Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Analysis of Inventory

Microsoft Excel

Inventory Disclosure

Ulta Beauty Inc., balance sheet: inventory

US$ in thousands

Microsoft Excel
Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018
Merchandise inventories, net

Based on: 10-K (reporting date: 2023-01-28), 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).


Merchandise Inventories, Net
The merchandise inventories, measured in thousands of US dollars, exhibited a general upward trend over the six-year period analyzed. Starting at approximately 1,096,424 in early 2018, inventory levels increased steadily to reach 1,214,329 in early 2019, and further grew to 1,293,701 by early 2020. This growth suggests a consistent investment in inventory or an anticipation of increased sales.
However, in early 2021, there was a notable decline to 1,168,215, indicating a reduction in inventory holdings which may reflect changes in inventory management, supply chain adjustments, or shifts in demand during that specific period. Following this dip, merchandise inventories rose significantly in early 2022 to 1,499,218, representing a substantial increase compared to previous years. This marked growth could be indicative of strategic stockpiling or preparation for increased sales activities.
The upward trajectory continued into early 2023, with inventories reaching 1,603,451, the highest value across the period. Overall, the data reflects a dominant trend of increasing inventories over time with a slight temporary decrease in early 2021, suggesting dynamic inventory management responding to market conditions and possibly external factors impacting supply and demand.