Vail Resorts Inc (MTN)
Inventory turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 424,796 | 412,410 | 386,176 | 358,998 | 389,641 |
| Inventory | US$ in thousands | 118,988 | 132,548 | 108,723 | 80,316 | 101,856 |
| Inventory turnover | 3.57 | 3.11 | 3.55 | 4.47 | 3.83 |
July 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $424,796K ÷ $118,988K
= 3.57
Vail Resorts Inc's inventory turnover has fluctuated over the past five years. In 2024, the inventory turnover ratio stands at 3.57, indicating that the company's inventory was turned over approximately 3.57 times during the year. This represents an increase compared to 2023 when the ratio was 3.11.
Despite the current increase, the inventory turnover in 2024 is lower compared to the ratio of 4.47 in 2021 and 3.83 in 2020. A higher inventory turnover ratio typically indicates that a company is able to sell its inventory more efficiently, which can be a positive sign of strong sales and effective inventory management.
However, it is important to conduct further analysis and compare this ratio with industry benchmarks and historical data to gain a more comprehensive understanding of Vail Resorts Inc's inventory management efficiency.
Peer comparison
Jul 31, 2024