Core & Main Inc (CNM)
Inventory turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,461,000 | 4,884,000 | 5,962,000 | 4,856,000 | 5,876,000 |
| Inventory | US$ in thousands | 908,000 | 766,000 | 766,000 | 1,047,000 | 1,047,000 |
| Inventory turnover | 6.01 | 6.38 | 7.78 | 4.64 | 5.61 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,461,000K ÷ $908,000K
= 6.01
Core & Main Inc's inventory turnover has shown fluctuations over the past few years. The inventory turnover ratio, which measures how many times the company's inventory is sold and replenished within a specific period, was 5.61 on January 29, 2023. This indicates that the company's inventory turned over approximately 5.61 times during that particular period.
Subsequently, the inventory turnover ratio decreased to 4.64 on January 31, 2023, suggesting a slower rate of inventory turnover. However, by January 28, 2024, the ratio significantly improved to 7.78, indicating a more efficient management of inventory during that period.
In the following year, on January 31, 2024, the inventory turnover ratio slightly decreased to 6.38, but still remained relatively high compared to previous years. Lastly, on January 31, 2025, the ratio stood at 6.01, indicating a stable turnover of inventory during that period.
Overall, Core & Main Inc's inventory turnover has shown variability over the years, with some fluctuations in the rate at which inventory is sold and replenished. This variability may be influenced by factors such as demand fluctuations, inventory management practices, and overall business operations.