I track the financials of publicly traded companies in a number of industry groups on a routine basis to follow their inventory performance.
From the Income Statement, I capture:
and from the Balance Sheet:
From this data, I calculate:
Here are graphs of this data for three companies in the same industry space. I leave you to do your own analysis and draw your own conclusions.
Note: The multi chart shown above uses a log scale: This allows large ranges of data to be shown on a single graph and the slope of the line reflects percentage changes to allow easy comparison.
Looking at inventory performance improvement through a different lens.