Analysis of Inventory
Inventory Disclosure
Lowe’s Cos. Inc., balance sheet: inventory
US$ in millions
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchandise inventory, net | 16,894) | 18,532) | 17,605) | 16,193) | 13,179) | 12,561) |
Based on: 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), 10-K (reporting date: 2019-02-01).
| Item | Description | The company |
|---|---|---|
| Merchandise inventory, net | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | Lowe’s Cos. Inc. merchandise inventory, net increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |