Guess? Inc. (GES)
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 | 2,514,849 | 2,483,710 | 2,466,635 | 2,454,446 | 2,441,425 | 2,156,257 | 1,926,975 | 1,671,381 | 1,422,126 | 1,364,578 | 1,344,876 | 1,261,849 | 1,179,427 | 1,310,957 | 1,367,638 | 1,533,681 | 1,662,401 | 1,689,776 | 1,688,595 | 1,677,481 |
| Inventory | US$ in thousands | 466,297 | 562,386 | 554,425 | 528,903 | 510,899 | 574,574 | 535,530 | 483,927 | 462,295 | 482,475 | 430,289 | 404,851 | 389,144 | 393,162 | 419,427 | 392,490 | 393,129 | 519,875 | 484,236 | 478,223 |
| Inventory turnover | 5.39 | 4.42 | 4.45 | 4.64 | 4.78 | 3.75 | 3.60 | 3.45 | 3.08 | 2.83 | 3.13 | 3.12 | 3.03 | 3.33 | 3.26 | 3.91 | 4.23 | 3.25 | 3.49 | 3.51 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,514,849K ÷ $466,297K
= 5.39
The inventory turnover ratio of Guess? Inc. has displayed some fluctuations over the past several periods. The inventory turnover ratio indicates how efficiently the company manages its inventory by comparing the cost of goods sold to the average inventory level.
From February 3, 2024, to May 4, 2019, the inventory turnover ratio ranged from a low of 2.83 to a high of 5.39. The highest turnover ratio of 5.39 was observed on February 3, 2024, which suggests that Guess? Inc. sold and replaced its inventory 5.39 times during that period. On the other hand, the lowest ratio of 2.83 occurred on January 29, 2022, indicating a lower frequency of inventory turnover.
Overall, the inventory turnover ratios show some variability but generally remained above 3, indicating that Guess? Inc. is effectively managing its inventory levels. An increasing trend in the ratio over time may suggest improved inventory management efficiency, whereas a declining trend may indicate potential issues such as overstocking or slow-moving inventory.