Foot Locker Inc (FL)
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 | 8,013,000 | 5,707,000 | 5,762,000 | 5,816,000 | 5,924,000 | 5,897,000 | 5,863,000 | 5,960,000 | 5,872,000 | 5,912,000 | 5,873,000 | 5,829,000 | 3,975,000 | 3,957,000 | 2,034,000 | 78,000 | 64,000 | 31,000 | 32,000 | 21,000 |
| Inventory | US$ in thousands | 1,509,000 | 1,862,000 | 1,831,000 | 1,758,000 | 1,643,000 | 1,685,000 | 1,644,000 | 1,401,000 | 1,266,000 | 1,301,000 | 1,081,000 | 1,021,000 | 923,000 | 1,193,000 | 1,194,000 | 1,458,000 | 1,208,000 | 1,304,000 | 1,227,000 | 1,211,000 |
| Inventory turnover | 5.31 | 3.06 | 3.15 | 3.31 | 3.61 | 3.50 | 3.57 | 4.25 | 4.64 | 4.54 | 5.43 | 5.71 | 4.31 | 3.32 | 1.70 | 0.05 | 0.05 | 0.02 | 0.03 | 0.02 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,013,000K ÷ $1,509,000K
= 5.31
The inventory turnover of Foot Locker Inc has shown fluctuations over the past 20 reporting periods. Inventory turnover measures how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.
Foot Locker's inventory turnover ranged from a low of 0.02 to a high of 5.71 during the period under review. The highest inventory turnover of 5.71 was recorded on July 31, 2021, which suggests that Foot Locker efficiently sold and replaced its inventory approximately 5.71 times during that period.
Conversely, the lowest inventory turnover of 0.02 was reported on both November 2, 2019, and May 2, 2020. This exceptionally low turnover indicates potential issues with managing inventory efficiently during those periods.
Overall, Foot Locker's inventory turnover has generally been on an upward trend, peaking at 5.71 and showing a gradual improvement in inventory management efficiency. However, the significant fluctuations in inventory turnover indicate the need for further analysis to understand the underlying reasons behind these variations.
Peer comparison
Feb 3, 2024
Feb 3, 2024