Oxford Industries Inc (OXM)

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	1,521,715	1,380,120	1,354,453	1,292,048	1,224,114	1,156,587	1,098,917	1,069,914	1,022,593	989,403	952,110	689,697	513,175	539,690	586,759	849,337	1,045,647	1,044,809	1,035,407	1,039,513
Inventory	US$ in thousands	159,565	157,524	161,866	179,608	220,138	171,639	135,483	122,760	117,709	90,981	77,330	108,810	123,543	148,740	148,578	169,495	152,229	154,229	152,672	157,221
Inventory turnover		9.54	8.76	8.37	7.19	5.56	6.74	8.11	8.72	8.69	10.87	12.31	6.34	4.15	3.63	3.95	5.01	6.87	6.77	6.78	6.61

February 3, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,521,715K ÷ $159,565K
= 9.54

Oxford Industries Inc's inventory turnover ratio fluctuated over the past few years, ranging from a low of 3.63 to a high of 12.31. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring how many times it sells and replaces its inventory during a specific period.

A higher inventory turnover ratio signifies that the company is selling its inventory quickly and efficiently. Oxford Industries Inc's inventory turnover ratio has generally been above 5, indicating that the company is effectively managing its inventory levels.

The consistent trend of inventory turnover ratios above 5 suggests that Oxford Industries Inc has been able to maintain a healthy balance between having enough inventory to meet customer demand and avoiding excess inventory that could tie up cash. However, the slight fluctuations in the ratio over time may warrant further investigation into potential factors influencing inventory management, such as seasonality, changing consumer preferences, or supply chain disruptions.