Foot Locker (Foot Locker) Total Inventories : $1,509 Mil (As of Jan. 2024)

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What is Foot Locker Total Inventories?

Foot Locker's total inventories for the quarter that ended in Jan. 2024 was $1,509 Mil. Foot Locker's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $1,686 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Foot Locker's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-29.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Foot Locker's Days Inventory for the three months ended in Jan. 2024 was 88.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Foot Locker's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.04.

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. Foot Locker's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.71.

Foot Locker Total Inventories Historical Data

The historical data trend for Foot Locker's Total Inventories 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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Foot Locker Total Inventories Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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1,208.00

923.00

1,266.00

1,643.00

1,509.00

Foot Locker Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															1,643.00	1,758.00	1,831.00	1,862.00	1,509.00

Foot Locker Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Foot Locker (NYSE:FL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Foot Locker's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(297	+	0.75 * 160	+	0.5 * 1509	-	3978
-	0	-	0)	/	94.2237
=	-29.79

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

Foot Locker'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
	=	1685.5	/	1746	*	365 / 4
	=	88.09

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	1746	/	1685.5
	=	1.04

4. 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.

Foot Locker'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 )
	=	1685.5	/	2384
	=	0.71

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Foot Locker Total Inventories Related Terms

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Foot Locker (Foot Locker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (NYSE:FL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FL:Mexico WOO:Germany FOOT:Austria

Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

Executives

Mary N Dillon	director, officer: President & CEO	ULTA BEAUTY, INC., 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440
Jennifer Kraft	officer: EVP and General Counsel	C/O FOOT LOCKER, INC., NEW YORK NY 10001
Michael Baughn	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 140 FOUNTAIN PARKWAY, ST. PETERSBURG FL 33716
Robert Higginbotham	officer: Interim CFO	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
John A Maurer	officer: VP, Treasurer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Giovanna Cipriano	officer: SVP & Chief Accounting Officer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Todd Greener	officer: SVP, Global Supply Chain	330 WEST 34TH STREET, NEW YORK NY 10001
Richard A Johnson	director, officer: President & CEO	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Rosalind Reeves	officer: EVP, Chief HR Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Elliott Rodgers	officer: EVP, Chief Operations Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Vesa Equity Investment S.a R.l.	10 percent owner	2, PLACE DE PARIS, LUXEMBOURG N4 L-2314
Nitin Neil Bansal	officer: EVP,Chief Strat&Transform Off	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Andrew E Page	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Samantha Lomow	officer: President, Global Brands	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Virginia Drosos	director	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11