Helen of Troy Ltd (HELE)
Inventory turnover
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 993,259 | 1,056,390 | 1,173,320 | 1,270,170 | 1,171,500 |
| Inventory | US$ in thousands | 452,615 | 395,995 | 455,485 | 557,992 | 481,611 |
| Inventory turnover | 2.19 | 2.67 | 2.58 | 2.28 | 2.43 |
February 28, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $993,259K ÷ $452,615K
= 2.19
The inventory turnover for Helen of Troy Ltd has shown some fluctuations over the past five years. The trend indicates a relatively stable performance, with the ratio ranging from 2.19 to 2.67.
In 2021, the inventory turnover was 2.43, showing a slight decrease to 2.28 in 2022. However, the ratio improved in subsequent years, reaching 2.58 in 2023 and 2.67 in 2024. Despite this improvement, the inventory turnover decreased to 2.19 in 2025.
Overall, the inventory turnover for Helen of Troy Ltd suggests that the company is effectively managing its inventory levels in relation to its sales. A higher inventory turnover ratio indicates that the company is efficiently selling its inventory and restocking it at an appropriate rate. However, the decreasing trend in 2025 may warrant further analysis to understand the underlying reasons and consider potential adjustments in inventory management strategies.