LightInTheBox Holding Co (LightInTheBox Holding Co) Inventory Turnover : 9.18 (As of Dec. 2023)

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What is LightInTheBox Holding Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. LightInTheBox Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $60.2 Mil. LightInTheBox Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $6.6 Mil. LightInTheBox Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LightInTheBox Holding Co's Days Inventory for the three months ended in Dec. 2023 was 9.95.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. LightInTheBox Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

LightInTheBox Holding Co Inventory Turnover Historical Data

The historical data trend for LightInTheBox Holding Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LightInTheBox Holding Co Inventory Turnover Chart

LightInTheBox Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.44

25.70

21.85

17.40

26.91

LightInTheBox Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.65	5.17	8.00	7.45	9.18

LightInTheBox Holding Co Inventory Turnover Calculation

LightInTheBox Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	269.496	/ (	(14.26	+	5.767)	/	2 )
=	269.496	/	10.0135
=	26.91

LightInTheBox Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	60.171	/ (	(7.349	+	5.767)	/	2 )
=	60.171	/	6.558
=	9.18

LightInTheBox Holding Co (NYSE:LITB) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

LightInTheBox Holding Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6.558	/	60.171	*	365 / 4
	=	9.95

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

LightInTheBox Holding Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.558	/	135.556
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

LightInTheBox Holding Co Inventory Turnover Related Terms

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LightInTheBox Holding Co (LightInTheBox Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LightInTheBox Holding Co Ltd (NYSE:LITB) » Definitions » Inventory Turnover

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Traded in Other Exchanges

L4XA:Germany

Address

51 Tai Seng Avenue, No. 05-02B/C, Pixel Red, Singapore, SGP, 533941

Website

https://www.lightinthebox.com

LightInTheBox Holding Co Ltd is an online retail company delivering products directly to consumers across the world. It provides apparel products including customized, special occasion and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products. The company is engaged in product sales which consisted of online retailing of consumer products. It also provides services which consisted of the provision of logistic services to e-commerce retailers and small businesses. Geographically, it operates in Europe which is the key revenue driver, North America, and other countries.