Cracker Barrel Old Country Store (CBRL)

Inventory turnover

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Cost of revenue (ttm)	US$ in thousands	2,694,657	2,621,495	2,594,263	2,589,720	2,600,175	2,600,963	2,569,712	2,507,102	2,446,244	2,380,674	2,299,905	2,172,378	2,079,836	1,917,630	1,797,127	1,896,594	1,954,221	2,116,499	2,265,738	2,248,545
Inventory	US$ in thousands	180,958	175,278	172,702	207,269	189,364	184,813	187,251	231,010	213,249	192,360	153,883	159,633	138,320	132,382	134,768	155,737	139,091	146,279	157,352	188,719
Inventory turnover		14.89	14.96	15.02	12.49	13.73	14.07	13.72	10.85	11.47	12.38	14.95	13.61	15.04	14.49	13.33	12.18	14.05	14.47	14.40	11.91

August 2, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,694,657K ÷ $180,958K
= 14.89

Cracker Barrel Old Country Store's inventory turnover has displayed some fluctuations over the past 20 quarters, ranging from a low of 10.85 to a high of 15.04. Overall, the company has maintained a healthy inventory turnover ratio, indicating efficient management of inventory levels. The average inventory turnover ratio over this period is approximately 13.57.

Higher inventory turnover ratios suggest that Cracker Barrel is selling its inventory more quickly, which is generally a positive sign as it reduces the risk of obsolete or perishable inventory. The consistent levels of inventory turnover also indicate the company's ability to effectively manage its inventory levels to meet customer demand.

It is important to note that changes in the inventory turnover ratio can be influenced by various factors, such as changes in consumer demand, inventory management practices, and product offerings. Analyzing trends in inventory turnover over time can provide insights into the company's operational efficiency and supply chain management.