Covetrus (CVET) Inventory Turnover Ratio, from second quarter 2022 to second quarter 2021, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Covetrus Inc.  (NASDAQ: CVET)
 

Covetrus Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Covetrus's inventory turnover ratio, the ratio that measures Covetrus's ability to manage its supply chain, sequentially decreased to 6.41 in the second quarter 2022, but it does not raise any concerns as Covetrus continue to execute well, and the inventory turnover ratio remains above the average. Average processing period, for Covetrus's inventories remained unchanged at 57 days, in the Jun 30 2022 quarter.

Within Retail sector 70 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Second Quarter 2022 compared to previous quarter at no. 679.

CVET Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Covetrus Inc. Market Share?

What is Inventory Turnover Ratio?



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CVET Inventory Turnover Ratio (Jun 30 2022)
II. Quarter		 (Mar 31 2022)
I. Quarter		 (Dec 31 2021)
IV. Quarter		 (Sep 30 2021)
III. Quarter		 (Jun 30 2021)
II. Quarter
Y / Y Inventory Growth 5.39 % 13.51 % 10 % 5.95 % 15.08 %
Y / Y Cost of Sales Growth 1.96 % 3.48 % -0.66 % 1.83 % 16.19 %
Inventory Turnover Ratio (TTM) 6.41 6.46 6.62 6.79 6.85
CVET's Total Ranking # 679 # 679 # 689 # 643 # 680
Average inventory processing period 57 57 55 54 53
Seq. Inventory Growth -6.83 % 8.06 % 5.62 % -0.9 % 0.36 %
Seq. Cost of Sales Growth 7.04 % 1.43 % -3.81 % -2.37 % 8.63 %




Inventory Turnover Ratio Company Ranking
Within: No.
Pharmacy Services & Retail Drugstore Industry # 11
Retail Sector # 71
Overall Market # 679

Inventory Turnover Ratio Statistics
High Average Low
6.85 6.34 5.41
(Jun 30 2021)   (Dec 31 2019)



CVET Company Profile >> Back to CVET Efficiency Comparisons >> Compare CVET Inventory Turnover Ratio to its Competitors

Financial Statements
Covetrus's Inventories $ 587 Millions Visit CVET's Balance sheet
Covetrus's Cost of Revenues TTM $ 3,767 Millions Visit CVET's Income Statement
What are CVET's Sales? Visit CVET's Sales by Segment

Other Inventory Turnover Ratios
Covetrus's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Pharmacy Services & Retail Drugstore Industry Inventory Turnover Trends and Statistics
Retail Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
CVET's Inventory Turnover Ratio versus Pharmacy Services & Retail Drugstore Industry, Retail Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for CVET's Competitors
Inventory Turnover Ratio for CVET's Suppliers
Inventory Turnover Ratio for CVET's Customers

You may also want to know
CVET's Sales Growth Rates CVET's Pe Price to earnings ratio CVET's Receivables Turnover Ratio CVET's Stock Quote
CVET's Net Income Growth Rates CVET's Ps Price to Sales ratio CVET's Sales per Employee CVET's Asset Turnover Ratio
CVET's Net Margin CVET's Pb Price to Book ratio CVET's Financial Strength Ratios CVET's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2022, within Retail Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2022 Inventories at quarter ending Jun 30 2022
Kroger Co  16.15 $ 117,532.000  Millions$ 7,278  Millions
Amcon Distributing Co  15.99 $ 1,699.992  Millions$ 106  Millions
Us Foods Holding Corp   15.77 $ 27,093.000  Millions$ 1,718  Millions
Asbury Automotive Group Inc   15.76 $ 10,305.800  Millions$ 654  Millions
Star Group L p   15.70 $ 1,181.267  Millions$ 75  Millions
Performance Food Group Company  14.52 $ 45,637.000  Millions$ 3,142  Millions
Sprouts Farmers Market Inc   14.43 $ 3,973.472  Millions$ 275  Millions
Cvs Health Corporation  14.39 $ 254,400.000  Millions$ 17,674  Millions
Spartannash Company  13.95 $ 7,746.458  Millions$ 555  Millions
Mckesson Corporation  13.34 $ 255,325.000  Millions$ 19,143  Millions
Albertsons Companies Inc   13.12 $ 57,580.600  Millions$ 4,389  Millions
Cosmos Health Inc   13.11 $ 47.024  Millions$ 4  Millions
Pc Connection Inc   12.65 $ 2,655.456  Millions$ 210  Millions
Stemtech Corporation  12.29 $ 3.319  Millions$ 0  Millions
Autonation Inc   12.27 $ 21,319.700  Millions$ 1,737  Millions
Blue Apron Holdings Inc   11.88 $ 303.234  Millions$ 26  Millions
Coupang Inc   11.80 $ 16,118.578  Millions$ 1,366  Millions
Costco Wholesale Corp  11.68 $ 190,557.000  Millions$ 16,316  Millions
Group 1 Automotive Inc  11.56 $ 11,979.300  Millions$ 1,036  Millions
Cardinal Health Inc   11.50 $ 174,819.000  Millions$ 15,198  Millions
Walgreens Boots Alliance Inc   11.49 $ 100,797.000  Millions$ 8,775  Millions
Bj s Wholesale Club Holdings Inc   11.23 $ 14,983.097  Millions$ 1,334  Millions
Chewy Inc   11.19 $ 6,918.928  Millions$ 618  Millions
Chefs Warehouse Inc   11.08 $ 1,693.598  Millions$ 153  Millions
Addvantage Technologies Group Inc   10.62 $ 66.381  Millions$ 6  Millions
Ingles Markets Incorporated  10.45 $ 4,170.006  Millions$ 399  Millions
Ferrellgas Partners L P  10.10 $ 1,174.004  Millions$ 116  Millions
United Natural Foods inc   10.02 $ 24,746.000  Millions$ 2,469  Millions
Rite Aid Corp  9.98 $ 19,403.504  Millions$ 1,944  Millions
Sonic Automotive Inc   9.72 $ 11,057.057  Millions$ 1,138  Millions

Date modified: 2026-08-29T17:42:01+00:00




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