Academy Sports Outdoors Inc (ASO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,489,730 | 5,437,770 | 5,491,120 | 5,549,190 | 5,554,020 | 5,617,290 | 5,679,570 | 5,786,360 | 5,865,380 | 5,711,310 | 5,602,150 | |||
| Inventory | US$ in thousands | 1,194,160 | 1,492,220 | 1,309,030 | 1,386,460 | 1,283,520 | 1,495,460 | 1,304,560 | 1,323,890 | 1,171,810 | 1,325,980 | 1,115,020 | 1,080,800 | 990,034 | 1,082,910 |
| Inventory turnover | 4.60 | 3.64 | 4.19 | 4.00 | 4.33 | 3.76 | 4.35 | 4.37 | 5.01 | 4.31 | 5.02 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,489,730K ÷ $1,194,160K
= 4.60
The inventory turnover ratio for Academy Sports Outdoors Inc has shown fluctuation over the past few quarters. The ratio indicates how many times the company's inventory was sold and replaced during a specific period.
From October 2020 to February 2024, the inventory turnover ratio ranged from a low of 3.64 to a high of 5.02 times. Generally, a higher inventory turnover ratio suggests more efficient inventory management and indicates that the company is selling its products quickly.
Academy Sports Outdoors Inc's inventory turnover ratio peaked at 5.02 in January 2022, which could indicate effective inventory management or potentially a high demand for its products during that period. However, it's important to note that fluctuations in the ratio could be influenced by various factors such as seasonal demand, production issues, or changes in consumer behavior.
Overall, while the company's inventory turnover ratio has shown variability, it has generally remained within a moderate range, suggesting that Academy Sports Outdoors Inc has been effectively managing its inventory levels to meet consumer demand.
Peer comparison
Feb 3, 2024
Feb 3, 2024