Agilent Technologies Inc (A)
Inventory turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,422,000 | 5,484,000 | 5,545,000 | 5,046,000 | 4,993,000 | 4,987,000 | 4,892,000 | 4,850,000 | 4,843,000 | 4,775,000 | 4,707,000 | 4,499,000 | 4,404,000 | 4,332,000 | 4,265,000 | 4,259,000 | 4,122,000 | 3,994,000 | 3,459,000 | 3,034,000 |
| Inventory | US$ in thousands | 1,033,000 | 1,031,000 | 1,072,000 | 1,103,000 | 1,111,000 | 1,038,000 | 1,010,000 | 937,000 | 879,000 | 830,000 | 818,000 | 791,000 | 755,000 | 720,000 | 746,000 | 750,000 | 706,000 | 679,000 | 660,000 | 657,000 |
| Inventory turnover | 5.25 | 5.32 | 5.17 | 4.57 | 4.49 | 4.80 | 4.84 | 5.18 | 5.51 | 5.75 | 5.75 | 5.69 | 5.83 | 6.02 | 5.72 | 5.68 | 5.84 | 5.88 | 5.24 | 4.62 |
January 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,422,000K ÷ $1,033,000K
= 5.25
Agilent Technologies Inc.'s inventory turnover has been relatively stable over the past eight quarters, ranging from 2.84 to 3.27. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a given period.
A higher inventory turnover ratio generally indicates that the company is effectively managing its inventory by quickly selling products and restocking them. Agilent's inventory turnover ratio has been consistently above 3, which suggests that the company is efficiently managing its inventory levels.
However, it is important to consider industry norms and compare Agilent's ratio with its competitors to gain a better understanding of its performance in inventory management. Despite the stability in the ratio, trends over a longer period need to be analyzed to assess any potential changes in inventory management efficiency.
Peer comparison
Jan 31, 2024
Jan 31, 2024