Capri Holdings Ltd (CPRI)
Inventory turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,398,000 | 5,024,000 | 4,987,000 | 4,949,000 | 4,924,000 | 4,920,000 | 4,913,000 | 4,853,000 | 4,719,000 | 4,675,000 | 4,545,000 | 4,396,000 | 4,014,000 | 3,180,000 | 3,405,000 | 3,817,000 | 4,486,000 | 4,033,000 | 3,802,300 | 3,506,700 |
| Inventory | US$ in thousands | 862,000 | 1,020,000 | 1,099,000 | 1,166,000 | 1,057,000 | 1,188,000 | 1,180,000 | 1,265,000 | 1,096,000 | 978,000 | 866,000 | 760,000 | 736,000 | 789,000 | 930,000 | 948,000 | 827,000 | 960,000 | 1,073,000 | 1,016,000 |
| Inventory turnover | 6.26 | 4.93 | 4.54 | 4.24 | 4.66 | 4.14 | 4.16 | 3.84 | 4.31 | 4.78 | 5.25 | 5.78 | 5.45 | 4.03 | 3.66 | 4.03 | 5.42 | 4.20 | 3.54 | 3.45 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,398,000K ÷ $862,000K
= 6.26
The inventory turnover ratio for Capri Holdings Ltd has exhibited some fluctuations over the past few quarters. The ratio has ranged from a low of 3.45 to a high of 6.26. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
In the latest quarter, the inventory turnover ratio stood at 6.26, which indicates that the company sold and replaced its inventory approximately 6.26 times during the period. This suggests that Capri Holdings Ltd is managing its inventory effectively and efficiently compared to previous quarters.
Looking at the trend over the past few quarters, there appears to be some seasonal variations in the inventory turnover ratio. While the ratio peaked in the first quarter of 2022 at 6.26, it dipped to 3.66 in the third quarter of 2020 before showing a consistent increase until the most recent quarter.
Overall, the analysis of Capri Holdings Ltd's inventory turnover suggests that the company has improved its inventory management efficiency in recent quarters, which can be a positive indication of effective sales and operational performance.
Peer comparison
Mar 31, 2024
Mar 31, 2024