Vail Resorts Inc (MTN)
Inventory turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 424,796 | 417,323 | 417,934 | 414,524 | 412,410 | 396,662 | 393,220 | 389,301 | 386,176 | 358,850 | 357,266 | 357,859 | 358,998 | 331,748 | 371,594 | 383,154 | 388,408 | 430,606 | 381,949 | 362,964 |
| Inventory | US$ in thousands | 118,988 | 107,815 | 134,839 | 157,707 | 132,548 | 103,606 | 122,088 | 139,926 | 108,723 | 92,608 | 104,573 | 103,697 | 80,316 | 73,044 | 86,876 | 100,879 | 101,856 | 101,748 | 113,907 | 127,859 |
| Inventory turnover | 3.57 | 3.87 | 3.10 | 2.63 | 3.11 | 3.83 | 3.22 | 2.78 | 3.55 | 3.87 | 3.42 | 3.45 | 4.47 | 4.54 | 4.28 | 3.80 | 3.81 | 4.23 | 3.35 | 2.84 |
July 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $424,796K ÷ $118,988K
= 3.57
Vail Resorts Inc's inventory turnover has shown some fluctuations over the past several quarters. The inventory turnover ratio measures how effectively the company is managing its inventory by indicating how many times a company sells and replaces its inventory over a period.
Based on the data provided, we can observe that the inventory turnover ratio has ranged between 2.63 and 4.54 over the past 20 quarters. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which could be a positive sign of efficient inventory management.
Looking at the trend, we see a peak in inventory turnover in the third quarter of the fiscal year 2022 (i.e., Oct 31, 2021), where the ratio reached 4.54, suggesting that the company was selling its inventory at a faster rate during that period. On the other hand, there was a decline in the inventory turnover ratio in the first quarter of the fiscal year 2020 (i.e., Jan 31, 2020) where the ratio dropped to 2.63, indicating a slower rate of inventory turnover.
Overall, Vail Resorts Inc's inventory turnover ratios have shown variability, but there is a general trend of turnover ratios fluctuating within a certain range over the past few years. Further analysis of the company's inventory management policies and industry-specific factors may provide additional insights into these fluctuations.
Peer comparison
Jul 31, 2024
Jul 31, 2024