Burlington Stores Inc (BURL)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,882,250 | 8,071,680 | 8,315,480 | 3,567,460 | 4,253,900 |
| Inventory | US$ in thousands | 1,087,840 | 1,181,980 | 1,021,010 | 740,788 | 777,248 |
| Inventory turnover | 8.17 | 6.83 | 8.14 | 4.82 | 5.47 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,882,250K ÷ $1,087,840K
= 8.17
Inventory turnover for Burlington Stores Inc has been fluctuating over the past five years. The company's inventory turnover ratio in the most recent fiscal year (ending Feb 3, 2024) was 8.17, indicating that the company sold and replaced its inventory approximately 8.17 times during that period. This represents an improvement from the previous year but is consistent with the higher turnover levels observed in fiscal years 2022 and 2020.
A higher inventory turnover ratio generally suggests that a company is managing its inventory efficiently by quickly selling through its merchandise. Burlington Stores Inc's ability to turnover its inventory at a faster rate can indicate effective inventory management and potentially lower risk of inventory obsolescence or carrying costs.
It's important to note that while a high turnover ratio is generally favorable, it should be analyzed alongside other financial metrics to get a comprehensive view of the company's overall performance and profitability.
Peer comparison
Feb 3, 2024