American Eagle Outfitters (FRA:AFG) Inventory Turnover : 1.48 (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 €977 Mil. American Eagle Outfitters's Average Total Inventories for the quarter that ended in Jan. 2024 was €658 Mil. American Eagle Outfitters's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.48.

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 61.48.

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 0.43.

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.

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American Eagle Outfitters Inventory Turnover Chart

American Eagle Outfitters Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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6.49

5.83

6.49

5.83

5.25

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															1.36	1.09	1.18	1.10	1.48

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 )
=	2971.742	/ (	(542.957	+	588.128)	/	2 )
=	2971.742	/	565.5425
=	5.25

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 )
=	977.05	/ (	(728.541	+	588.128)	/	2 )
=	977.05	/	658.3345
=	1.48

American Eagle Outfitters (FRA:AFG) 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
	=	658.3345	/	977.05	*	365 / 4
	=	61.48

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 )
	=	658.3345	/	1541.24
	=	0.43

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 (FRA:AFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » American Eagle Outfitters Inc (FRA:AFG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AEO:USA AFG:Germany

Address

77 Hot Metal Street, Pittsburgh, PA, USA, 15203-2329

Website

https://www.aeo-inc.com

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.