Foot Locker (Foot Locker) Inventory Turnover : 1.04 (As of Jan. 2024)

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What is Foot Locker 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. Foot Locker's Cost of Goods Sold for the three months ended in Jan. 2024 was $1,746 Mil. Foot Locker's Average Total Inventories for the quarter that ended in Jan. 2024 was $1,686 Mil. Foot Locker's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.04.

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-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 Inventory Turnover Historical Data

The historical data trend for Foot Locker'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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Foot Locker Inventory Turnover Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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4.41

5.04

5.37

4.09

3.74

Foot Locker 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															0.98	0.79	0.76	0.78	1.04

Foot Locker Inventory Turnover Calculation

Foot Locker'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 )
=	5895	/ (	(1643	+	1509)	/	2 )
=	5895	/	1576
=	3.74

Foot Locker'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 )
=	1746	/ (	(1862	+	1509)	/	2 )
=	1746	/	1685.5
=	1.04

Foot Locker (NYSE:FL) 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.

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

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.

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

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.

Foot Locker Inventory Turnover 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 » Inventory Turnover

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