Burlington Stores Inc (BURL)
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 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,884,000 | 8,573,220 | 8,384,480 | 8,239,710 | 8,071,670 | 7,972,500 | 8,145,780 | 8,227,550 | 8,315,530 | 7,316,400 | 6,124,774 | 4,690,690 | 3,567,461 | 3,535,361 | 3,646,557 | 4,072,641 | 4,253,895 | 4,135,135 | 4,054,063 | 3,961,566 |
| Inventory | US$ in thousands | 1,087,840 | 1,329,130 | 1,161,520 | 1,231,090 | 1,181,980 | 1,445,090 | 1,266,700 | 1,257,100 | 1,021,010 | 1,059,750 | 828,152 | 767,575 | 740,788 | 866,986 | 607,554 | 625,908 | 777,248 | 1,004,390 | 823,787 | 895,813 |
| Inventory turnover | 8.17 | 6.45 | 7.22 | 6.69 | 6.83 | 5.52 | 6.43 | 6.54 | 8.14 | 6.90 | 7.40 | 6.11 | 4.82 | 4.08 | 6.00 | 6.51 | 5.47 | 4.12 | 4.92 | 4.42 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,884,000K ÷ $1,087,840K
= 8.17
Inventory turnover is an important financial ratio that measures how efficiently a company is managing its inventory. In the case of Burlington Stores Inc, the inventory turnover ratio has shown varying levels over the past few quarters.
Looking at the trend, there seems to be some volatility in the ratio, with fluctuations between 4.08 and 8.17. Generally, a higher inventory turnover ratio indicates that the company is efficiently selling its inventory and restocking quickly, which is a positive sign.
However, the ideal inventory turnover ratio can vary depending on the industry and business model. A consistently increasing trend in the ratio would signify that the company is becoming more efficient in managing its inventory. On the other hand, a decreasing trend might indicate potential issues such as overstocking or slow-moving inventory.
It would be important for investors and stakeholders to closely monitor Burlington Stores Inc's inventory turnover ratio along with other financial metrics to assess the company's operational efficiency and financial health.
Peer comparison
Feb 3, 2024
Feb 3, 2024