Costco Wholesale Corp (COST)
Inventory turnover
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 245,265,000 | 234,345,000 | 219,407,000 | 189,271,000 | 161,357,000 |
| Inventory | US$ in thousands | 18,647,000 | 16,651,000 | 17,907,000 | 14,215,000 | 12,242,000 |
| Inventory turnover | 13.15 | 14.07 | 12.25 | 13.31 | 13.18 |
September 1, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $245,265,000K ÷ $18,647,000K
= 13.15
Costco Wholesale Corp's inventory turnover has shown fluctuations over the past five years. In the latest fiscal year ending September 1, 2024, the inventory turnover was 13.15 times, slightly lower compared to the previous year's figure of 14.07. This suggests that Costco's inventory was sold and replaced approximately 13.15 times during the fiscal year.
The trend over the five-year period indicates that the inventory turnover ratio has generally been in the range of 12 to 14 times, with minor variations from year to year. A consistently high inventory turnover ratio signifies that Costco is efficiently managing its inventory levels and selling products quickly.
Overall, while there have been minor fluctuations, Costco's inventory turnover ratio remains relatively stable and at a healthy level. This indicates effective inventory management practices within the company.
Peer comparison
Sep 1, 2024