Dick’s Sporting Goods Inc (DKS)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,098,200 | 11,270,700 | 10,262,600 | 8,846,840 | 8,408,730 |
| Inventory | US$ in thousands | 2,848,800 | 2,830,920 | 2,297,610 | 1,953,570 | 2,202,280 |
| Inventory turnover | 4.25 | 3.98 | 4.47 | 4.53 | 3.82 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $12,098,200K ÷ $2,848,800K
= 4.25
The inventory turnover of Dick’s Sporting Goods Inc has shown variations over the past five years. The trend indicates a relatively consistent performance, with the highest turnover ratio of 4.53 in January 2021 and the lowest ratio of 3.82 in February 2020. Overall, the company has managed to maintain a healthy turnover ratio, with an average of approximately 4.21 over the five-year period. This suggests that Dick’s Sporting Goods Inc effectively manages its inventory levels, generating sales relative to the amount of inventory held. An inventory turnover ratio above 4 indicates efficient management of inventory, which can help the company mitigate risks associated with excess or obsolete inventory.
Peer comparison
Feb 3, 2024