Kroger Company (KR)

Inventory turnover

Feb 3, 2024 Nov 4, 2023 Aug 12, 2023 May 20, 2023 Jan 28, 2023 Nov 5, 2022 Aug 13, 2022 May 21, 2022 Jan 29, 2022 Nov 6, 2021 Aug 14, 2021 May 22, 2021 Jan 30, 2021 Nov 7, 2020 May 23, 2020 Feb 1, 2020 Nov 9, 2019 Aug 17, 2019 May 25, 2019 Feb 2, 2019
Cost of revenue (ttm) US$ in thousands 117,948,000 88,168,000 88,577,000 89,491,000 89,356,000 116,155,000 114,312,000 111,830,000 108,823,000 105,554,000 103,410,000 109,954,000 100,530,000 98,719,000 97,838,000 66,392,000 65,849,000 44,176,000 22,369,000 22,648,000
Inventory US$ in thousands 7,105,000 7,931,000 6,828,000 7,030,000 7,560,000 7,358,000 6,783,000 6,767,000 7,063,000 6,297,000 6,707,000
Inventory turnover 16.60 11.12 12.97 12.73 11.82 15.20 16.04 16.25 14.23 15.54 3.34

February 3, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $117,948,000K ÷ $7,105,000K
= 16.60

The inventory turnover ratio for Kroger Company has shown variability over the past few quarters. In the most recent period, as of February 3, 2024, the inventory turnover was 16.60, indicating that the company's inventory was turning over approximately 16.60 times during the period. This suggests that Kroger is efficiently managing its inventory by quickly selling and replenishing its stock.

Looking back at previous quarters, we observe fluctuations in the inventory turnover ratio, with values ranging from 11.12 to 16.25. The trend indicates some inconsistency in Kroger's inventory management efficiency over the past few quarters.

Overall, Kroger's inventory turnover ratio has generally been at healthy levels, reflecting effective inventory management practices. However, the fluctuations in the ratio highlight the need for the company to maintain a consistent approach to inventory control to optimize its operations and working capital management.


Peer comparison

Feb 3, 2024

Feb 3, 2024

Company name
Symbol
Inventory turnover
Kroger Company
KR
16.60
Grocery Outlet Holding Corp
GO
10.25
Sprouts Farmers Market LLC
SFM
18.35