Boot Barn Holdings (Boot Barn Holdings) Inventory Turnover

: 0.56 (As of Dec. 2023)

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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. Boot Barn Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $321 Mil. Boot Barn Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $574 Mil. Boot Barn Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Boot Barn Holdings's Days Inventory for the three months ended in Dec. 2023 was 163.16.

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. Boot Barn Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.10.

Boot Barn Holdings Inventory Turnover Historical Data

The historical data trend for Boot Barn Holdings'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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Boot Barn Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

2.32

2.15

2.12

2.43

1.97

Boot Barn Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.53	0.46	0.42	0.42	0.56

Boot Barn Holdings Inventory Turnover Calculation

Boot Barn Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1047.043	/ (	(474.3	+	589.494)	/	2 )
=	1047.043	/	531.897
=	1.97

Boot Barn Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	321.292	/ (	(585.573	+	563.378)	/	2 )
=	321.292	/	574.4755
=	0.56

Boot Barn Holdings (NYSE:BOOT) 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.

Boot Barn Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	574.4755	/	321.292	*	365 / 4
	=	163.16

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.

Boot Barn Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	574.4755	/	520.399
	=	1.10

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.

Boot Barn Holdings Inventory Turnover Related Terms

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Boot Barn Holdings (Boot Barn Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Boot Barn Holdings Inc (NYSE:BOOT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OBB:Germany

Address

15345 Barranca Parkway, Irvine, CA, USA, 92618

Website

https://www.bootbarn.com

Boot Barn Holdings Inc operates specialty retail stores. The company sells western and work-related footwear, apparel, and accessories in the United States. It is a single operating segment, which includes net sales generated from its retail stores and e-commerce websites.

Executives

James M Watkins	officer: CFO and Secretary	4000 MACARTHUR BLVD., EAST TOWER, NEWPORT BEACH CA 92660
James Grant Conroy	director, officer: President and CEO	15776 LAGUNA CANYON ROAD, IRVINE CA 92618
Michael A Love	officer: Senior Vice President Stores	4 CENTAURUS WAY, COTO DE CAZA CA 92679
Laurie Marie Grijalva	officer: Chief Merchandising Officer	15776 LAGUNA CANYON ROAD, IRVINE CA 92618
John Hazen	officer: Chief Digital Officer	14852 VANGUARD, HUNTINGTON BEACH CA 92647
Gregory V. Hackman	officer: Chief Financial Officer	15776 LAGUNA CANYON ROAD, IRVINE CA 92618
Peter Starrett	director
Chris Bruzzo	director	411 FIRST AVE., SOUTH, SUITE 700, SEATTLE WA 98104
Anne Macdonald	director	200 CARILLON PARKWAY, ST PETERSBURG FL 33716
Brenda I Morris	director	6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Greg Bettinelli	director	4151 EAST 96TH STREET, INDIANAPOLIS IN 46240
Gene Eddie Burt	director	19601 N 27TH AVE, PHOENIX AZ 85027
Bradley Morgan Weston	director	7644 PEPITA WAY, LA JOLLA CA 92037
Lisa Laube	director	2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Fs Equity Partners Vi, L.p.	10 percent owner	11100 SANTA MONICA BOULEVARD, SUITE 1900, LOS ANGELES CA 90025