DBGI (Digital Brands Group) Inventory Turnover : 0.26 (As of Sep. 2024)

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What is Digital Brands Group 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. Digital Brands Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.32 Mil. Digital Brands Group's Average Total Inventories for the quarter that ended in Sep. 2024 was $5.05 Mil. Digital Brands Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital Brands Group's Days Inventory for the three months ended in Sep. 2024 was 349.43.

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. Digital Brands Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.07.

Digital Brands Group Inventory Turnover Historical Data

The historical data trend for Digital Brands Group'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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Digital Brands Group Inventory Turnover Chart

Digital Brands Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.53

4.21

2.92

1.72

1.68

Digital Brands Group 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															0.33	0.48	0.39	0.38	0.26

Digital Brands Group Inventory Turnover Calculation

Digital Brands Group'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 )
=	8.372	/ (	(5.123	+	4.85)	/	2 )
=	8.372	/	4.9865
=	1.68

Digital Brands Group'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 )
=	1.319	/ (	(5.061	+	5.041)	/	2 )
=	1.319	/	5.051
=	0.26

Digital Brands Group (OTCPK:DBGI) 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.

Digital Brands Group'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
	=	5.051	/	1.319	*	365 / 4
	=	349.43

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.

Digital Brands Group'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 )
	=	5.051	/	2.441
	=	2.07

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.

Digital Brands Group Inventory Turnover Related Terms

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Digital Brands Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Digital Brands Group Inc (OTCPK:DBGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Lavaca Street, Austin, TX, USA, 78701

Website

https://www.digitalbrandsgroup.co

Digital Brands Group Inc offers a variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. It has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Its brand portfolio consists of Bailey 44, DSTLD, Harper & Jones, Stateside, and Sundry.

Executives

Drew Jones	10 percent owner	2736 ROUTH STREET, DALLAS TX 75202
Huong Doan	director	1400 LAVACA STREET, AUSTIN TX 78701
Trevor Pettennude	director	1400 LAVACA STREET, AUSTIN TX 78701
Moise Emquies	director	1400 LAVACA STREET, AUSTIN TX 78701
Laura Dowling	officer: Chief Marketing Officer	1400 LAVACA STREET, AUSTIN TX 78701
Jameeka Aaron	director	1400 LAVACA STREET, AUSTIN TX 78701
Reid William Yeoman	officer: Chief Financial Officer	1400 LAVACA STREET, AUSTIN TX 78701
Mark Thomas Lynn	director	1400 LAVACA STREET, AUSTIN TX 78791
Davis John Hilburn Iv	officer: Pres., CEO	1400 LAVACA STREET, AUSTIN TX 78701