Macy’s Inc (M)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 23,718,000 | 23,863,000 | 23,305,000 | 22,873,000 | 24,709,000 |
| Inventory | US$ in thousands | 4,361,000 | 4,267,000 | 4,383,000 | 3,774,000 | 5,188,000 |
| Inventory turnover | 5.44 | 5.59 | 5.32 | 6.06 | 4.76 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $23,718,000K ÷ $4,361,000K
= 5.44
Macy’s Inc inventory turnover has shown some fluctuation over the past five years. The inventory turnover ratio was 5.44 in 2024, slightly lower compared to the previous year at 5.59 in 2023. It experienced a dip in 2022 with a ratio of 5.32 but improved in 2021 with a higher ratio of 6.06. The lowest inventory turnover was observed in 2020 at 4.76.
Overall, Macy’s inventory turnover has been relatively consistent, staying within a narrow range of 4.76 to 6.06 over the past five years. This indicates that Macy’s is efficient in managing its inventory and converting it into sales, with a reasonable balance between stocking enough inventory to meet demand without overstocking.
Peer comparison
Feb 3, 2024