Abercrombie & Fitch Company (ANF)

Inventory turnover

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Cost of revenue (ttm)	US$ in thousands	1,587,265	1,579,456	1,567,962	1,556,197	1,593,213	1,545,905	1,515,553	1,477,718	1,400,773	1,359,577	1,325,881	1,299,236	1,234,179	1,286,441	1,335,762	1,403,487	1,472,155	1,310,243	1,301,221	1,247,330
Inventory	US$ in thousands	469,466	595,067	493,479	447,806	505,621	741,963	708,024	562,510	525,864	543,713	415,604	388,633	404,053	545,548	453,239	426,594	434,326	590,883	487,109	432,350
Inventory turnover		3.38	2.65	3.18	3.48	3.15	2.08	2.14	2.63	2.66	2.50	3.19	3.34	3.05	2.36	2.95	3.29	3.39	2.22	2.67	2.89

February 3, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,587,265K ÷ $469,466K
= 3.38

The inventory turnover ratio for Abercrombie & Fitch Company has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific period.

Looking at the data provided, we can see that the inventory turnover ratio ranged from a low of 2.08 to a high of 3.48 over the last 20 quarters. The ratio peaked at 3.48 in April 29, 2023, indicating that inventory was turned over 3.48 times during that period. On the other hand, the lowest ratio of 2.08 was observed in October 29, 2022.

Overall, it appears that Abercrombie & Fitch has been able to maintain a relatively consistent inventory turnover performance, with some quarters outperforming others. It is essential for the company to strike a balance in managing its inventory levels to ensure optimal turnover without risking stockouts or excess inventory. Further analysis and comparison with industry benchmarks would provide more insights into the company's inventory management efficiency.