Ralph Lauren Corp Class A (RL)

Inventory turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cost of revenue (ttm)	US$ in thousands	2,199,600	2,265,600	2,259,200	2,253,100	2,277,800	2,244,200	2,219,900	2,152,000	2,071,000	2,018,500	1,903,600	1,808,800	1,539,400	1,715,000	1,874,200	2,137,300	2,506,500	2,431,000	2,435,700	2,440,100
Inventory	US$ in thousands	902,200	1,055,100	1,195,000	1,187,800	1,071,300	1,238,000	1,261,000	1,178,000	977,300	929,100	928,200	803,000	759,000	866,000	887,000	773,200	736,200	904,600	1,013,000	988,600
Inventory turnover		2.44	2.15	1.89	1.90	2.13	1.81	1.76	1.83	2.12	2.17	2.05	2.25	2.03	1.98	2.11	2.76	3.40	2.69	2.40	2.47

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,199,600K ÷ $902,200K
= 2.44

Inventory turnover is a key efficiency ratio that measures how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio generally indicates better inventory management and faster goods turnover.

Looking at the inventory turnover for Ralph Lauren Corp Class A over multiple periods, we observe fluctuations in the ratio. The trend shows some variability with a range of values from approximately 1.76 to 3.40 over the past 20 quarters.

In the most recent quarter ending March 31, 2024, the inventory turnover ratio stood at 2.44. This indicates that Ralph Lauren Corp Class A's inventory turned over approximately 2.44 times during the quarter. Comparing this to previous quarters, we see that the company's inventory turnover has fluctuated, reaching a low of 1.76 in September 2022 and a high of 3.40 in June 2020.

Overall, the inventory turnover ratio for Ralph Lauren Corp Class A has shown mixed performance over the analyzed periods. It would be beneficial for stakeholders to closely monitor this ratio to assess the company's efficiency in managing its inventory levels and sales turnover.