Analysis of Inventory
Inventory Disclosure
Best Buy Co. Inc., balance sheet: inventory
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchandise inventories | 5,965) | 5,612) | 5,174) | 5,409) | 5,209) | 4,864) |
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 inventories exhibited a general upward trajectory between January 2017 and January 2022, increasing from 4,864 million US dollars to 5,965 million US dollars. This represents a total growth of approximately 22.6% over the six-year period, indicating a long-term expansion in the volume of stock held for sale.
- Growth Trajectory and Patterns
- An initial growth phase was observed from 2017 to 2019, with inventory levels rising steadily from 4,864 million to 5,409 million US dollars. This period reflects a consistent increase in capital allocation toward merchandise.
- Inventory Contraction
- A notable deviation from the upward trend occurred in February 2020, when inventories decreased to 5,174 million US dollars from the previous year's 5,409 million US dollars. This represents the only year-over-year decline within the analyzed timeframe.
- Post-2020 Acceleration
- Following the 2020 contraction, a significant increase in inventory levels was recorded. Values rose to 5,612 million US dollars by January 2021 and continued to climb to 5,965 million US dollars by January 2022, marking the highest inventory level in the reported period.
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