Analysis of Inventory
Inventory Disclosure
Ross Stores Inc., balance sheet: inventory
US$ in thousands
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchandise inventory | 2,262,273) | 1,508,982) | 1,832,339) | 1,750,442) | 1,641,735) | 1,512,886) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
Merchandise inventory levels exhibited a general upward trajectory from 2017 through 2020, followed by a period of significant volatility between 2021 and 2022.
- Growth Period (2017-2020)
- A consistent increase in merchandise inventory was observed from January 28, 2017, to February 1, 2020. During this window, inventory balances rose steadily from $1.51 billion to $1.83 billion, suggesting a phased expansion of stock holdings.
- Inventory Contraction (2021)
- A sharp decline occurred by January 30, 2021, with inventory levels falling to $1.51 billion. This reduction represents a return to baseline levels seen in 2017, indicating a substantial contraction in the volume of merchandise held.
- Significant Expansion (2022)
- The period ending January 29, 2022, saw a rapid and substantial increase in merchandise inventory, which surged to $2.26 billion. This figure marks the highest inventory level in the analyzed timeframe, reflecting a sharp increase of approximately 50% relative to the preceding year.
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