 8,344,040 | 7,915,930 | 7,501,870 | 7,112,300 | 6,723,420 | 6,165,420 | 5,682,240 | 5,198,430 | 4,672,570 |
| Inventory | US$ in thousands | 858,551 | 803,338 | 752,335 | 719,273 | 712,053 | 738,204 | 731,376 | 678,005 | 679,149 | 707,921 | 598,200 | 560,430 | 606,594 | 505,978 | 490,887 | 513,304 | 482,649 | 453,040 | 448,756 | 317,808 |
| Inventory turnover | 12.34 | 13.08 | 13.93 | 14.50 | 14.42 | 13.62 | 13.28 | 13.86 | 13.52 | 12.60 | 14.47 | 14.89 | 13.05 | 14.83 | 14.49 | 13.10 | 12.77 | 12.54 | 11.58 | 14.70 |
October 27, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,598,670K ÷ $858,551K
= 12.34
Inventory turnover measures how efficiently a company manages its inventory by showing how many times it sells and replaces its inventory during a specific period. Looking at the inventory turnover ratios for Chewy Inc over multiple periods, we see a consistent trend of turnover ratios hovering around 12-15 times a year.
The highest inventory turnover ratio was observed at 14.89 in Jan 30, 2022, indicating that Chewy Inc efficiently sold and replaced its inventory almost 15 times during that period. On the other hand, the lowest inventory turnover ratio was at 11.58 in Nov 1, 2020. Overall, Chewy Inc maintains a relatively steady level of inventory turnover, with some fluctuations, suggesting a consistent approach to managing its inventory.
A consistently high inventory turnover ratio signifies effective inventory management, quick sales, and minimal holding of excess inventory. It indicates that Chewy Inc is effectively managing its inventory levels, minimizing storage costs, and ensuring that goods are not unnecessarily tied up in inventory. This could be indicative of strong demand for Chewy Inc's products, efficient supply chain management, and effective inventory control practices.
Peer comparison
Oct 27, 2024
Oct 27, 2024