Buckle Inc (BKE)

Inventory turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Cost of revenue	US$ in thousands	624,902	990,043	642,037	669,184	1,017,060
Inventory	US$ in thousands	120,789	126,290	126,290	125,134	125,134
Inventory turnover		5.17	7.84	5.08	5.35	8.13

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $624,902K ÷ $120,789K
= 5.17

The inventory turnover ratio for Buckle Inc has shown some fluctuations over the years. In January 2023, the company had an inventory turnover of 8.13, indicating that its inventory was sold and replaced approximately 8.13 times during that period. However, in the following years, the inventory turnover decreased to 5.35 in January 2023, 5.08 in January 2024, and 5.17 in January 2025.

It's worth noting that a higher inventory turnover is generally considered positive as it suggests that the company is managing its inventory efficiently and selling its products quickly. The increase in inventory turnover from 5.08 in January 2024 to 7.84 in February 2024 is a positive sign, indicating a more efficient management of inventory during that period.

Overall, the inventory turnover ratios for Buckle Inc suggest that the company has been able to effectively manage its inventory levels, although there have been some fluctuations over the years.