Walgreens Boots Alliance Inc (WBA)
Inventory turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 165,327,000 | 163,237,000 | 163,187,000 | 147,332,000 | 149,875,000 | 146,955,000 | 143,577,000 | 141,322,000 | 134,326,000 | 133,561,000 | 133,433,000 | 132,644,000 | 136,566,000 | 102,799,000 | 108,233,000 | 110,885,000 | 107,474,000 | 140,401,000 | 135,362,000 | 133,841,000 |
| Inventory | US$ in thousands | 8,320,000 | 8,578,000 | 8,557,000 | 9,454,000 | 8,257,000 | 8,164,000 | 8,757,000 | 9,322,000 | 8,353,000 | 8,520,000 | 8,947,000 | 9,475,000 | 8,159,000 | 8,333,000 | 8,541,000 | 11,180,000 | 7,917,000 | 9,563,000 | 9,652,000 | 10,536,000 |
| Inventory turnover | 19.87 | 19.03 | 19.07 | 15.58 | 18.15 | 18.00 | 16.40 | 15.16 | 16.08 | 15.68 | 14.91 | 14.00 | 16.74 | 12.34 | 12.67 | 9.92 | 13.58 | 14.68 | 14.02 | 12.70 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $165,327,000K ÷ $8,320,000K
= 19.87
Walgreens Boots Alliance Inc's inventory turnover has been relatively stable over the past few years, averaging around 15 to 20 times per year. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
The trend shows an improvement in inventory turnover from the beginning of 2020 to late 2021, reaching a peak of 19.87 in August 2024. This indicates that the company is managing its inventory levels effectively and selling products at a faster rate.
A consistent or increasing inventory turnover ratio is generally a positive sign, as it suggests that the company is effectively managing its inventory and generating sales efficiently. However, it is essential to consider industry norms and compare the ratios with competitors to gain a more comprehensive understanding of Walgreens Boots Alliance Inc's inventory management efficiency.
Peer comparison
Aug 31, 2024
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Inventory Turnover (Quarterly Data)