Ollie's Bargain Outlet Hldg (OLLI)

Inventory turnover

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Cost of revenue	US$ in thousands	1,357,250	1,874,860	1,270,300	1,170,920	1,696,080
Inventory	US$ in thousands	552,542	505,790	505,790	470,534	470,534
Inventory turnover		2.46	3.71	2.51	2.49	3.60

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,357,250K ÷ $552,542K
= 2.46

Based on the inventory turnover data provided for Ollie's Bargain Outlet Holdings, we can observe fluctuations in the inventory turnover ratios over the years.

As of January 28, 2023, the inventory turnover ratio stood at 3.60 times, indicating that the company effectively turned over its inventory 3.60 times during that period. However, by January 31, 2023, the ratio decreased to 2.49 times, suggesting a reduction in the efficiency of managing and selling inventory.

Subsequently, there was a slight increase in the inventory turnover ratio to 2.51 times by January 31, 2024. This uptick may reflect improved inventory management practices within the company. The ratio then saw a significant spike to 3.71 times by February 3, 2024, indicating a notable improvement in inventory turnover efficiency within a short period.

However, by January 31, 2025, the inventory turnover ratio declined to 2.46 times, dropping back to a level similar to the beginning of the period under review. This decrease may indicate potential challenges in managing inventory effectively or changes in the company's sales patterns.

Overall, the inventory turnover ratios of Ollie's Bargain Outlet Holdings have varied over the years, pointing towards fluctuations in managing and selling inventory efficiently. Further analysis of the company's operational practices and market conditions could provide insights into the factors influencing these changes in inventory turnover.