Hop Designer
Shubham Kaushal
Category
Operations, Export
This is a report of the inventory of your products that are currently available for sale on your store. This report gives you the inventory value of your products and their variants. Inventory value is determined by the cost of your items, or the price you are selling them at, whichever is lower. For example, if your item unit cost is $5 and you sell it at $10, for 100 units the inventory value is $500. If your item unit cost is $5 and you sell it at $2, for 100 units the inventory value is $200. The snapshot will show inventory value at the time of reporting. These calculations are done following GAAP standards.
You can also customize this report to only include certain SKUs of your choice.
Integration(s)
How to use this Hop.
Simply create an Airboxr account and connect your Shopify store to automatically run this export/analysis for your store. If you already have an account, click on the Add to my Collection button above.
Inventory Valuation: The report provides an accurate valuation of the inventory based on Generally Accepted Accounting Principles (GAAP). This valuation gives stores information on the value of their current stock and is essential for financial reporting and decision-making.
Price and Quantity Relationship: Analyzing the relationship between product prices and available quantities offers insights into the revenue potential of the current inventory. E-commerce stores can identify products with high margins, assess the impact of discounts or promotions on inventory value, and make pricing decisions that align with business goals and market conditions.
Quantity-based Metrics: The quantity-related metrics in the report, such as the total quantity available, contribute to inventory management strategies. Businesses can identify products with low stock levels, anticipate potential stockouts, and reorder products strategically to maintain optimal inventory levels.
In This Report
Metrics
Price
Cost
Quantity
Inventory Value
Grouped By
Product Title
Variant Title
Product Type
Custom Product Type
SKU
Connect your Shopify store and automate this report. You will never have to manually work with data again.