Foot Locker Inc (FL)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,034,000 | 8,136,000 | 8,098,000 | 7,225,000 | 7,339,000 |
| Inventory | US$ in thousands | 1,509,000 | 1,643,000 | 1,266,000 | 923,000 | 1,208,000 |
| Inventory turnover | 5.32 | 4.95 | 6.40 | 7.83 | 6.08 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,034,000K ÷ $1,509,000K
= 5.32
Inventory turnover is an important financial ratio that measures the number of times a company sells and replaces its inventory within a specific period. In the case of Foot Locker Inc, the inventory turnover has fluctuated over the past five years.
On February 3, 2024, the inventory turnover ratio was calculated at 5.32, indicating that Foot Locker turned over its inventory approximately 5.32 times during the fiscal year. This signifies a slight improvement compared to the previous year, where the ratio was 4.95.
However, it is worth noting that the inventory turnover ratios for the preceding years were higher, with a peak of 7.83 on January 30, 2021. This suggests that Foot Locker was more efficient in managing its inventory during that period, selling and replacing goods more frequently.
Overall, the trend in Foot Locker's inventory turnover indicates variations in the company's inventory management strategy over the years, reflecting changes in demand, purchasing practices, and operational efficiency within the business.
Peer comparison
Feb 3, 2024