Albany International Corporation (AIN)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	828,839	835,980	807,249	759,057	724,191	692,162	672,961	662,318	645,105	617,254	597,584	569,599	550,850	542,546	526,843	517,062	529,538	555,036	597,365	643,122
Inventory	US$ in thousands	145,845	160,617	161,626	166,025	169,567	180,991	151,360	153,777	139,050	133,840	133,667	123,835	117,882	118,129	120,665	117,022	110,478	113,107	115,532	109,426
Inventory turnover		5.68	5.20	4.99	4.57	4.27	3.82	4.45	4.31	4.64	4.61	4.47	4.60	4.67	4.59	4.37	4.42	4.79	4.91	5.17	5.88

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $828,839K ÷ $145,845K
= 5.68

Albany International Corporation's inventory turnover ratio has displayed fluctuations over the period provided. The inventory turnover ratio measures how many times a company's inventory is sold and replaced during a certain period.

From March 31, 2020, to December 31, 2024, the inventory turnover ratio ranged from 4.31 to 5.88. It declined from 5.88 on March 31, 2020, to 4.47 on June 30, 2022, indicating a decrease in the rate at which the company was selling its inventory.

Although there were fluctuations, the trend seemed to be slightly decreasing overall. From December 31, 2024, the ratio improved to 5.68, which may suggest better management of inventory in the most recent period.

However, it is crucial to monitor this ratio over time and compare it with industry averages to assess the company's performance in managing its inventory effectively.