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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. Coinbase Global's Cost of Goods Sold for the three months ended in Sep. 2024 was $350 Mil. Coinbase Global's Average Total Inventories for the quarter that ended in Sep. 2024 was $0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coinbase Global's Days Inventory for the three months ended in Sep. 2024 was 0.00.
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. Coinbase Global's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.
The historical data trend for Coinbase Global'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.
Coinbase Global Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Inventory Turnover | - | - | - | - | - |
Coinbase Global Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Coinbase Global'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 ) |
= | 1063.093 | / ( | (0 | + | 0) | / | 1 ) |
= | 1063.093 | / | 0 | ||||
= | N/A |
Coinbase Global's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover (Q: Sep. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Sep. 2024 ) | / ( | (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Sep. 2024 )) | / | count ) |
= | 349.535 | / ( | (0 | + | 0) | / | 1 ) |
= | 349.535 | / | 0 | ||||
= | N/A |
* 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.
Coinbase Global (NAS:COIN) 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.
Coinbase Global's Days Inventory for the three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 0 | / | 349.535 | * | 365 / 4 | |
= | 0.00 |
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.
Coinbase Global's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 0 | / | 1205.193 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Coinbase Global's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Grewal | officer: Chief Legal Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Emilie Choi | officer: President | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Lawrence J Brock | officer: Chief People Officer | C/O COINBASE GLOBAL, INC., 248 3RD ST #434, OAKLAND CA 94607 |
Brian Armstrong | director, 10 percent owner, officer: Chairman and CEO | 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Ehrsam Frederick Ernest Iii | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Jennifer N. Jones | officer: Chief Accounting Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Alesia J Haas | officer: Chief Financial Officer | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Frederick R Wilson | director, 10 percent owner | |
Gokul Rajaram | director | 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
Marc L Andreessen | director, 10 percent owner | C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111 |
Kathryn Haun | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Tobias Lutke | director | C/O SHOPIFY INC., 150 ELGIN ST., 8TH FLOOR, OTTAWA A6 K2P 1L4 |
Surojit Chatterjee | officer: Chief Product Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Andreessen Horowitz Fund Iii, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Andreessen Horowitz Lsv Fund I-b, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
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