FedEx (XSWX:FDX) Inventory Turnover: 29.33 (As of Feb. 2026)


XSWX:FDX FedEx Corp XSWX:FDX
81 GF Score
Price CHF262.94
GF Value CHF191.07
! 9 Warning Signs
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What is FedEx Inventory Turnover?

FedEx XSWX:FDX -0.03% 81 Inventory Turnover is 29.33 as of Feb. 2026. GuruFocus rates XSWX:FDX with a GF Score™ of 81/100 and a GF Value™ of CHF191.07. The stock has 9 warning signs investors should review.

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. FedEx's Cost of Goods Sold for the three months ended in Feb. 2026 was CHF14,590 Mil. FedEx's Average Total Inventories for the quarter that ended in Feb. 2026 was CHF497 Mil. FedEx's Inventory Turnover for the quarter that ended in Feb. 2026 was 29.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FedEx's Days Inventory for the three months ended in Feb. 2026 was 3.11.

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. FedEx's Inventory-to-Revenue for the quarter that ended in Feb. 2026 was 0.03.

FedEx  (XSWX:FDX) 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.

FedEx's Days Inventory for the three months ended in Feb. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Feb. 2026 )/Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=497.4175/14590.033*365 / 4
=3.11

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.

FedEx's Inventory to Revenue for the quarter that ended in Feb. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=497.4175 / 18549.6
=0.03

* 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.

FedEx Inventory Turnover Related Terms

FedEx Inventory Turnover Historical Data

* Premium members only.

The historical data trend for FedEx'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.

FedEx Inventory Turnover Chart

FedEx Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.28 109.90 124.58 109.24 113.56

FedEx Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Inventory Turnover Get a 7-Day Free Trial 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 28.54 26.56 28.68 29.66 29.33
XSWX:FDX
81GF Score
FedEx Corp XSWX:FDX
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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FedEx Inventory Turnover Calculation

FedEx's Inventory Turnover for the fiscal year that ended in May. 2024 is calculated as

Inventory Turnover (A: May. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2024 ) / ((Total Inventories (A: May. 2023 ) + Total Inventories (A: May. 2024 )) / count )
=62471.82 / ((542.211 + 558.003) / 2 )
=62471.82 / 550.107
=113.56

FedEx's Inventory Turnover for the quarter that ended in Feb. 2026 is calculated as

Inventory Turnover (Q: Feb. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Feb. 2026 ) / ((Total Inventories (Q: Nov. 2025 ) + Total Inventories (Q: Feb. 2026 )) / count )
=14590.033 / ((507.135 + 487.7) / 2 )
=14590.033 / 497.4175
=29.33

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 29.33 mean?
FedEx (XSWX:FDX) has a Inventory Turnover of 29.33 as of Feb. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on FedEx and its competitors.
Is FedEx's Inventory Turnover too high?
FedEx's current Inventory Turnover is 29.33. Overall, FedEx has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does FedEx's Inventory Turnover compare to UPS and JBHT?
FedEx's Inventory Turnover of 29.33 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Transportation company?
A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on FedEx and its competitors. FedEx's current Inventory Turnover is 29.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FedEx stock overvalued right now?
FedEx (XSWX:FDX) has a current Inventory Turnover of 29.33. The stock's GF Value™ is CHF191.07, compared to a current price of CHF262.94 — trading 37.6% above its estimated fair value. The current Inventory Turnover is 29.33. FedEx's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For FedEx (XSWX:FDX), the current Inventory Turnover is 29.33 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FedEx (XSWX:FDX) Overvalued in 2026?

Based on GuruFocus' analysis, FedEx stock appears to be overvalued. The current stock price of CHF262.94 is trading 37.6% above its estimated GF Value™ of CHF191.07.

Key valuation signals for XSWX:FDX:

  • Inventory Turnover: 29.33
  • GF Value™: CHF191.07 vs. price of CHF262.94 (37.6% above fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the XSWX:FDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FedEx Business Description

Address 942 South Shady Grove Road, Memphis, TN, USA, 38120
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. Following the June 2026 spinoff of FedEx Freight (less-than-truckload shipping), the firm's Federal Express segment—which houses the core package delivery operations—makes up more than 95% of total revenue (previously 87%). The remainder stems from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
81GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF262.94
Price
CHF191.07
GF Value