CarParts.com (CarParts.com) Inventory Turnover

: 0.83 (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. CarParts.com's Cost of Goods Sold for the three months ended in Dec. 2023 was $104.8 Mil. CarParts.com's Average Total Inventories for the quarter that ended in Dec. 2023 was $126.4 Mil. CarParts.com's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CarParts.com's Days Inventory for the three months ended in Dec. 2023 was 110.09.

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. CarParts.com's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

CarParts.com Inventory Turnover Historical Data

The historical data trend for CarParts.com'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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CarParts.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.85

4.07

3.38

3.13

3.37

CarParts.com 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															0.71	0.91	1.03	0.94	0.83

CarParts.com Inventory Turnover Calculation

CarParts.com'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 )
=	446.323	/ (	(136.026	+	128.901)	/	2 )
=	446.323	/	132.4635
=	3.37

CarParts.com'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 )
=	104.799	/ (	(123.965	+	128.901)	/	2 )
=	104.799	/	126.433
=	0.83

CarParts.com (NAS:PRTS) 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.

CarParts.com'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
	=	126.433	/	104.799	*	365 / 4
	=	110.09

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.

CarParts.com'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 )
	=	126.433	/	156.395
	=	0.81

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.

CarParts.com Inventory Turnover Related Terms

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CarParts.com (CarParts.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CarParts.com Inc (NAS:PRTS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ZZF:Germany

Address

2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504

Website

https://www.carparts.com

CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.

Executives

Michael Huffaker	officer: Chief Operating Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier	director	1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu	director	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes	director	16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra	director	C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood	officer: Chief Financial Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian	officer: Chief Technology Officer	2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane	director, officer: Chief Executive Officer	16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan	officer: VP of Marketiing	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps	director	26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez	officer: VP, General Counsel	10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker	director, officer: Chief Executive Officer	US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes	officer: Interim CTO	16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson	director	16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia	director, 10 percent owner	17150 SOUTH MARGAY AVENUE, CARSON CA 90746