Stock Analysis on Net

Home Depot Inc. (NYSE:HD)

$24.99

Analysis of Inventory

Microsoft Excel

Inventory Disclosure

Home Depot Inc., balance sheet: inventory

US$ in millions

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Merchandise inventories

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).


Merchandise Inventories
The merchandise inventories displayed an overall upward trend over the period from February 2020 to February 2025, with fluctuations across individual years.
Initially, inventories increased steadily from $14,531 million in February 2020 to $22,068 million by January 2022. This represents a substantial rise, indicating expansion or accumulation of stock perhaps due to increased sales expectations or supply chain strategies.
The upward trend continued into January 2023 with inventories reaching a peak of $24,886 million. However, a notable decline occurred in January 2024, where inventories dropped to $20,976 million, suggesting a possible reduction in stock levels or inventory optimization efforts.
By February 2025, inventories rose again to $23,451 million, indicating a recovery or adjustment in stock holdings after the previous decline.
Overall, the data reflects dynamic inventory management, with significant growth over the five-year span, punctuated by a mid-term reduction before rebounding towards the final period.