Automatic Data Processing Inc (ADP)

Inventory turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cost of revenue	US$ in thousands	10,108,700	9,612,000	9,206,700	8,767,700	8,031,400
Inventory	US$ in thousands	—	—	0	49,569,200	34,905,800
Inventory turnover		—	—	—	0.18	0.23

June 30, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $10,108,700K ÷ $—K
= —

The inventory turnover ratio for Automatic Data Processing Inc. over the period from June 30, 2021, to June 30, 2022, demonstrates a downward trend. Specifically, the ratio decreased from 0.23 in 2021 to 0.18 in 2022. This decline indicates that the company has been turning over its inventory less frequently in the most recent fiscal year compared to the prior year, suggesting a potential buildup or slowdown in inventory movement.

There is no available data beyond June 30, 2022, as the inventory turnover ratios for subsequent years—June 30, 2023, June 30, 2024, and June 30, 2025—are not reported ('—'). This absence of data precludes further trend analysis or the assessment of future inventory management performance.

In summary, the decreasing inventory turnover ratio from 2021 to 2022 reflects a reduction in inventory efficiency, which may warrant further investigation into inventory management strategies or product demand dynamics within that period.