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American Eagle Outfitters (American Eagle Outfitters) Inventory Turnover : 1.51 (As of Jan. 2024)


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What is American Eagle Outfitters Inventory Turnover?

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. American Eagle Outfitters's Cost of Goods Sold for the three months ended in Jan. 2024 was $1,064 Mil. American Eagle Outfitters's Average Total Inventories for the quarter that ended in Jan. 2024 was $705 Mil. American Eagle Outfitters's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Eagle Outfitters's Days Inventory for the three months ended in Jan. 2024 was 60.44.

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. American Eagle Outfitters's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.42.


American Eagle Outfitters Inventory Turnover Historical Data

The historical data trend for American Eagle Outfitters'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.

American Eagle Outfitters Inventory Turnover Chart

American Eagle Outfitters Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.40 6.13 6.30 5.70 5.28

American Eagle Outfitters Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.43 1.10 1.19 1.08 1.51

American Eagle Outfitters Inventory Turnover Calculation

American Eagle Outfitters'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 )
=3237.192 / ((585.083 + 640.662) / 2 )
=3237.192 / 612.8725
=5.28

American Eagle Outfitters'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 )
=1064.325 / ((769.315 + 640.662) / 2 )
=1064.325 / 704.9885
=1.51

* 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.


American Eagle Outfitters  (NYSE:AEO) 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.

American Eagle Outfitters'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
=704.9885/1064.325*365 / 4
=60.44

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.

American Eagle Outfitters'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 )
=704.9885 / 1678.911
=0.42

* 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.


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.


American Eagle Outfitters Inventory Turnover Related Terms

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American Eagle Outfitters (American Eagle Outfitters) Business Description

Traded in Other Exchanges
Address
77 Hot Metal Street, Pittsburgh, PA, USA, 15203-2329
American Eagle Outfitters Inc is an apparel and accessory retailer with company stores in U.S., Canada, Mexico, and Hong Kong. The Company leases all store premises, regional distribution facilities, some of its office space, and certain information technology and office equipment. American Eagle also has an online business that ships worldwide. It operates in two segments: American Eagle and Aerie. The majority of its revenue comes from its primary brand, American Eagle, which offers an assortment of specialty apparel and accessories for women and men. Geographically, it generates the vast majority of its revenue from the United States.
Executives
Jennifer M. Foyle officer: Global Brand President-aerie 77 HOT METAL STREET, PITTSBURGH PA 15203
Cary D Mcmillan director SARA LEE BRANDED APPAREL, 70 W MADISON STREET, CHICAGO IL 60602
Michael R Rempell officer: EVP, COO NY Design Center 77 HOT METAL STREET, PITTSBURGH PA 15203
David M. Sable director 77 HOT METAL STREET, PITTSBURGH PA 15203-2329
Noel Joseph Spiegel director RADIAN GROUP INC., 1601 MARKET STREET, PHILADELPHIA PA 19103
Andrew J. Mclean officer: EVP & Chief Commercial Officer 77 HOT METAL STREET, PITTSBURGH PA 15203
Steven A Davis director 3776 SOUTH HIGH ST, COLUMBUS OH 43207
Marisa Baldwin officer: EVP - CHRO C/O ASCENA RETAIL GROUP, INC., 933 MACARTHUR BOULEVARD, MAHWAH NJ 07430
Charles F Kessler officer: EVP-Mdsing&Design Off-AEBrand 6301 FITCH PATH, NEW ALBANY OH 43054
Thomas R Ketteler director 2301 WEST LAFAYETTE, DETROIT MI 48216
Stacy Siegal officer: EVP and General Counsel 800 COMMONWEALTH DRIVE, SUITE 100, WARRENDALE PA 15086
Keefer James H Jr officer: VP, Controller & CAO 77 HOT METAL STREET, PITTSBURGH PA 15203
Michael A. Mathias officer: EVP and CFO 77 HOT METAL STREET, PITTSBURGH PA 15203
Deborah A Henretta director ONE RIVERFRONT PLAZA, CORNING NY 14831
Jay L Schottenstein director, 10 percent owner, officer: Chairman of the Board 1800 MOLER ROAD, COLUMBUS OH 43207