Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

$24.99

Analysis of Inventory

Microsoft Excel

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Inventory Disclosure

Lowe’s Cos. Inc., balance sheet: inventory

US$ in millions

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Merchandise inventory, net

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).


The analysis of the merchandise inventory values over the six-year period reveals a general upward trend with some fluctuations. Starting from US$13,179 million in January 2020, the inventory increased significantly to US$16,193 million in January 2021, indicating a substantial buildup of stock.

This upward momentum continued into January 2022, reaching US$17,605 million, and further grew to US$18,532 million by February 2023, representing a consistent expansion in inventory levels year over year during this period.

However, in February 2024, there was a noticeable decline in merchandise inventory to US$16,894 million, suggesting a reduction in stock holdings after several years of growth. This decrease could indicate improved inventory management or a response to changes in demand or supply chain conditions.

By January 2025, the inventory figures recovered slightly to US$17,409 million, reflecting a partial rebound following the dip the previous year.

Summary of trends:
• A strong increase in merchandise inventory from 2020 through early 2023.
• A reduction in inventory levels in the 2024 period, interrupting the growth trend.
• A mild recovery in inventory levels in 2025, though not reaching previous highs.

This pattern suggests a period of expansion in stock accumulation followed by efforts to optimize or adjust inventory levels in response to external or internal factors impacting the business environment.