Buckle (Buckle) Inventory Turnover

: 1.31 (As of Jan. 2024)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Buckle's Cost of Goods Sold for the three months ended in Jan. 2024 was $182 Mil. Buckle's Average Total Inventories for the quarter that ended in Jan. 2024 was $139 Mil. Buckle's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buckle's Days Inventory for the three months ended in Jan. 2024 was 69.76.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Buckle's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.36.

Buckle Inventory Turnover Historical Data

The historical data trend for Buckle's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Buckle Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

4.24

4.50

6.32

5.89

5.11

Buckle Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																1.36	1.14	1.12	1.08	1.31

Buckle Inventory Turnover Calculation

Buckle's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	642.037	/ (	(125.134	+	126.29)	/	2 )
=	642.037	/	125.712
=	5.11

Buckle's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	182.202	/ (	(152.289	+	126.29)	/	2 )
=	182.202	/	139.2895
=	1.31

Buckle (NYSE:BKE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Buckle's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	139.2895	/	182.202	*	365 / 4
	=	69.76

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Buckle's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	139.2895	/	382.383
	=	0.36

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Buckle Inventory Turnover Related Terms

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Buckle (Buckle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Buckle Inc (NYSE:BKE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BK2:Germany BK2:Germany

Address

2407 West 24th Street, Kearney, NE, USA, 68845-4915

Website

https://www.buckle.com

Buckle Inc is a retailer of casual apparel, footwear, and accessories. The company retails medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. It retails under the brand names 'Buckle' and 'The Buckle'. Buckle markets a wide selection of mostly brand-name casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear.

Executives

Kelli D Molczyk	officer: SVP Women's Merchandising	2407 W 24TH STREET, KEARNEY NE 68845
Brett P Milkie	officer: SVP Leasing
Dennis H Nelson	director, officer: President & CEO
Thomas B Heacock	director, officer: SVP Finance, Treasurer, & CFO	2407 W 24TH STREET, KEARNEY NE 68845
Bill L Fairfield	director	111 SOUTH CALVERT STREET, SUITE 1900, BALTIMORE MD 21202
Michelle Hoffman	officer: VP SALES	2407 W 24TH STREET, KEARNEY NE 68845
Kari G Smith	officer: VP of Sales
Shruti S Joshi	director	2407 W 24TH STREET, KEARNEY NE 68845
Diane L Applegate	officer: VP SUPPLY CHAIN & MERCH OP	2407 W 24TH STREET, KEARNEY NE 68845
John P Peetz	director	2407 W 24TH STREET, KEARNEY NE 68845
Robert M Carlberg	officer: VP MEN'S MERCHANDISING	2407 W 24TH STREET, KEARNEY NE 68845
Karen B Rhoads	director, officer: VP of Finance, Treasurer & CFO
James E Shada	director, officer: Executive VP Sales
Bruce Hoberman	director
Angie J Klein	director	2407 W 24TH STREET, KEARNEY NE 68845