Floor & Decor Holdings Inc (FND)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,400,290 | 4,297,680 | 4,270,807 | 4,213,323 | 4,121,554 | 3,971,404 | 3,768,393 | 3,546,508 | 3,298,389 | 3,053,453 | 2,866,342 | 2,546,054 | 2,367,728 | 1,541,654 | 1,429,438 | 1,462,591 | 1,391,533 | 1,924,720 | 1,832,536 | 1,755,154 |
| Inventory | US$ in thousands | 1,106,150 | 1,105,450 | 1,172,490 | 1,181,150 | 1,292,340 | 1,320,460 | 1,344,140 | 1,149,530 | 1,008,150 | 833,122 | 683,811 | 607,649 | 654,000 | 598,461 | 594,269 | 588,941 | 581,865 | 483,957 | 446,397 | 437,504 |
| Inventory turnover | 3.98 | 3.89 | 3.64 | 3.57 | 3.19 | 3.01 | 2.80 | 3.09 | 3.27 | 3.67 | 4.19 | 4.19 | 3.62 | 2.58 | 2.41 | 2.48 | 2.39 | 3.98 | 4.11 | 4.01 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,400,290K ÷ $1,106,150K
= 3.98
Floor & Decor Holdings Inc's inventory turnover has shown fluctuations over the past few periods. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a specific period.
From December 2019 to June 2020, the company experienced a decreasing trend in inventory turnover, possibly due to various factors such as excess inventory levels or a slow-moving product line. However, from September 2020 to June 2021, there was an increasing trend in inventory turnover, indicating the company was managing its inventory more efficiently.
Subsequently, from September 2021 to December 2021, the inventory turnover ratio fluctuated, reaching a peak in June 2021. This could suggest changes in sales volumes or inventory management strategies during these periods. However, from March 2022 to September 2023, the inventory turnover ratio has been relatively steady, ranging between 2.80 and 4.19, indicating a consistent management of inventory levels and sales.
Overall, the company's inventory turnover has shown variability in recent periods, with some improvements in managing inventory efficiency. Monitoring this ratio over time can provide insights into the company's inventory management effectiveness and operational performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023