Analysis of Inventory
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- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Aggregate Accruals
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Inventory Disclosure
Ross Stores Inc., balance sheet: inventory
US$ in thousands
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).
Over the six-year period observed, the merchandise inventory of the company shows a generally increasing trend with some fluctuations. By examining the data:
- 2017 to 2020
- The inventory levels rose steadily from 1,512,886 thousand US dollars in January 2017 to 1,832,339 thousand US dollars in February 2020. This reflects an approximate 21.1% increase over these three years, indicating a consistent buildup of inventory during this timeframe.
- 2020 to 2021
- There was a notable decrease in inventory in January 2021 to 1,508,982 thousand US dollars. This decline reversed the earlier upward trend, suggesting either improved inventory management, reduced stock levels in response to demand shifts, or other operational changes affecting inventory holdings.
- 2021 to 2022
- Following the decrease, inventory sharply increased to 2,262,273 thousand US dollars by January 2022, representing the highest value within the period reviewed. This surge of approximately 49.9% compared to the previous year’s level may indicate aggressive stockpiling, possibly in anticipation of increased sales, supply chain considerations, or changes in procurement strategies.
Overall, the merchandise inventory position exhibits a pattern of steady growth disrupted by a sharp dip in early 2021, followed by a significant jump in early 2022. This volatility could reflect dynamic market conditions or strategic adjustments in inventory policy.