Macy’s Inc (M)
Inventory turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 23,717,000 | 23,121,000 | 23,440,000 | 23,685,000 | 23,863,000 | 24,016,000 | 23,920,000 | 23,768,000 | 23,306,000 | 21,749,000 | 20,868,000 | 19,961,000 | 22,579,000 | 24,023,000 | 25,037,000 | 26,257,000 | 24,492,000 | 24,303,000 | 24,465,000 | 24,389,000 |
| Inventory | US$ in thousands | 4,361,000 | 6,025,000 | 4,129,000 | 4,607,000 | 4,267,000 | 6,403,000 | 4,610,000 | 4,956,000 | 4,383,000 | 6,141,000 | 4,298,000 | 4,230,000 | 3,774,000 | 5,144,000 | 3,582,000 | 4,923,000 | 5,188,000 | 7,256,000 | 5,029,000 | 5,498,000 |
| Inventory turnover | 5.44 | 3.84 | 5.68 | 5.14 | 5.59 | 3.75 | 5.19 | 4.80 | 5.32 | 3.54 | 4.86 | 4.72 | 5.98 | 4.67 | 6.99 | 5.33 | 4.72 | 3.35 | 4.86 | 4.44 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $23,717,000K ÷ $4,361,000K
= 5.44
Macy’s Inc has shown some fluctuations in its inventory turnover ratio over the past few quarters. The inventory turnover ratio represents the number of times a company sells and replaces its inventory within a specific period. A higher inventory turnover ratio indicates that the company is efficiently managing its inventory.
Looking at the data provided, we can see that Macy’s inventory turnover ratio has ranged from 3.35 to 6.99 over the last few quarters. In general, a higher turnover ratio is preferred as it suggests that the company is selling its inventory quickly and efficiently.
The highest inventory turnover ratio of 6.99 was recorded on August 1, 2020, indicating that Macy’s was able to sell and replace its inventory almost seven times during that period. On the other hand, the lowest turnover ratio of 3.35 was reported on November 2, 2019, suggesting a slower rate of inventory turnover during that quarter.
Overall, Macy’s inventory turnover ratio has shown some variability, but the company has generally maintained turnover ratios above 3.5, indicating a decent level of efficiency in managing its inventory. It is essential for Macy’s to continue monitoring and improving its inventory turnover ratio to optimize its inventory management and operational efficiency.
Peer comparison
Feb 3, 2024
Feb 3, 2024