Kroger Company (KR)
Inventory turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Nov 4, 2023 | Oct 31, 2023 | Aug 12, 2023 | Jul 31, 2023 | May 20, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Nov 5, 2022 | Oct 31, 2022 | Aug 13, 2022 | Jul 31, 2022 | May 21, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 114,698,000 | 118,251,000 | 121,675,000 | 121,884,000 | 112,259,000 | 108,786,000 | 105,889,000 | 114,490,000 | 123,093,000 | 123,872,000 | 97,557,000 | 89,365,000 | 81,175,000 | 81,310,000 | 109,226,000 | 117,283,000 | 126,235,000 | 124,572,000 | 123,455,000 | 113,555,000 |
| Inventory | US$ in thousands | 7,038,000 | 7,585,000 | 6,643,000 | 6,694,000 | 7,105,000 | 7,105,000 | 7,931,000 | 7,931,000 | 6,828,000 | 6,828,000 | 7,030,000 | 7,030,000 | 7,560,000 | 7,560,000 | — | 8,666,000 | — | 7,315,000 | 7,358,000 | 7,358,000 |
| Inventory turnover | 16.30 | 15.59 | 18.32 | 18.21 | 15.80 | 15.31 | 13.35 | 14.44 | 18.03 | 18.14 | 13.88 | 12.71 | 10.74 | 10.76 | — | 13.53 | — | 17.03 | 16.78 | 15.43 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $114,698,000K ÷ $7,038,000K
= 16.30
The inventory turnover ratio for Kroger Company fluctuated over the period under review, ranging from a low of 10.74 to a high of 18.32. The company's inventory turnover improved over time, indicating that Kroger managed its inventory more efficiently as the ratio increased in later periods. An inventory turnover ratio above 10 is generally considered positive as it suggests that the company is selling goods effectively. The peak in inventory turnover of 18.32 on July 31, 2024, could indicate a period of strong sales performance or effective inventory management. However, the ratio decreased in the subsequent periods, possibly signaling changes in sales patterns or inventory management practices. Overall, a consistently high inventory turnover ratio indicates that Kroger is effectively managing its inventory levels and converting stock into sales at a rapid rate.
Peer comparison
Jan 31, 2025
Jan 31, 2025