Ross Stores Inc (ROST)

Inventory turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Cost of revenue	US$ in thousands	18,069,300	16,705,500	16,583,400	12,341,900	13,892,900
Inventory	US$ in thousands	2,192,220	2,023,500	2,262,270	1,508,980	1,832,340
Inventory turnover		8.24	8.26	7.33	8.18	7.58

February 3, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $18,069,300K ÷ $2,192,220K
= 8.24

Inventory turnover measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced over a specific period. Ross Stores Inc's inventory turnover has fluctuated over the past five years, with values ranging from 7.33 to 8.26. The company's inventory turnover ratio in the most recent fiscal year, ending on February 3, 2024, was 8.24, indicating that the company sold and replaced its inventory approximately 8.24 times during that period. Overall, Ross Stores Inc has maintained a relatively stable and healthy inventory turnover ratio over the analyzed five-year period, reflecting efficient management of its inventory levels.