Fitbit Inc Inventory Turnover Ratio (COS)

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

Fitbit Inc inventory turnover ratio, the Fitbit Inc 's ability to sell and replace its inventory in the third quarter 2020, sequentially increased to 8.94 in the third quarter 2020, a new company high. Average inventory processing period, for the Fitbit Inc in Oct 03 2020 quarter, has decreased to 41 days, compare to 55 days, in the Jul 04 2020 quarter.

Within Technology sector 60 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2020, to 484, from total ranking in the second quarter 2020 at 652.

FIT Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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FIT Inventory Turnover Ratio	(Oct 03 2020) III. Quarter	(Jul 04 2020) II. Quarter	(Apr 04 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 28 2019) III. Quarter
Y / Y Inventory Growth	-59.61 %	-59.63 %	-39.39 %	9.51 %	25.62 %
Y / Y Cost of Sales Growth	-4.65 %	-18.07 %	-26.97 %	7.29 %	-0.34 %
Inventory Turnover Ratio (TTM)	8.94	6.66	5.9	5.61	5.56
FIT's Total Ranking	# 484	# 652	# 483	# 482	# 483
Average inventory processing period	41	55	62	65	66
Seq. Inventory Growth	51.44 %	-38.18 %	-22.67 %	-44.2 %	51.36 %
Seq. Cost of Sales Growth	35.6 %	26.26 %	-64.95 %	58.87 %	16.51 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Computer Hardware Industry	# 5
Technology Sector	# 61
Overall Market	# 484

Inventory Turnover Ratio Statistics
High	Average	Low
8.94	5.92	2.35
(Oct 03 2020)		(Sep 30 2015)

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

Financial Statements
Fitbit Inc 's Inventories	$ 99 Millions	Visit FIT's Balance sheet
Fitbit Inc 's Cost of Revenues TTM	$ 910 Millions	Visit FIT's Income Statement
What are FIT's Sales?		Visit FIT's Sales by Segment

Other Inventory Turnover Ratios
Fitbit Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Computer Hardware Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
FIT's Inventory Turnover Ratio versus Computer Hardware Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for FIT's Competitors
Inventory Turnover Ratio for FIT's Suppliers
Inventory Turnover Ratio for FIT's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Oct 03 2020, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Oct 03 2020	Inventories at quarter ending Oct 03 2020
Omniq Corp	24.98	$ 42.928 Millions	$ 2 Millions
Alpha And Omega Semiconductor Limited	24.00	$ 380.336 Millions	$ 16 Millions
Focus Universal Inc	23.64	$ 1.625 Millions	$ 0 Millions
Agilysys Inc	23.34	$ 63.388 Millions	$ 3 Millions
Franklin Wireless Corp	22.80	$ 104.596 Millions	$ 5 Millions
Avaya Holdings Corp	22.78	$ 1,293.000 Millions	$ 57 Millions
Microsoft Corporation	22.47	$ 46,674.000 Millions	$ 2,077 Millions
Iteris inc	21.59	$ 68.688 Millions	$ 3 Millions
International Business Machines Corporation	21.53	$ 38,879.000 Millions	$ 1,806 Millions
Verint Systems Inc	19.21	$ 423.493 Millions	$ 22 Millions
Maxar Technologies Inc	18.62	$ 433.000 Millions	$ 23 Millions
Dell Technologies Inc	18.19	$ 63,190.000 Millions	$ 3,473 Millions
Amkor Technology Inc	17.97	$ 4,786.918 Millions	$ 266 Millions
Franklin Covey Co	17.19	$ 53.086 Millions	$ 3 Millions
Ttm Technologies Inc	15.45	$ 1,905.174 Millions	$ 123 Millions
Netapp Inc	14.41	$ 1,837.000 Millions	$ 128 Millions
F5 Inc	13.59	$ 407.887 Millions	$ 30 Millions
Cisco Systems Inc	13.42	$ 17,273.000 Millions	$ 1,288 Millions
Neogenomics Inc	12.84	$ 246.956 Millions	$ 19 Millions
Birchtech Corp	12.74	$ 6.095 Millions	$ 0 Millions
Enphase Energy Inc	12.34	$ 417.694 Millions	$ 34 Millions
Sonic Foundry Inc	11.96	$ 9.634 Millions	$ 1 Millions
Alpine 4 Holdings Inc	11.92	$ 28.520 Millions	$ 2 Millions
Cantaloupe Inc	11.62	$ 107.574 Millions	$ 9 Millions
Fg Group Holdings Inc	10.89	$ 31.313 Millions	$ 3 Millions
Broadcom Inc	10.42	$ 10,372.000 Millions	$ 995 Millions
Great Elm Capital Group Inc	10.36	$ 15.799 Millions	$ 2 Millions
Vocera Communications Inc	9.58	$ 70.918 Millions	$ 7 Millions
Inseego Corp	9.56	$ 200.674 Millions	$ 21 Millions
Netscout Systems Inc	9.54	$ 240.197 Millions	$ 25 Millions

Date modified: 2026-08-29T17:31:41+00:00

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