Academy Sports and Outdoors (NAS:ASO) Inventory Turnover

: 0.69 (As of Oct. 2022)

View and export this data going back to 2020. Start your Free Trial

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. Academy Sports and Outdoors's Cost of Goods Sold for the three months ended in Oct. 2022 was $971 Mil. Academy Sports and Outdoors's Average Total Inventories for the quarter that ended in Oct. 2022 was $1,400 Mil. Academy Sports and Outdoors's Inventory Turnover for the quarter that ended in Oct. 2022 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Academy Sports and Outdoors's Days Inventory for the three months ended in Oct. 2022 was 131.50.

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. Academy Sports and Outdoors's Inventory-to-Revenue for the quarter that ended in Oct. 2022 was 0.94.

Academy Sports and Outdoors Inventory Turnover Historical Data

The historical data trend for Academy Sports and Outdoors'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.

* Premium members only.

Academy Sports and Outdoors Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Inventory Turnover

3.01

3.04

3.79

4.09

Academy Sports and Outdoors Quarterly Data
	Jan18	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Inventory Turnover												0.85	0.98	0.76	0.83	0.69

Academy Sports and Outdoors Inventory Turnover Calculation

Academy Sports and Outdoors's Inventory Turnover for the fiscal year that ended in Jan. 2022 is calculated as

	Inventory Turnover (A: Jan. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2022 )	/ (	(Total Inventories (A: Jan. 2021 )	+	Total Inventories (A: Jan. 2022 ))	/	count )
=	4422.033	/ (	(990.034	+	1171.808)	/	2 )
=	4422.033	/	1080.921
=	4.09

Academy Sports and Outdoors's Inventory Turnover for the quarter that ended in Oct. 2022 is calculated as

	Inventory Turnover (Q: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2022 )	/ (	(Total Inventories (Q: Jul. 2022 )	+	Total Inventories (Q: Oct. 2022 ))	/	count )
=	971.454	/ (	(1304.556	+	1495.464)	/	2 )
=	971.454	/	1400.01
=	0.69

Academy Sports and Outdoors (NAS:ASO) 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.

Academy Sports and Outdoors's Days Inventory for the three months ended in Oct. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2022 )	/	Cost of Goods Sold (Q: Oct. 2022 )	*	Days in Period
	=	1400.01	/	971.454	*	365 / 4
	=	131.50

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.

Academy Sports and Outdoors's Inventory to Revenue for the quarter that ended in Oct. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2022 )	/	Revenue (Q: Oct. 2022 )
	=	1400.01	/	1493.925
	=	0.94

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.

Academy Sports and Outdoors Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Academy Sports and Outdoors's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Academy Sports and Outdoors (NAS:ASO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Academy Sports and Outdoors Inc (NAS:ASO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800 North Mason Road, Katy, TX, USA, 77449

Website

https://www.academy.com

Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.

Executives

Turner Christopher Lee	director	1441 GARDINER LANE LOUISVILLE KY 40213
Turney Sharen J	director	THREE LIMITED PARKWAY COLUMBUS OH 43230
Raff Beryl	director	5555 DARROW RD HUDSON OH 44236
Nealon Thomas M	director	6501 LEGACY DRIVE PLANO TX 75024
Harriman Sherry L.	officer: SVP, Logistics & Supply Chain	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 N MASON ROAD KATY TX 77449
Beck Wendy A.	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD. 7665 CORPORATE CENTER DRIVE MIAMI FL 33126
Allstar Llc	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Allstar Blocker L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Davis Heather A.	officer: VP, Controller	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Gp Llc	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Tweedy Jeffrey C.	director	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Blocker L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Ennis William S.	officer: See Remarks	C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Patel Vishal	director	C/O US FOODS HOLDING CORP. 9399 W. HIGGINS RD. ROSEMONT IL 60018