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