Dick’s Sporting Goods Inc (DKS)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,617,150 | 12,098,200 | 8,438,660 | 8,083,640 | 11,270,700 |
| Inventory | US$ in thousands | 3,349,830 | 2,848,800 | 2,848,800 | 2,830,920 | 2,830,920 |
| Inventory turnover | 2.57 | 4.25 | 2.96 | 2.86 | 3.98 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,617,150K ÷ $3,349,830K
= 2.57
During the period from January 28, 2023, to January 31, 2025, Dick’s Sporting Goods Inc experienced fluctuations in its inventory turnover ratio.
The inventory turnover ratio is used to measure the efficiency at which a company manages its inventory. A higher turnover ratio indicates that the company is selling its inventory quickly, while a lower ratio may suggest inefficiencies in inventory management.
Dick’s Sporting Goods Inc's inventory turnover ratio started at 3.98 on January 28, 2023. By January 31, 2023, it decreased to 2.86, likely indicating a slowdown in inventory sales. The ratio improved slightly to 2.96 by January 31, 2024.
However, by February 3, 2024, the ratio significantly increased to 4.25, reflecting a more efficient inventory turnover. This improvement may suggest effective inventory management or an increase in sales volume.
Subsequently, by January 31, 2025, the inventory turnover ratio dropped to 2.57, indicating a potential decrease in sales or inventory management challenges during that period.
Overall, fluctuations in Dick’s Sporting Goods Inc's inventory turnover ratios over the analyzed period may reflect changes in sales performance, inventory management practices, or market conditions affecting the company's operations.
Peer comparison
Jan 31, 2025