Lowe's (Lowe's) Change In Inventory

: $1,637 Mil (TTM As of Jan. 2024)

View and export this data going back to 1979. Start your Free Trial

Lowe's's change in inventory for the quarter that ended in Jan. 2024 was $635 Mil. It means Lowe's's inventory declined by $635 Mil from Oct. 2023 to Jan. 2024 .

Lowe's's change in inventory for the fiscal year that ended in Jan. 2024 was $1,637 Mil. It means Lowe's's inventory declined by $1,637 Mil from Jan. 2023 to Jan. 2024 .

Lowe's's Total Inventories for the quarter that ended in Jan. 2024 was $16,894 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lowe's's Days Inventory for the quarter that ended in Jan. 2024 was 124.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lowe's's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.73.

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. Lowe's's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.93.

Lowe's Change In Inventory Historical Data

The historical data trend for Lowe's's Change In Inventory 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.

* Premium members only.

Lowe's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Inventory

-600.00

-2,967.00

-1,413.00

-2,594.00

1,637.00

Lowe's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory																-286.00	-990.00	2,099.00	-107.00	635.00

Lowe's Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,637 Mil.

Lowe's (NYSE:LOW) Change In Inventory Explanation

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

Lowe's's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	17212	/	12575	*	365 / 4
	=	124.90

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12575	/	17212
	=	0.73

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17212	/	18602
	=	0.93

Lowe's Change In Inventory Related Terms

Thank you for viewing the detailed overview of Lowe's's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Lowe's (Lowe's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lowe's Companies Inc (NYSE:LOW) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

LOW:Mexico LWE:Germany LWE:Germany LOWC34:Brazil

Address

1000 Lowes Boulevard, Mooresville, NC, USA, 28117

Website

https://www.lowes.com

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

Executives

Janice Dupre Little	officer: EVP Human Resources	1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph Michael Mcfarland	officer: EVP, Stores	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Quonta D Vance	officer: EVP, Pro & Home Services	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Donald Frieson	officer: EVP, Supply Chain	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
William P Boltz	officer: EVP, Merchandising	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Seemantini Godbole	officer: EVP, Chief Information Officer	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Juliette Williams Pryor	officer: EVP, CLO & Corp. Sec.	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Ross W Mccanless	officer: SR VP Gen Counsel & Secretary
Scott H Baxter	director	400 NORTH ELM STREET, GREENSBORO NC 27401
Taylor Colleen	director	C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303
Brandon J Sink	officer: EVP, Chief Financial Officer	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Stone West Mary E	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Daniel J Heinrich	director	CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612
David H Batchelder	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Griggs Dan Clayton Jr	officer: Vice President, CAO	1000 LOWES BOULEVARD, MOORESVILLE NC 28117