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Coupang CPNG Inventory turnover

Inventory turnover at other companies

Amazon logo
AmazonAMZN
10.1×+0.3×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
6.1×-0.1×

Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$32.31B-12.8%
Enterprise value$31.32B-10.5%
P/S0.9×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on trailing twelve months.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's inventory turnover?
Coupang (CPNG) reported inventory turnover of 12.2× in Q1 2026.
How has Coupang's inventory turnover changed year-over-year?
Coupang's inventory turnover increased by 11.7% year-over-year, from 11× to 12.2×.
What is the long-term trend for Coupang's inventory turnover?
Over 5 years (2020 to 2025), Coupang's inventory turnover has grown at a -7.1% compound annual growth rate (CAGR), from 16.2× to 11.2×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.