Coupang (Coupang) Inventory Turnover : 2.88 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Coupang 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. Coupang's Cost of Goods Sold for the three months ended in Mar. 2024 was $5,185 Mil. Coupang's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,802 Mil. Coupang's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coupang's Days Inventory for the three months ended in Mar. 2024 was 31.71.

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

Coupang Inventory Turnover Historical Data

The historical data trend for Coupang'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.

Coupang Inventory Turnover Chart

Coupang Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

8.29

11.13

11.97

10.31

10.95

Coupang Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														2.64	2.67	2.88	2.95	2.88

Coupang Inventory Turnover Calculation

Coupang'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 )
=	18193	/ (	(1657	+	1666)	/	2 )
=	18193	/	1661.5
=	10.95

Coupang's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5185	/ (	(1666	+	1938)	/	2 )
=	5185	/	1802
=	2.88

Coupang (NYSE:CPNG) 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.

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

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1802	/	5185	*	365 / 4
	=	31.71

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1802	/	7114
	=	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.

Coupang Inventory Turnover Related Terms

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

Coupang (Coupang) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CPNG:Mexico 788:Germany

Address

720 Olive Way, Suite 600, Seattle, WA, USA, 05510

Website

https://www.aboutcoupang.com

Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce primarily includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.

Executives

Tae Jung Kim	officer: See Remarks	720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Svf Investments (uk) Ltd	10 percent owner	69 GROSVENOR STREET, LONDON X0 W1K3JP
Benjamin Sun	director	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Greenoaks Capital Partners Llc	director, 10 percent owner, other: See Remarks	4 ORINDA WAY BUILDING C, SUITE 200, ORINDA CA 94563
Pedro Franceschi	director	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO,SONGPA-GU, SEOUL M5 05510
Hanseung Kang	officer: Rep Director, Business Mngmt	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Ambereen Toubassy	director	720 OLIVE WAY, SUITE 600, SEATTLE WA 98101
Harold Rogers	officer: See Remarks	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jonathan D. Lee	officer: Chief Accounting Officer	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Thuan Pham	officer: Chief Technology Officer	1455 MARKET STREET 4TH FLOOR, SAN FRANCISCO CA 94103
Neil Mehta	director	535 PACIFIC AVENUE, 4TH FLOOR, SAN FRANCISCO CA 94133
Kevin M Warsh	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Michael Parker	officer: Chief Accounting Officer	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510
Jason Child	director	C/O SPLUNK INC., 270 BRANNAN ST., SAN FRANCISCO CA 94107
Gaurav Anand	officer: Chief Financial Officer	C/O COUPANG, INC., TOWER 730, 570, SONGPA-DAERO, SONGPA-GU, SEOUL M5 05510