Designer Brands Inc (DBI)
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 | 2,100,090 | 2,091,651 | 2,140,929 | 2,185,748 | 2,236,203 | 2,266,046 | 2,226,695 | 2,195,700 | 2,127,946 | 2,033,897 | 1,981,261 | 1,901,279 | 1,923,478 | 2,072,893 | 2,246,197 | 2,388,304 | 2,493,017 | 2,503,444 | 2,403,512 | 2,347,973 |
| Inventory | US$ in thousands | 571,331 | 601,470 | 606,841 | 637,396 | 605,652 | 681,843 | 694,010 | 672,490 | 586,429 | 602,101 | 504,316 | 540,088 | 473,183 | 545,954 | 445,044 | 533,638 | 632,587 | 677,696 | 706,168 | 642,045 |
| Inventory turnover | 3.68 | 3.48 | 3.53 | 3.43 | 3.69 | 3.32 | 3.21 | 3.27 | 3.63 | 3.38 | 3.93 | 3.52 | 4.06 | 3.80 | 5.05 | 4.48 | 3.94 | 3.69 | 3.40 | 3.66 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,100,090K ÷ $571,331K
= 3.68
The inventory turnover ratio of Designer Brands Inc has shown some variability over the past few quarters, ranging from a low of 3.21 to a high of 5.05. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more frequently, which is typically seen as a positive sign of operational efficiency.
Looking at the trend over the past few quarters, it is evident that the inventory turnover ratio has been fluctuating within a relatively narrow range, suggesting that the company has been managing its inventory in a consistent manner. Although there have been some fluctuations, the overall trend seems to show a moderate level of stability in the company's inventory management practices.
It is worth noting that the inventory turnover ratio of 5.05 in August 2020 was particularly high, indicating that Designer Brands Inc was able to sell its inventory at a much faster rate during that period. This may have been driven by various factors such as strong consumer demand, effective inventory management strategies, or seasonal trends.
On the other hand, the inventory turnover ratio of 3.21 in July 2022 was comparatively lower, suggesting a slower rate of inventory movement during that quarter. This could potentially signal challenges in sales performance, overstocking of inventory, or inefficiencies in the supply chain.
Overall, while there have been fluctuations in Designer Brands Inc's inventory turnover ratio, the company's performance in managing inventory turnover appears to have been relatively stable over the analyzed period.
Peer comparison
Feb 3, 2024
Feb 3, 2024