Helen of Troy Ltd (HELE)
Inventory turnover
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,762,790 | 1,879,200 | 1,963,590 | 1,834,950 | 1,550,450 |
| Inventory | US$ in thousands | 395,995 | 455,485 | 557,992 | 481,611 | 256,311 |
| Inventory turnover | 4.45 | 4.13 | 3.52 | 3.81 | 6.05 |
February 29, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,762,790K ÷ $395,995K
= 4.45
Helen of Troy Ltd's inventory turnover has shown a fluctuating trend over the past five years. The inventory turnover ratio increased from 3.81 in February 2021 to 4.45 in February 2024, indicating that the company is converting its inventory into sales at a faster rate. This suggests improved efficiency in managing inventory levels and sales. However, it is essential to note that the inventory turnover ratio was higher at 6.05 in February 2020, indicating a peak in inventory turnover efficiency at that time. Overall, the trend in Helen of Troy Ltd's inventory turnover suggests a mix of efficient inventory management and slight fluctuations in performance over the years.