SharkNinja (SharkNinja) Inventory Turnover : 1.01 (As of Dec. 2023)

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What is SharkNinja 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. SharkNinja's Cost of Goods Sold for the three months ended in Dec. 2023 was $755 Mil. SharkNinja's Average Total Inventories for the quarter that ended in Dec. 2023 was $746 Mil. SharkNinja's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SharkNinja's Days Inventory for the three months ended in Dec. 2023 was 90.21.

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. SharkNinja's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

SharkNinja Inventory Turnover Historical Data

The historical data trend for SharkNinja'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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SharkNinja Inventory Turnover Chart

SharkNinja Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.80

4.01

3.76

SharkNinja Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					1.38	0.82	1.06	0.88	1.01

SharkNinja Inventory Turnover Calculation

SharkNinja'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 )
=	2345.858	/ (	(548.588	+	699.74)	/	2 )
=	2345.858	/	624.164
=	3.76

SharkNinja'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 )
=	754.604	/ (	(792.195	+	699.74)	/	2 )
=	754.604	/	745.9675
=	1.01

SharkNinja (NYSE:SN) 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.

SharkNinja'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
	=	745.9675	/	754.604	*	365 / 4
	=	90.21

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.

SharkNinja'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 )
	=	745.9675	/	1377.499
	=	0.54

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.

SharkNinja Inventory Turnover Related Terms

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SharkNinja (SharkNinja) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » SharkNinja Inc (NYSE:SN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

238 Des Voeux Road Central, 21st floor, Sheung Wan, Hong Kong, HKG

Website

SharkNinja Inc is a global product design and technology company that creates 5-star-rated lifestyle solutions through innovative products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment and Beauty products. It sells vacuum cleaners, cooking pots, fryers, hair dryers, etc. The SharkNinja Group is expected to carry on the design, production, marketing and distribution of the Shark and Ninja brands of small household appliances in North America, Europe and other selected international markets (excluding the Asia Pacific Region and Greater China). Currently, the majority of the revenue is derived from the US market.