Boot Barn Holdings Inc (BOOT)
Inventory turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,469,674 | 1,482,415 | 1,479,228 | 1,450,752 | 1,426,783 | 1,385,476 | 1,336,918 | 1,291,912 | 1,230,912 | 1,135,051 | 1,002,051 | 914,621 | 807,909 | 761,052 | 749,360 | 748,436 | 772,184 | 722,356 | 641,679 | 584,621 |
| Inventory | US$ in thousands | 599,120 | 563,378 | 585,573 | 566,294 | 589,494 | 592,151 | 641,021 | 534,380 | 474,300 | 385,642 | 350,274 | 296,762 | 275,760 | 246,008 | 260,940 | 261,546 | 288,717 | 275,352 | 301,737 | 253,895 |
| Inventory turnover | 2.45 | 2.63 | 2.53 | 2.56 | 2.42 | 2.34 | 2.09 | 2.42 | 2.60 | 2.94 | 2.86 | 3.08 | 2.93 | 3.09 | 2.87 | 2.86 | 2.67 | 2.62 | 2.13 | 2.30 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,469,674K ÷ $599,120K
= 2.45
Inventory turnover measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced within a specific period.
Boot Barn Holdings Inc's inventory turnover has fluctuated over the past several quarters but generally ranged between 2.09 and 3.09. The highest inventory turnover was observed in the third quarter of 2021, at 3.09, indicating the company turned over its inventory approximately three times during that period.
A rising inventory turnover ratio generally indicates improved inventory management and faster sales. In contrast, a declining ratio may suggest overstocking, slow sales, or obsolete inventory.
It is important for Boot Barn to strike a balance in managing its inventory turnover to ensure efficient inventory levels and optimal sales performance. Monitoring inventory turnover over time can help the company identify trends and make necessary adjustments to enhance operational efficiency and profitability.
Peer comparison
Mar 31, 2024
Mar 31, 2024