Walmart Inc (WMT)

Inventory turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cost of revenue	US$ in thousands	490,142,000	463,721,000	429,000,000	420,315,000	394,605,000
Inventory	US$ in thousands	54,892,000	56,576,000	56,511,000	44,949,000	44,435,000
Inventory turnover		8.93	8.20	7.59	9.35	8.88

January 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $490,142,000K ÷ $54,892,000K
= 8.93

Walmart Inc's inventory turnover has shown fluctuations over the past five years. In the most recent fiscal year ending January 31, 2024, the inventory turnover ratio was 8.93, indicating that the company's inventory was sold and replaced approximately 8.93 times during the year. This represents an improvement compared to the previous year, where the ratio was 8.20.

In the fiscal year ending January 31, 2022, the inventory turnover ratio was 7.59, which was lower compared to the previous and subsequent years. However, the ratio improved significantly in the fiscal year ending January 31, 2021, reaching 9.35, which suggests that Walmart managed its inventory efficiently that year.

Overall, Walmart's inventory turnover has generally been in a healthy range, reflecting the company's effective management of its inventory levels and the ability to quickly sell and replace its inventory. fluctuations in the ratio over the years may be influenced by various factors such as seasonality, consumer demand, and inventory management strategies.