Foot Locker Inc (FL)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,666,000 | 8,034,000 | 5,895,000 | 5,955,000 | 8,136,000 |
| Inventory | US$ in thousands | 1,525,000 | 1,509,000 | 1,509,000 | 1,643,000 | 1,643,000 |
| Inventory turnover | 3.72 | 5.32 | 3.91 | 3.62 | 4.95 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,666,000K ÷ $1,525,000K
= 3.72
Foot Locker Inc's inventory turnover ratio, a key metric used to measure how efficiently the company manages its inventory, has fluctuated over the past five periods. In January 2023, the inventory turnover was 4.95, indicating that the company sold and replaced its inventory nearly 5 times during that period. This ratio decreased to 3.62 by January 31, 2023, suggesting a decrease in the efficiency of inventory management.
However, there was a slight improvement in inventory turnover to 3.91 by January 31, 2024. This suggests that Foot Locker Inc was able to sell and replenish its inventory more frequently compared to the previous period. By February 3, 2024, the inventory turnover ratio increased further to 5.32, indicating an even more efficient management of inventory during that period.
In the most recent period ending January 31, 2025, the inventory turnover ratio decreased to 3.72. This decrease may indicate that Foot Locker Inc took longer to sell and restock its inventory during that period compared to the previous one. Overall, the fluctuation in the inventory turnover ratio over the periods analyzed may reflect changes in sales strategies, inventory management practices, and demand patterns within Foot Locker Inc.
Peer comparison
Jan 31, 2025