For fiscal 2024, which retailer turns inventory faster — Home Depot or Lowe's — and by how many days of inventory outstanding (DIO)? Count each company's actual fiscal-year length, not a flat 365 days.

# HD - Income Statement (Annual)

**Showing 2 periods** (most recent first)

**Period-over-period change (FY2025 vs FY2024, YoY):**
- **Revenue**: $159.51B (was $152.67B; +4.5%)
- **Cost of Revenue (COGS)**: $106.21B (was $101.71B; +4.4%)
- **Gross Profit**: $53.31B (was $50.96B; +4.6%)
- **SG&A Expenses**: $28.75B (was $26.60B; +8.1%)
- **Operating Expenses**: $31.78B (was $29.27B; +8.6%)
- **Operating Income**: $21.53B (was $21.69B; -0.8%)
- **Interest Expense**: $2.32B (was $1.94B; +19.5%)
- **Net Income**: $14.81B (was $15.14B; -2.2%)
- **EPS (Diluted)**: $14.91 (was $15.11; -1.3%)
- **Diluted Shares Outstanding**: 993.00M (was 1.00B; -0.9%)
- **Gross Margin**: 33.42% (was 33.38%; +0.04pp (+4bp))
- **Operating Margin**: 13.49% (was 14.21%; -0.71pp (-71bp))
- **Net Margin**: 9.28% (was 9.92%; -0.64pp (-64bp))

{
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  "metrics": {
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      -0.006369001305245803
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}

# HD - Balance Sheet (Annual)

**Showing 2 periods** (most recent first)

**Period-over-period change (FY2025 vs FY2024, YoY):**
- **Total Assets**: $96.12B (was $76.53B; +25.6%)
- **Current Assets**: $31.68B (was $29.77B; +6.4%)
- **  Cash & Equivalents**: $1.66B (was $3.76B; -55.9%)
- **  Accounts Receivable**: $4.90B (was $3.33B; +47.3%)
- **  Inventory**: $23.45B (was $20.98B; +11.8%)
- **PP&E (Net)**: $26.70B (was $26.15B; +2.1%)
- **Goodwill**: $19.48B (was $8.46B; +130.3%)
- **Intangible Assets**: $8.98B (was $3.61B; +149.1%)
- **Total Liabilities**: $89.48B (was $75.49B; +18.5%)
- **Current Liabilities**: $28.66B (was $22.02B; +30.2%)
- **  Accounts Payable**: $11.94B (was $10.04B; +18.9%)
- **Short-Term Debt**: $316.00M (was $0.00; n/a (prior was zero))
- **Long-Term Debt**: $48.48B (was $42.74B; +13.4%)
- **Total Debt**: $53.38B (was $44.11B; +21.0%)
- **Total Equity**: $6.64B (was $1.04B; +536.0%)
- **Shares Outstanding**: 994.00M (was 992.00M; +0.2%)
- **Current Ratio**: 1.11x (was 1.35x; -18.3%)
- **Debt/Equity**: 8.04x (was 42.25x; -81.0%)
- **Inventory Turnover**: 4.78x (was 4.44x; +7.8%)

{
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  "metrics": {
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    "inventory_turnover_pop_change": [
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  }
}

**Next:** Use compare_companies() for peer benchmarking, get_filing_index() for a qualitative signal map, or get_stock_price() for the share-price / return leg of a valuation.

# LOW - Income Statement (Annual)

**Showing 2 periods** (most recent first)

**Period-over-period change (FY2025 vs FY2024, YoY):**
- **Revenue**: $83.67B (was $86.38B; -3.1%)
- **Cost of Revenue (COGS)**: $55.80B (was $57.53B; -3.0%)
- **Gross Profit**: $27.88B (was $28.84B; -3.4%)
- **SG&A Expenses**: $15.68B (was $15.57B; +0.7%)
- **Operating Expenses**: $71.48B (was $73.10B; -2.2%)
- **Operating Income**: $10.47B (was $11.56B; -9.4%)
- **Interest Expense**: $1.45B (was $1.44B; +1.0%)
- **Net Income**: $6.94B (was $7.71B; -9.9%)
- **EPS (Diluted)**: $12.23 (was $13.20; -7.3%)
- **Diluted Shares Outstanding**: 568.00M (was 584.00M; -2.7%)
- **Gross Margin**: 33.32% (was 33.39%; -0.08pp (-8bp))
- **Operating Margin**: 12.51% (was 13.38%; -0.87pp (-87bp))
- **Net Margin**: 8.29% (was 8.92%; -0.63pp (-63bp))

{
  "periods": [
    "FY2025",
    "FY2024"
  ],
  "metrics": {
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    "eps_diluted": [
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    "revenues_pop_change": [
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    "gross_profit_pop_change": [
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    "rnd_exps_pop_change": [
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    "eps_diluted_pop_change": [
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    "shares_diluted_pop_change": [
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    "gross_margin_pop_change": [
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      -0.008716521161825029
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    "net_margin_pop_change": [
      -0.006272626348204149
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  }
}

# LOW - Balance Sheet (Annual)

**Showing 2 periods** (most recent first)

**Period-over-period change (FY2025 vs FY2024, YoY):**
- **Total Assets**: $43.10B (was $41.80B; +3.1%)
- **Current Assets**: $20.36B (was $19.07B; +6.7%)
- **  Cash & Equivalents**: $1.76B (was $921.00M; +91.2%)
- **  Inventory**: $17.41B (was $16.89B; +3.0%)
- **PP&E (Net)**: $17.65B (was $17.65B; -0.0%)
- **Goodwill**: $311.00M (was $311.00M; +0.0%)
- **Total Liabilities**: $57.33B (was $56.84B; +0.9%)
- **Current Liabilities**: $18.76B (was $15.57B; +20.5%)
- **  Accounts Payable**: $9.29B (was $8.70B; +6.7%)
- **Short-Term Debt**: $0.00 (was $0.00; 0.0%)
- **Long-Term Debt**: $32.90B (was $35.38B; -7.0%)
- **Total Debt**: $35.49B (was $35.92B; -1.2%)
- **Total Equity**: -$14.23B (was -$15.05B; +5.4%)
- **Shares Outstanding**: 560.00M (was 574.00M; -2.4%)
- **Current Ratio**: 1.09x (was 1.23x; -11.4%)
- **Debt/Equity**: -2.49x (was -2.39x; -4.5%)
- **Inventory Turnover**: 3.25x (was 3.25x; +0.2%)

{
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    "shares_outstanding_pop_change": [
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    "debt_to_equity_pop_change": [
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    "inventory_turnover_pop_change": [
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  }
}

**Next:** Use compare_companies() for peer benchmarking, get_filing_index() for a qualitative signal map, or get_stock_price() for the share-price / return leg of a valuation.

# HOME DEPOT, INC. (HD) — SEC Filings

**2 filings** found

## 10-K — FY (filed 2025-03-21)
Accession: 0000354950-25-000085 | 57 sections | 69 tables

## 10-K — FY (filed 2024-03-13)
Accession: 0000354950-24-000062 | 56 sections | 64 tables

**Tip:** Use `get_filing_section` with a section_id and accession_number above to read section content.

# LOWES COMPANIES INC (LOW) — SEC Filings

**3 filings** found

## 10-K — FY (filed 2025-03-24)
Accession: 0000060667-25-000049 | 58 sections | 78 tables

## 10-K — FY (filed 2024-03-25)
Accession: 0000060667-24-000033 | 58 sections | 72 tables

## 10-K — FY (filed 2023-03-27)
Accession: 0000060667-23-000034 | 58 sections | 64 tables

**Tip:** Use `get_filing_section` with a section_id and accession_number above to read section content.

# LOW — footnote_accounting_policies
10-K FY FY2024 (filed 2025-03-24)
**Keyword search:** "fiscal year weeks ended" — 1 matching chunk

**[Chunk 1 of 10]**
[LOW | 10-K FY 2024 | Summary of Significant Accounting Policies | Chunk 1/10]

Summary of Significant Accounting Policies
Lowe’s Companies, Inc. and subsidiaries (the Company) is the world’s second-largest home improvement retailer and operated 1,748 stores and outlets in the United States as of January 31, 2025. On February 3, 2023, Lowe’s completed the sale of its Canadian retail business, which operated 232 stores in Canada, as well as serviced 210 dealer-owned stores. The Canadian retail business included a number of complementary formats under the banners of RONA, Lowe’s Canada, Réno-Dépôt, and Dick’s Lumber. See
Note 6
for information on this divestiture. Below are those accounting policies considered by the Company to be significant. Fiscal Year - The Company’s fiscal year ends on the Friday nearest the end of January. Fiscal 2022 contained 53 weeks, and fiscal years 2023 and 2024 each contained 52 weeks. All references herein for the years 2024, 2023, and 2022 represent the fiscal years ended January 31, 2025, February 2, 2024, and February 3, 2023, respectively. Principles of Consolidation - The consolidated financial statements include the accounts of the Company and its wholly-owned or controlled subsidiaries. All intercompany accounts and transactions have been eliminated. Foreign Currency - The functional currencies of the Company’s international subsidiaries are generally the local currencies of the countries in which the subsidiaries are located. Foreign currency denominated assets and liabilities are translated into U.S. dollars using the exchange rates in effect at the balance sheet date. Results of operations and cash flows are translated using the average exchange rates throughout the period. The effect of exchange rate fluctuations on translation of assets and liabilities is included as a component of shareholders’ deficit in accumulated other comprehensive income. Gains and losses from foreign currency transactions are included in SG&A expense. Use of Estimates - The preparation of the Company’s financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates that affect the reported amounts of assets, liabilities, sales and expenses, and related disclosures of contingent assets and liabilities. The Company bases these estimates on historical results and various other assumptions believed to be reasonable, all of which form the basis for making estimates concerning the carrying values of assets and liabilities that are not readily available from other sources. Actual results may differ from these estimates. Cash and Cash Equivalents - Cash and cash equivalents include cash on hand, demand deposits, and short-term investments with original maturities of three months or less when purchased. Cash and cash equivalents are carried at amortized cost on the consolidated balance sheets. The majority of payments due from financial institutions for the settlement of credit card and debit card transactions process within two business days and are, therefore, classified as cash and cash equivalents. Investments - Investments generally consist of certificates of deposit, commercial paper, corporate debt securities, governmental securities, and money market funds, which are classified as available-for-sale. Available-for-sale debt securities are recorded at fair value, and unrealized gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. The proceeds from sales and gross realized gains and losses on available-for-sale debt securities were not significant for any of the periods presented. Also included in long-term investments is performance-based contingent consideration associated with the sale of the Canadian retail business. The Company accounts for the contingent consideration under the fair value option under Accounting Standards Codification (ASC) 825, Financial Instruments, which requires the contingent consideration to be recorded at fair value upon recognition and as of each balance sheet date thereafter.

---
SEC Filing: sec.gov/…↗⧉
MetricDuck Viewer: viewer.metricduck.com/…#section-footnote_accounting_policies↗⧉
Accession: 0000060667-25-000049
Citation: mdck://LOW/0000060667-25-000049/footnote_accounting_policies#c0

1 chunk matched "fiscal year weeks ended". Remove query to browse full section.

**Structured tables in this filing** — disaggregated figures behind this section's prose. Query these (not the prose) for the numbers:
- `table_contract_assets` — Contract Assets and Liabilities
- `table_debt_maturities` — Debt Maturities Schedule
- `table_deferred_taxes` — Deferred Tax Assets and Liabilities
- `table_eps` — Earnings Per Share Computation
- `table_lease_costs` — Lease Costs Schedule
- `table_ppe` — Property, Plant and Equipment Schedule
- `table_revenue_disaggregation` — Revenue Disaggregation
- `table_segment_reporting` — Segment Reporting Schedule
Or read the as-filed percentages directly: `get_xbrl_facts(cik="0000060667", search="concentration")` (revenue share by customer / channel / geography / product).

**Other sections in this filing:**
- `accountant_changes` (Changes in and Disagreements with Accountants) — ~15 words
- `business_description` (Business Description) — ~5,109 words
- `controls_procedures` (Controls and Procedures) — ~305 words
- `cybersecurity` (Cybersecurity) — ~1,086 words
- `footnote_cash_investments` (Cash and Investments) — ~20 words
- `footnote_commitments` (Commitments and Contingencies) — ~419 words
- `footnote_debt` (Debt and Credit Facilities) — ~1,637 words
- `footnote_derivatives` (Derivative Financial Instruments) — ~650 words
- `footnote_eps` (Earnings Per Share) — ~887 words
- `footnote_equity` (Stockholders' Equity) — ~1,429 words
- `footnote_fair_value` (Fair Value Measurements) — ~1,808 words
- `footnote_goodwill` (Goodwill and Intangible Assets) — ~132 words
- `footnote_income_tax` (Income Taxes) — ~1,928 words
- `footnote_inventory` (Inventories) — ~45 words
- `footnote_leases` (Leases) — ~1,950 words
- `footnote_pension` (Pension and Post-Retirement Benefits) — ~238 words
- `footnote_ppe` (Property, Plant and Equipment) — ~383 words
- `footnote_related_party` (Related Party Transactions) — ~70 words
- `footnote_revenue` (Revenue Recognition) — ~1,697 words
- `footnote_segment` (Segment Information) — ~1,053 words
- `footnote_stock_comp` (Stock-Based Compensation) — ~3,781 words
- `footnotes_introduction` (Notes to Financial Statements - Introduction) — ~35 words
- `legal_proceedings` (Legal Proceedings) — ~293 words
- `market_equity` (Market for Common Equity) — ~849 words
- `market_risk` (Market Risk Disclosures) — ~202 words
- `mda` (Results of Operations) — ~4,132 words
- `mda_critical_accounting` (Critical Accounting Policies)
- `mda_full` (Management's Discussion and Analysis) — ~16,235 words
- `mda_liquidity` (Liquidity and Capital Resources)
- `mda_non_gaap` (Non-GAAP Financial Measures)
- `mda_outlook`
- `mda_results_operations` (Results of Operations)
- `mine_safety` (Mine Safety Disclosures) — ~1,385 words
- `other_information_10k` (Other Information (10-K)) — ~158 words
- `policy_derivatives` (Derivatives Policy) — ~259 words
- `policy_income_tax` (Income Tax Policy) — ~322 words
- `policy_inventory` (Inventory Policy) — ~149 words
- `policy_leases` (Leases Policy) — ~370 words
- `policy_ppe` (Property, Plant and Equipment Policy) — ~223 words
- `policy_revenue_recognition` (Revenue Recognition Policy) — ~434 words
- `properties` (Properties) — ~443 words
- `risk_factors` (Technology and Cybersecurity Risks) — ~7,932 words
- `risk_factors_investmentrelated_risks`
- `risk_factors_legal_regulatory_and_other_external_risks`
- `risk_factors_strategic_competitive_operational_and_reputational`
- `risk_factors_supply_chain_and_thirdparty_risks`
- `risk_factors_technology_and_cybersecurity_risks`
- `signature_officers` (Signatures (Executive Officers)) — ~767 words
- `table_contract_assets` (Contract Assets and Liabilities) — ~241 words
- `table_debt_maturities` (Debt Maturities Schedule) — ~94 words
- `table_deferred_taxes` (Deferred Tax Assets and Liabilities) — ~251 words
- `table_eps` (Earnings Per Share Computation) — ~375 words
- `table_lease_costs` (Lease Costs Schedule) — ~166 words
- `table_ppe` (Property, Plant and Equipment Schedule) — ~154 words
- `table_revenue_disaggregation` (Revenue Disaggregation) — ~123 words
- `table_segment_reporting` (Segment Reporting Schedule) — ~501 words
- `unresolved_staff_comments` (Unresolved Staff Comments) — ~17 words

_Drill in via `get_filing_section(cik="0000060667", accession_number="0000060667-25-000049", section_id="...")`._
---
## Matching Tables

**- Other current liabilities on the consolidated balance sheets consist of:**

*Keyword "fiscal year weeks ended" matched no chunks in section "footnote_accounting_policies". Showing full section (3 chunks) for browse — try a broader term or drop the query entirely. If you're looking for a specific financial line-item or disaggregated component (e.g. cost-of-sales sub-items, depreciation, segment figures), it may be XBRL-tagged rather than in the prose — try: `get_xbrl_facts("HD", search="fiscal year weeks ended")`.*

# HD — footnote_accounting_policies
10-K FY FY2024 (filed 2025-03-21)
~5,642 words | Chunks 1-3 of 14

[0000354950 | 10-K FY 2024 | Summary of Significant Accounting Policies | Chunk 1/14]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business
The Home Depot, Inc., together with its subsidiaries (the “Company,” “The Home Depot,” “Home Depot,” “we,” “our” or “us”), is a home improvement retailer that sells a wide assortment of building materials, home improvement products, lawn and garden products, décor products, and facilities MRO products in stores and online. We also provide a number of services, including home improvement installation services, and tool and equipment rental.
During the second quarter of fiscal 2024, we completed the acquisition of SRS, a leading residential specialty trade distribution company that sells roofing and complementary building products, landscape, and pool products to professional contractors. Refer to
Note 2
and
Note 13
for further discussion on the acquisition, including certain impacts of the acquisition on our consolidated financial statements.
Consolidation and Presentation
Our consolidated financial statements include our accounts and those of our subsidiaries. Intercompany balances and transactions are eliminated in consolidation. Our fiscal year is a 52- or 53-week period ending on the Sunday nearest to January 31. Fiscal 2024 includes 53 weeks, while fiscal 2023 and fiscal 2022 include 52 weeks.
Reclassifications
Effective July 28, 2024, we began separately presenting intangible assets, net, on the consolidated balance sheets, which were previously included in the other assets line item. In addition, we began separately presenting intangible asset amortization on the statements of cash flows, which was previously included in the depreciation and amortization line item. Prior period amounts have been reclassified to conform to the current year’s financial statement presentation.
Use of Estimates
We have made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and reported amounts of revenues and expenses in preparing these financial statements in conformity with GAAP. While we believe these estimates and assumptions are reasonable, actual results could differ from these estimates.
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and highly liquid investments purchased with original maturities of three months or less.
Receivables, net
The following table presents components of receivables, net:

| in millions | February 2,2025 | | January 28,2024 |
| Card receivables | $1,019 | | $988 |
| Rebate receivables | 1,404 | | 841 |
| Customer receivables | 1,896 | | 924 |
| Other receivables | 584 | | 575 |
| Receivables, net | $4,903 | | $3,328 |

[0000354950 | 10-K FY 2024 | Summary of Significant Accounting Policies | Chunk 2/14]

[XBRL Context: This table contains accounts receivable net current data (us-gaap:AccountsReceivableNetCurrent). Card receivables: 1,019 (raw: 1019000000.0, concept: us-gaap:AccountsReceivableNetCurrent). Rebate receivables: 1,404 (raw: 1404000000.0, concept: us-gaap:AccountsReceivableNetCurrent). Customer receivables: 1,896 (raw: 1896000000.0, concept: us-gaap:AccountsReceivableNetCurrent). Other receivables: 584 (raw: 584000000.0, concept: us-gaap:AccountsReceivableNetCurrent). Receivables, net: 4,903 (raw: 4903000000.0, concept: us-gaap:AccountsReceivableNetCurrent). ]

[0000354950 | 10-K FY 2024 | Summary of Significant Accounting Policies | Chunk 3/14]

Card receivables consist of payments due from financial institutions for the settlement of credit card and debit card transactions. Rebate receivables represent amounts due from vendors for volume and co-op advertising rebates. Customer receivables relate to credit extended directly to certain customers in the ordinary course of business, which increased compared to the beginning of the year primarily as a result of the SRS acquisition. The valuation allowance related to these receivables was not material to our consolidated financial statements at the end of fiscal 2024 or fiscal 2023.
Merchandise Inventories
Inventory cost includes the amount we pay to acquire inventory, including freight and import costs, as well as operating costs and depreciation associated with our sourcing and distribution network, and is net of certain vendor allowances. The majority of our merchandise inventories are stated at the lower of cost or market, as determined by the retail inventory method, which is based on a number of factors such as markups, markdowns, and inventory losses (or shrink). As the inventory retail value is adjusted regularly to reflect market conditions, inventory valued using the retail method approximates the lower of cost or market. Our remaining merchandise inventories, including those within our retail operations in Canada and Mexico, distribution centers, and SRS, are recorded at the lower of cost or net realizable value, as determined by a cost method, primarily the first-in, first-out method. We evaluate the inventory valued using a cost method at the end of each quarter to ensure that it is carried at the lower of cost or net realizable value, and the adjustments recorded to merchandise inventories valued under a cost method were not material to our consolidated financial statements at the end of fiscal 2024 or fiscal 2023.
Physical inventory counts or cycle counts are taken on a regular basis in our stores, distribution centers and branches to ensure that amounts reflected in merchandise inventories are properly stated. Shrink (or in the case of excess inventory, swell) is the difference between the recorded amount of inventory and the physical inventory count. We calculate shrink based on actual inventory losses identified as a result of physical inventory counts during each fiscal period and estimated inventory losses occurring between physical inventory counts. The estimate for shrink occurring in the interim period between physical inventory counts is calculated on a store-specific basis and is primarily based on recent shrink results. Historically, the difference between estimated shrink and actual inventory losses has not been material to our annual financial results.
Property and Equipment
Buildings and related improvements, furniture, fixtures, and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives. Leasehold improvements and assets held under finance leases are amortized using the straight-line method over the original term of the lease or the useful life of the asset, whichever is shorter.
The following table presents the estimated useful lives of our property and equipment:

---
SEC Filing: sec.gov/…↗⧉
Accession: 0000354950-25-000085
Citation: mdck://0000354950/0000354950-25-000085/footnote_accounting_policies#c0

**Structured tables in this filing** — disaggregated figures behind this section's prose. Query these (not the prose) for the numbers:
- `table_debt_maturities` — Debt Maturities Schedule
- `table_deferred_taxes` — Deferred Tax Assets and Liabilities
- `table_fair_value` — Fair Value Measurements Schedule
- `table_goodwill` — Goodwill Schedule
- `table_lease_costs` — Lease Costs Schedule
- `table_ppe` — Property, Plant and Equipment Schedule
- `table_segment_reporting` — Segment Reporting Schedule
Or read the as-filed percentages directly: `get_xbrl_facts(cik="0000354950", search="concentration")` (revenue share by customer / channel / geography / product).

**Other sections in this filing:**
- `accountant_changes` (Changes in and Disagreements with Accountants) — ~35 words
- `business_description` (Business Description) — ~6,205 words
- `controls_procedures` (Controls and Procedures) — ~1,308 words
- `cybersecurity` (Cybersecurity) — ~1,180 words
- `footnote_business_combinations` (Business Combinations) — ~1,714 words
- `footnote_cash_investments` (Cash and Investments) — ~315 words
- `footnote_commitments` (Commitments and Contingencies) — ~69 words
- `footnote_debt` (Debt and Credit Facilities) — ~4,100 words
- `footnote_derivatives` (Derivative Financial Instruments) — ~201 words
- `footnote_eps` (Earnings Per Share) — ~277 words
- `footnote_equity` (Stockholders' Equity) — ~794 words
- `footnote_fair_value` (Fair Value Measurements) — ~656 words
- `footnote_goodwill` (Goodwill and Intangible Assets) — ~1,415 words
- `footnote_income_tax` (Income Taxes) — ~2,996 words
- `footnote_inventory` (Inventories) — ~357 words
- `footnote_leases` (Leases) — ~547 words
- `footnote_pension` (Pension and Post-Retirement Benefits) — ~285 words
- `footnote_ppe` (Property, Plant and Equipment) — ~373 words
- `footnote_revenue` (Revenue Recognition) — ~537 words
- `footnote_segment` (Segment Information) — ~3,249 words
- `footnote_stock_comp` (Stock-Based Compensation) — ~3,722 words
- `footnotes_introduction` (Notes to Financial Statements - Introduction) — ~3,654 words
- `legal_proceedings` (Legal Proceedings) — ~347 words
- `market_equity` (Market for Common Equity) — ~1,061 words
- `market_risk` (Market Risk Disclosures) — ~337 words
- `mda` (Results of Operations) — ~1,965 words
- `mda_critical_accounting`
- `mda_full` (Management's Discussion and Analysis) — ~6,025 words
- `mda_liquidity`
- `mda_non_gaap` (Non-GAAP Financial Measures)
- `mda_off_balance_sheet`
- `mda_overview`
- `mda_results_operations`
- `mine_safety` (Mine Safety Disclosures) — ~27 words
- `other_information_10k` (Other Information (10-K)) — ~46 words
- `policy_cash_equivalents` (Cash and Cash Equivalents Policy) — ~22 words
- `policy_consolidation` (Consolidation Policy) — ~144 words
- `policy_derivatives` (Derivatives Policy) — ~224 words
- `policy_goodwill_intangibles` (Goodwill and Intangibles Policy) — ~209 words
- `policy_income_tax` (Income Tax Policy) — ~424 words
- `policy_inventory` (Inventory Policy) — ~327 words
- `policy_leases` (Leases Policy) — ~547 words
- `policy_ppe` (Property, Plant and Equipment Policy) — ~54 words
- `policy_receivables` (Receivables and Credit Loss Policy) — ~65 words
- `policy_revenue_recognition` (Revenue Recognition Policy) — ~537 words
- `properties` (Properties) — ~1,208 words
- `risk_factors` (Risk Factors) — ~43 words
- `signature_officers` (Signatures (Executive Officers)) — ~527 words
- `table_debt_maturities` (Debt Maturities Schedule) — ~77 words
- `table_deferred_taxes` (Deferred Tax Assets and Liabilities) — ~359 words
- `table_fair_value` (Fair Value Measurements Schedule) — ~102 words
- `table_goodwill` (Goodwill Schedule) — ~258 words
- `table_lease_costs` (Lease Costs Schedule) — ~309 words
- `table_ppe` (Property, Plant and Equipment Schedule) — ~158 words
- `table_segment_reporting` (Segment Reporting Schedule) — ~373 words
- `unresolved_staff_comments` (Unresolved Staff Comments) — ~10 words

_Drill in via `get_filing_section(cik="0000354950", accession_number="0000354950-25-000085", section_id="...")`._
---
## Matching Tables

**in millionsFebruary 2,2025January 28,2024Card receivables$1,019$988Rebate receivables1,404841Customer receivables1,896924Other receivables584575Receivables, net$4,903$3,328**

**The following table presents the changes in our outstanding obligations under our supplier finance program:**
The following table presents the changes in our outstanding obligations under our supplier finance program:

22213.5

17151.5

77.59644935314388

111.89035252791369

34.29390317476981

DigestPayload · 2,852 chars

All inputs confirmed. Here is the full analysis.

---

## Inventory Efficiency Comparison: HD vs. LOW — FY2024

**Data sources:** HD 10-K (filed 2025-03-21, accession 0000354950-25-000085) and LOW 10-K (filed 2025-03-24, accession 0000060667-25-000049). Both are labeled "FY2025" in MetricDuck's system (filing year = 2025) but correspond to what each company calls **fiscal year 2024**.

---

### Step 1 — Actual Days in Fiscal Year

| | HD FY2024 | LOW FY2024 |
|---|---|---|
| Fiscal year end | February 2, 2025 | January 31, 2025 |
| Fiscal year start | January 29, 2024 | February 3, 2024 |
| Weeks | **53 weeks** (per 10-K Note 1) | **52 weeks** (per 10-K Note 1) |
| **Actual days** | **371** (53 × 7) | **364** (52 × 7) |

HD's FY2024 was a 53-week year; LOW's was a standard 52-week year.

---

### Step 2 — Average Inventory (in millions)

| | HD | LOW |
|---|---|---|
| Beginning inventory (prior FY end) | $20,976 (Jan 28, 2024) | $16,894 (Feb 2, 2024) |
| Ending inventory (current FY end) | $23,451 (Feb 2, 2025) | $17,409 (Jan 31, 2025) |
| **Average Inventory** | **($20,976 + $23,451) / 2 = $22,213.50** | **($16,894 + $17,409) / 2 = $17,151.50** |

---

### Step 3 — COGS (in millions, from 10-K income statement)

| | HD | LOW |
|---|---|---|
| Cost of Revenue (COGS) | **$106,206** | **$55,797** |

---

### Step 4 — Days Inventory Outstanding (DIO)

**Formula:** DIO = (Average Inventory ÷ COGS) × Actual Days in Fiscal Year

| | HD | LOW |
|---|---|---|
| Avg Inventory / COGS | $22,213.50 / $106,206 = 0.20917 | $17,151.50 / $55,797 = 0.30739 |
| × Actual Days | × 371 | × 364 |
| **DIO** | **77.60 days** | **111.89 days** |

---

### Step 5 — Comparison

| | HD | LOW |
|---|---|---|
| DIO | 77.60 days | 111.89 days |
| **DIO Difference** | **LOW − HD = 34.29 days slower** | |

**Home Depot (HD) turns its inventory significantly faster.** At 77.60 days vs. Lowe's 111.89 days, HD clears its inventory shelf roughly 34 days quicker per cycle. This reflects HD's heavier mix of professional/contractor customers (higher velocity, more predictable demand) and its longer-established supply chain efficiencies vs. Lowe's more DIY-focused, somewhat slower-moving assortment.

---

FINAL ANSWER:
- **HD FY2024 actual days in fiscal year:** 371 days (53-week year, January 29, 2024 – February 2, 2025)
- **LOW FY2024 actual days in fiscal year:** 364 days (52-week year, February 3, 2024 – January 31, 2025)
- **HD average inventory:** ($20,976M + $23,451M) / 2 = **$22,213.50M**
- **LOW average inventory:** ($16,894M + $17,409M) / 2 = **$17,151.50M**
- **HD DIO:** ($22,213.50M / $106,206M) × 371 = **77.60 days**
- **LOW DIO:** ($17,151.50M / $55,797M) × 364 = **111.89 days**
- **HD turns inventory faster** (lower DIO)
- **Difference in DIO:** 111.89 − 77.60 = **34.29 days** (LOW carries inventory ~34.29 days longer than HD)