Chewy (CHWY) Inventory Turnover

: 2.86 (As of Jan. 2024)

View and export this data going back to 2019. Start your Free Trial

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. Chewy's Cost of Goods Sold for the three months ended in Jan. 2024 was $2,044 Mil. Chewy's Average Total Inventories for the quarter that ended in Jan. 2024 was $716 Mil. Chewy's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chewy's Days Inventory for the three months ended in Jan. 2024 was 31.95.

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. Chewy's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.25.

Chewy Inventory Turnover Historical Data

The historical data trend for Chewy'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.

* Premium members only.

Chewy Annual Data

Trend

Dec16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

13.75

12.82

12.26

11.76

11.43

Chewy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																2.89	2.83	2.71	2.70	2.86

Chewy Inventory Turnover Calculation

Chewy's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	7986.202	/ (	(678.005	+	719.273)	/	2 )
=	7986.202	/	698.639
=	11.43

Chewy's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2044.136	/ (	(712.053	+	719.273)	/	2 )
=	2044.136	/	715.663
=	2.86

Chewy (NYSE:CHWY) 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.

Chewy's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	715.663	/	2044.136	*	365 / 4
	=	31.95

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.

Chewy's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	715.663	/	2846.665
	=	0.25

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.

Chewy Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Chewy's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Chewy (CHWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chewy Inc (NYSE:CHWY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CHWY:Mexico 3HH:Germany

Address

7700 West Sunrise Boulevard, Plantation, FL, USA, 33322

Website

https://www.chewy.com

Chewy is the largest e-commerce pet care retailer in the U.S., generating $10.1 billion in 2022 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a standalone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

Executives

Argos Holdings Gp Llc	10 percent owner	C/O CHEWY, INC., 1855 GRIFFIN ROAD, DANIA BEACH FL 33004
James A Star	director
Stacy Bowman	officer: Principal Accounting Officer	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Sumit Singh	director, officer: Chief Executive Officer	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Michael Morant	officer: General Counsel	7700 WEST SUNRISE BOULEVARD, PLANTATION FL 33322
Mario Jesus Marte	officer: Chief Financial Officer	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Satish Mehta	officer: Chief Technology Officer	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Susan Helfrick	officer: General Counsel	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Mathieu Bigand	director	7700 WEST SUNRISE BOULEVARD, PLANTATION FL 33322
Marco Castelli	director	1855 GRIFFIN ROAD, SUITE B-428, DANIA BEACH FL 33004
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Kristine Dickson	director	7700 WEST SUNRISE BLVD, PLANTATION FL 33322
James Kevin Symancyk	director	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33222
Buddy Holdings Iii Llc	10 percent owner	C/O ARGOS HOLDINGS, 650 MADISON AVENUE, NEW YORK NY 10022
Buddy Holdings Ii Llc	10 percent owner	C/O ARGOS HOLDINGS, 650 MADISON AVENUE, NEW YORK NY 10022