PetMed Express (PetMed Express) Inventory Turnover

: 1.77 (As of Dec. 2023)

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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. PetMed Express's Cost of Goods Sold for the three months ended in Dec. 2023 was $47.4 Mil. PetMed Express's Average Total Inventories for the quarter that ended in Dec. 2023 was $26.7 Mil. PetMed Express's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PetMed Express's Days Inventory for the three months ended in Dec. 2023 was 51.44.

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. PetMed Express's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

PetMed Express Inventory Turnover Historical Data

The historical data trend for PetMed Express'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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PetMed Express Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

8.42

10.34

8.38

5.84

7.22

PetMed Express Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.55	2.17	2.17	1.99	1.77

PetMed Express Inventory Turnover Calculation

PetMed Express's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	185.844	/ (	(32.455	+	19.023)	/	2 )
=	185.844	/	25.739
=	7.22

PetMed Express'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 )
=	47.434	/ (	(18.902	+	34.577)	/	2 )
=	47.434	/	26.7395
=	1.77

PetMed Express (NAS:PETS) 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.

PetMed Express'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
	=	26.7395	/	47.434	*	365 / 4
	=	51.44

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.

PetMed Express'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 )
	=	26.7395	/	65.317
	=	0.41

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.

PetMed Express Inventory Turnover Related Terms

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PetMed Express (PetMed Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PetMed Express Inc (NAS:PETS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PQM:Germany PQM:Germany

Address

420 South Congress Avenue, Suite 100, Delray Beach, FL, USA, 33445

Website

https://www.petmeds.com

PetMed Express Inc along with its subsidiaries is a nationwide pet pharmacy. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats, direct to the consumer. The company generates its revenue by selling pet medications and pet supplies primarily to retail consumers.

Executives

Gian Fulgoni	director
Christine Chambers	officer: CFO	1501 1ST AVENUE SOUTH, STE. 600, SEATTLE WA 98134
Mathew N Hulett	director, officer: CEO & President	1621 NORTH KENT STREET, SUITE 1200, ARLINGTON VA 22209
Campbell Leslie C.g.	director	C/O COUPA SOFTWARE INC., 1855 S. GRANT STREET, SAN MATEO CA 94402
Diana G Purcel	director	C/O FAMOUS DVES OF AMERICA INC, 8091 WALLACE ROAD, EDEN PRAIRIE MN 55344
Moseley Mark Bradley Jr	other: Chief Technology Info Officer	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Daniel Job Pingree	other: Chief Marketing Officer	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Sandra Yvette Campos	director	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
Jacqueline Paula Smith	other: Vice President of People	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Carolyn Carden	other: VP of Product	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Peter Cobb	director	DSW, INC., 810 DSW DRIVE, COLUMBUS OH 43219
Jodi Watson	director	420 SOUTH CONGRESS AVE., DELRAY BEACH FL 33445
Frank J Formica	director	1441 S.W. 29TH AVENUE, POMPANO BEACH FL 33069
Bruce S Rosenbloom	officer: Chief Financial Officer	6401 CONGRESS AVENUE, SUITE 250, BOCA RATON FL 33487
Menderes Akdag	director, officer: Chief Executive Officer	1441 S.W. 29TH AVENUE, POMPANO BEACH FL 33069