Macy’s Inc (M)
Inventory turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,739,000 | 17,408,000 | 19,620,000 | 19,584,000 | 21,595,000 | 16,111,000 | 16,195,000 | 16,281,000 | 16,264,000 | 18,538,000 | 21,442,000 | 21,658,000 | 21,994,000 | 20,173,000 | 17,514,000 | 17,541,000 | 17,771,000 | 22,359,000 | 20,161,000 | 22,110,000 |
| Inventory | US$ in thousands | 4,468,000 | 6,257,000 | 4,378,000 | 4,687,000 | 4,361,000 | 4,361,000 | 6,025,000 | 6,025,000 | 4,129,000 | 4,129,000 | 4,607,000 | 4,607,000 | 4,267,000 | 4,267,000 | 6,403,000 | 6,403,000 | 4,610,000 | 4,610,000 | 4,956,000 | 4,383,000 |
| Inventory turnover | 3.07 | 2.78 | 4.48 | 4.18 | 4.95 | 3.69 | 2.69 | 2.70 | 3.94 | 4.49 | 4.65 | 4.70 | 5.15 | 4.73 | 2.74 | 2.74 | 3.85 | 4.85 | 4.07 | 5.04 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,739,000K ÷ $4,468,000K
= 3.07
Inventory turnover is a crucial financial ratio that measures how efficiently a company manages its inventory by evaluating how many times the inventory is sold and replaced within a specific period. Analyzing the inventory turnover for Macy's Inc based on the provided data reveals fluctuations in the efficiency of their inventory management over time.
From January 31, 2022, to October 31, 2024, Macy's Inc's inventory turnover ranged from a high of 5.15 to a low of 2.69. The highest turnover of 5.15 was achieved on January 31, 2023, indicating that the company sold and replaced its inventory over five times during that period. Conversely, the lowest turnover of 2.69 was recorded on October 31, 2023, reflecting a decrease in the efficiency of inventory management.
The trend in Macy's Inc's inventory turnover shows some variability, with fluctuations observed across the different reporting periods. The company experienced a decrease in inventory turnover in the latter part of 2023, with turnover levels below 4, indicating potential issues in managing inventory efficiently during that period. However, there was a slight improvement in inventory turnover in the subsequent periods, indicating a potential adjustment in inventory management practices.
Overall, Macy's Inc's inventory turnover ratio provides insights into the company's ability to manage inventory levels effectively and generate sales. Monitoring this ratio over time can help stakeholders assess the company's inventory management efficiency and identify areas for improvement in optimizing inventory turnover for better operational performance.
Peer comparison
Jan 31, 2025
Jan 31, 2025