Boot Barn Holdings Inc (BOOT)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,194,070 | 1,052,580 | 1,047,040 | 913,183 | 598,612 |
| Inventory | US$ in thousands | 747,191 | 599,120 | 589,494 | 474,300 | 275,760 |
| Inventory turnover | 1.60 | 1.76 | 1.78 | 1.93 | 2.17 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,194,070K ÷ $747,191K
= 1.60
Boot Barn Holdings Inc's inventory turnover has shown a decreasing trend over the past five years. The company's inventory turnover ratio decreased from 2.17 in March 31, 2021, to 1.60 in March 31, 2025. This downward trend indicates that the company is selling its inventory at a slower rate compared to the previous years. A lower inventory turnover ratio may suggest inefficiencies in inventory management, overstocking, or slower sales. It is essential for the company to closely monitor its inventory levels and sales strategies to improve turnover efficiency and optimize its working capital.
Peer comparison
Mar 31, 2025