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Stitch Fix Inventory Turnover

: 1.70 (As of Jan. 2021)
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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. Stitch Fix's Cost of Goods Sold for the three months ended in Jan. 2021 was $288 Mil. Stitch Fix's Total Inventories for the quarter that ended in Jan. 2021 was $170 Mil. Stitch Fix's Inventory Turnover for the quarter that ended in Jan. 2021 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stitch Fix's Days Inventory for the three months ended in Jan. 2021 was 53.79.

Total Inventories can be measured by Days Sales of Inventory (DSI). Stitch Fix's days sales of inventory (DSI) for the three months ended in Jan. 2021 was 30.70.

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. Stitch Fix's Inventory-to-Revenue for the quarter that ended in Jan. 2021 was 0.34.


Stitch Fix Inventory Turnover Historical Data

* 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.

Stitch Fix Annual Data
Jul16 Jul17 Jul18 Jul19 Jul20
Inventory Turnover 9.08 9.66 9.04 8.60 7.88

Stitch Fix Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.41 1.69 1.92 1.70

Stitch Fix Inventory Turnover Calculation

Stitch Fix's Inventory Turnover for the fiscal year that ended in Jul. 2020 is calculated as

Inventory Turnover (A: Jul. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Jul. 2020 ) / ((Total Inventories (A: Jul. 2019 ) + Total Inventories (A: Jul. 2020 )) / count )
=957.523 / ((118.216 + 124.816) / 2 )
=957.523 / 121.516
=7.88

Stitch Fix's Inventory Turnover for the quarter that ended in Jan. 2021 is calculated as

Inventory Turnover (Q: Jan. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Jan. 2021 ) / ((Total Inventories (Q: Oct. 2020 ) + Total Inventories (Q: Jan. 2021 )) / count )
=287.744 / ((156.786 + 182.422) / 2 )
=287.744 / 169.604
=1.70

* 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.


Stitch Fix  (NAS:SFIX) 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.

Stitch Fix's Days Inventory for the three months ended in Jan. 2021 is calculated as:

Days Inventory =Total Inventories (Q: Jan. 2021 )/Cost of Goods Sold (Q: Jan. 2021 )*Days in Period
=169.604/287.744*365 / 4
=53.79

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Stitch Fix's Days Sales of Inventory for the three months ended in Jan. 2021 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Jan. 2021 )/Revenue (Q: Jan. 2021 )*Days in Period
=169.604/504.087*365 / 4
=30.70

3. 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.

Stitch Fix's Inventory to Revenue for the quarter that ended in Jan. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jan. 2021 ) / Revenue (Q: Jan. 2021 )
=169.604 / 504.087
=0.34

* 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.


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.


Stitch Fix Inventory Turnover Related Terms


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