Floor & Decor Holdings Inc (FND)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,527,520 | 2,555,540 | 2,536,760 | 2,011,270 | 1,390,900 |
| Inventory | US$ in thousands | 1,132,600 | 1,106,150 | 1,292,340 | 1,008,150 | 654,000 |
| Inventory turnover | 2.23 | 2.31 | 1.96 | 2.00 | 2.13 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,527,520K ÷ $1,132,600K
= 2.23
Floor & Decor Holdings Inc's inventory turnover has shown fluctuations over the past five years. The trend indicates a moderate decrease in inventory turnover from 2.13 in December 2020 to 2.00 in December 2021, further dropping to 1.96 by December 2022. However, there was a notable improvement in inventory management in December 2023, with the turnover ratio increasing to 2.31, which suggests the company was selling its inventory more efficiently. This improvement was sustained into December 2024 with a slight decrease to 2.23, indicating that the company effectively managed its inventory levels in the most recent year. Overall, the inventory turnover ratio for Floor & Decor Holdings Inc has shown variability, with a general trend towards more efficient inventory management in recent years.
Peer comparison
Dec 31, 2024