PVH Corp (PVH)

Inventory turnover

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Feb 4, 2024	Nov 30, 2023	Oct 29, 2023	Aug 31, 2023	Jul 30, 2023	May 31, 2023	Apr 30, 2023	Feb 28, 2023	Jan 29, 2023	Nov 30, 2022	Oct 30, 2022	Aug 31, 2022	Jul 31, 2022	May 31, 2022	May 1, 2022
Cost of revenue (ttm)	US$ in thousands	3,510,400	3,503,400	3,553,600	3,748,700	4,019,000	3,970,400	3,916,400	3,800,500	3,684,600	3,848,100	4,011,600	4,110,600	4,209,600	4,023,900	3,838,200	3,715,600	3,593,000	3,693,900	3,794,800	3,898,200
Inventory	US$ in thousands	1,508,700	1,608,200	1,582,800	1,346,800	1,419,700	1,419,700	1,476,900	1,476,900	1,795,500	1,795,500	1,718,100	1,718,100	1,802,600	1,802,600	1,821,200	1,821,200	1,689,900	1,689,900	1,389,700	1,389,700
Inventory turnover		2.33	2.18	2.25	2.78	2.83	2.80	2.65	2.57	2.05	2.14	2.33	2.39	2.34	2.23	2.11	2.04	2.13	2.19	2.73	2.81

February 28, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,510,400K ÷ $1,508,700K
= 2.33

PVH Corp's inventory turnover ratio fluctuated over the period from May 1, 2022, to February 28, 2025. The inventory turnover ratio indicates the number of times a company sells and replaces its inventory within a specific time frame.

The analysis of the data shows that the inventory turnover ratio ranged from a low of 2.04 on October 30, 2022, to a high of 2.83 on February 29, 2024. Overall, the trend in the inventory turnover ratio shows some variability, with some periods showing decreases and others showing increases.

Noteworthy points include an improvement in inventory turnover from August 31, 2023, to February 29, 2024, followed by relative stability in the following periods up to February 28, 2025. This suggests that PVH Corp managed its inventory efficiently during these periods, indicating effective inventory management practices.

It is also important to note that the inventory turnover ratio remained above 2 for most of the period, which suggests that PVH Corp has been able to sell and replace its inventory multiple times within a year. This signifies that the company was able to effectively manage its inventory levels and maintain a healthy balance between inventory turnover and sales performance.

In conclusion, the analysis of PVH Corp's inventory turnover ratio demonstrates fluctuations over the period, with some periods showing improvement and stability. Overall, a consistent inventory turnover ratio above 2 indicates efficient inventory management practices within the company.