Shopify Inventory Turnover Ratio 2013-2024 | SHOP
Current and historical inventory turnover ratio for Shopify (SHOP) from 2013 to 2024. Inventory turnover ratio can be defined as a ratio showing how many times a company's inventory is sold and replaced over a period. Shopify inventory turnover ratio for the three months ending December 31, 2024 was 0.00.
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Computer and Technology | INTERNET SERVICES | $128.511B | $8.880B |
| Shopify Inc. provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses. Merchants use the company's software to run business across various sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. Shopify's platform enables merchants to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics along with reporting from one integrated back office. Moreover, Shopify hosts a huge database of merchant and customer interactions. Merchants leverage this transactional dataset to get meaningful insight into the sales channel growth prospects and consumer behavioral aspects. This improves their ability to target prospective customers more easily, which drives sales growth. | |||