Shutterfly (Shutterfly) Inventory Turnover : 11.49 (As of Jun. 2019)

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What is Shutterfly 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. Shutterfly's Cost of Goods Sold for the three months ended in Jun. 2019 was $241 Mil. Shutterfly's Average Total Inventories for the quarter that ended in Jun. 2019 was $21 Mil. Shutterfly's Inventory Turnover for the quarter that ended in Jun. 2019 was 11.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shutterfly's Days Inventory for the three months ended in Jun. 2019 was 7.94.

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. Shutterfly's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.04.

Shutterfly Inventory Turnover Historical Data

The historical data trend for Shutterfly'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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Shutterfly Inventory Turnover Chart

Shutterfly Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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39.98

39.88

44.90

54.56

66.24

Shutterfly Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															18.35	13.48	20.92	10.80	11.49

Shutterfly Inventory Turnover Calculation

Shutterfly's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	961.575	/ (	(11.019	+	18.015)	/	2 )
=	961.575	/	14.517
=	66.24

Shutterfly's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	240.513	/ (	(20.932	+	20.916)	/	2 )
=	240.513	/	20.924
=	11.49

Shutterfly (NAS:SFLY) 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.

Shutterfly's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	20.924	/	240.513	*	365 / 4
	=	7.94

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.

Shutterfly's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	20.924	/	473.416
	=	0.04

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.

Shutterfly Inventory Turnover Related Terms

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Shutterfly (Shutterfly) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Shutterfly Inc (NAS:SFLY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2800 Bridge Parkway, Redwood City, CA, USA, 94065

Website

http://www.shutterflyinc.com

Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.

Executives

Betsy Rafael	director	550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather	director
Henry Tayloe Stansbury	director	807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope	officer: SVP & Chief Financial Officer	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara	director, officer: President and CEO	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing	director	NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold	officer: President, Shutterfly Ent.	6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle	officer: SVP, Chief Marketing Officer	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt	officer: President, Shutterfly Consumer	1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser	director
Eva Manolis	director	C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral	officer: Chief Accounting Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold	director, officer: PRESIDENT & CEO	303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan	officer: SVP, Chief Financial Officer	C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069