Analysis of Inventory
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- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Inventory Disclosure
Walmart Inc., balance sheet: inventory
US$ in millions
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31).
The reported inventories exhibited a generally increasing trend over the observed six-year period, though with some fluctuation. Initial values demonstrate a substantial increase between 2021 and 2022, followed by a period of relative stability and a subsequent decrease, before resuming an upward trajectory.
- Overall Trend
- From January 31, 2021, to January 31, 2026, inventories increased from US$44,949 million to US$58,851 million, representing an overall growth of approximately 31.1%. However, this growth was not linear.
- Significant Increase (2021-2022)
- A notable increase occurred between January 31, 2021, and January 31, 2022, with inventories rising by US$11,562 million. This represents a percentage change of approximately 25.7% and is the largest single-year increase in the observed period.
- Period of Stability (2022-2023)
- The period between January 31, 2022, and January 31, 2023, showed minimal change, with inventories increasing by only US$66 million. This suggests a stabilization of inventory levels following the prior year’s substantial growth.
- Decrease (2023-2024)
- A decrease in inventories was observed between January 31, 2023, and January 31, 2024, with a reduction of US$1,684 million. This represents a decline of approximately 3.0% and is the only observed decrease within the timeframe.
- Resumed Growth (2024-2026)
- Following the decrease, inventories resumed an upward trend, increasing by US$1,543 million between January 31, 2024, and January 31, 2025, and a further US$2,416 million between January 31, 2025, and January 31, 2026. This indicates a return to inventory accumulation.
The fluctuations in inventory levels may warrant further investigation to understand the underlying drivers, such as changes in supply chain dynamics, sales patterns, or inventory management strategies.