Walgreens Boots Alliance (XTER:W8A) Inventory Turnover : 3.67 (As of Aug. 2024)

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What is Walgreens Boots Alliance 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. Walgreens Boots Alliance's Cost of Goods Sold for the three months ended in Aug. 2024 was €28,384 Mil. Walgreens Boots Alliance's Average Total Inventories for the quarter that ended in Aug. 2024 was €7,740 Mil. Walgreens Boots Alliance's Inventory Turnover for the quarter that ended in Aug. 2024 was 3.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Walgreens Boots Alliance's Days Inventory for the three months ended in Aug. 2024 was 24.88.

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. Walgreens Boots Alliance's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.23.

Walgreens Boots Alliance Inventory Turnover Historical Data

The historical data trend for Walgreens Boots Alliance'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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Walgreens Boots Alliance Inventory Turnover Chart

Walgreens Boots Alliance Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Inventory Turnover

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10.75

13.03

13.58

12.99

14.53

Walgreens Boots Alliance Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Inventory Turnover	Get a 7-Day Free Trial															3.52	3.39	3.34	3.49	3.67

Walgreens Boots Alliance Inventory Turnover Calculation

Walgreens Boots Alliance's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Inventory Turnover (A: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2024 )	/ (	(Total Inventories (A: Aug. 2023 )	+	Total Inventories (A: Aug. 2024 ))	/	count )
=	109868.538	/ (	(7571.669	+	7546.24)	/	2 )
=	109868.538	/	7558.9545
=	14.53

Walgreens Boots Alliance's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	28383.658	/ (	(7934.65	+	7546.24)	/	2 )
=	28383.658	/	7740.445
=	3.67

Walgreens Boots Alliance (XTER:W8A) 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.

Walgreens Boots Alliance's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	7740.445	/	28383.658	*	365 / 4
	=	24.88

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.

Walgreens Boots Alliance's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	7740.445	/	34055.129
	=	0.23

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.

Walgreens Boots Alliance Inventory Turnover Related Terms

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Walgreens Boots Alliance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Walgreens Boots Alliance Inc (XTER:W8A) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WBA:USA WBA:Mexico 1WBA:Italy W8Ad:UK 0LSZ:UK W8A:Germany W8A:Germany W8A:Germany WGBA34:Brazil WBA:Austria

Address

108 Wilmot Road, Deerfield, IL, USA, 60015

Website

https://www.walgreensbootsalliance.com

Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the US. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.

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