Science Applications International Corporation Common Stock (SAIC)
Inventory turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,572,000 | 6,816,000 | 6,535,000 | 6,264,000 | 5,673,000 |
| Inventory | US$ in thousands | 3,000 | 71,000 | 64,000 | 78,000 | 84,000 |
| Inventory turnover | 2,190.67 | 96.00 | 102.11 | 80.31 | 67.54 |
February 2, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,572,000K ÷ $3,000K
= 2,190.67
The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times it sells and replaces its inventory within a given period. Science Applications International Corporation Common Stock's inventory turnover has shown a significant increase over the past five years, from 67.54 in January 2020 to 2,190.67 in February 2024.
This substantial increase indicates that the company has been more efficient in managing its inventory turnover, selling and replacing its inventory at a much faster rate. A high inventory turnover ratio like the one seen in 2024 suggests that the company is effectively managing its inventory levels and turning its inventory into sales quickly.
It is worth noting that the inventory turnover ratio can be influenced by various factors such as changes in sales volume, changes in product mix, and inventory management strategies. Therefore, the increasing trend in Science Applications International Corporation Common Stock's inventory turnover ratio suggests a positive indicator of efficient inventory management and strong sales performance in recent years.
Peer comparison
Feb 2, 2024