Amazon’s capital efficiency and how it is different from other offline (physical) retailers is encapsulated in one single statement in the letter - A billion-dollar sales rate with $30 million in inventory and $30 million in net plant and equipment! (Generated $31 million in operating cash flow)
Customer-focused, not competitor focused
Customer-focused, not competitor focused
Customer-focused, not competitor focused
Amazon’s capital efficiency and how it is different from other offline (physical) retailers is encapsulated in one single statement in the letter - A billion-dollar sales rate with $30 million in inventory and $30 million in net plant and equipment! (Generated $31 million in operating cash flow)