Academy Sports Outdoors Inc (ASO)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,489,740 | 5,554,020 | 5,865,380 | 5,268,840 |
| Inventory | US$ in thousands | 1,194,160 | 1,283,520 | 1,171,810 | 990,034 |
| Inventory turnover | 4.60 | 4.33 | 5.01 | 5.32 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,489,740K ÷ $1,194,160K
= 4.60
Academy Sports Outdoors Inc's inventory turnover ratio has exhibited some fluctuations over the past four years. The company's inventory turnover was 5.32 in January 2021, indicating that inventory was sold and replaced approximately 5.32 times during the year. This ratio decreased to 5.01 in January 2022 and then further declined to 4.33 in January 2023, suggesting a slower rate of inventory turnover.
However, there was a slight improvement in the company's inventory turnover to 4.60 in February 2024. This implies that Academy Sports Outdoors Inc was able to manage its inventory more efficiently during this period compared to the previous year. Overall, the downward trend from 2021 to 2023 raises some concerns about potential issues such as overstocking or slow sales, but the recent uptick in 2024 may indicate a positive shift in inventory management strategies.
Peer comparison
Feb 3, 2024