Academy Sports Outdoors Inc (ASO)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,921,990 | 5,489,740 | 4,049,080 | 4,182,570 | 5,554,020 |
| Inventory | US$ in thousands | 1,308,840 | 1,194,160 | 1,194,160 | 1,283,520 | 1,283,520 |
| Inventory turnover | 3.00 | 4.60 | 3.39 | 3.26 | 4.33 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,921,990K ÷ $1,308,840K
= 3.00
To analyze Academy Sports Outdoors Inc's inventory turnover, we look at how efficiently the company is managing its inventory. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory during a specific period.
Based on the provided data:
- In January 28, 2023, the inventory turnover was 4.33, indicating that the company sold and replaced its inventory approximately 4.33 times during that period.
- By January 31, 2023, the inventory turnover decreased to 3.26, suggesting a slower rate of inventory turnover compared to the previous period.
- However, by January 31, 2024, the inventory turnover improved slightly to 3.39, indicating a moderate increase in the efficiency of managing inventory.
- By February 3, 2024, the inventory turnover ratio significantly increased to 4.60, reflecting a more efficient management of inventory during this period.
- In the most recent data point, January 31, 2025, the inventory turnover ratio decreased to 3.00, signaling a decrease in the rate at which inventory is being sold and replaced.
Overall, fluctuations in the inventory turnover ratio can indicate changes in the company's sales volume, inventory management practices, or pricing strategies. It is essential for the company to monitor and optimize its inventory turnover to ensure efficient operations and maximize profitability.
Peer comparison
Jan 31, 2025