American Woodmark Corporation (AMWD)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,403,040 | 1,469,700 | 1,708,680 | 1,630,740 | 1,424,740 |
| Inventory | US$ in thousands | 178,111 | 159,101 | 190,699 | 228,259 | 158,167 |
| Inventory turnover | 7.88 | 9.24 | 8.96 | 7.14 | 9.01 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,403,040K ÷ $178,111K
= 7.88
The inventory turnover ratio for American Woodmark Corporation over the period from April 2021 to April 2025 demonstrates notable fluctuations, reflecting changes in inventory management efficiency.
In April 2021, the inventory turnover stood at 9.01, indicating that the company sold and replaced its inventory approximately 9 times during the year. A subsequent decrease to 7.14 in April 2022 suggests a decline in inventory turnover efficiency, potentially indicating slower sales, increased inventory levels, or inefficiencies in inventory management during that year.
The ratio rebounded significantly in April 2023 to 8.96, approaching the earlier 2021 level, which points to improved inventory management and faster inventory turnover. This upward trend continued into April 2024, reaching 9.24, surpassing the 2021 figure and indicating a period of efficient inventory utilization.
However, by April 2025, the ratio slightly declined to 7.88, which is still higher than the 2022 figure but below the 2023 and 2024 levels. This slight decrease may reflect a modest slowdown in sales or a strategic accumulation of inventory.
Overall, the data indicates that American Woodmark's inventory turnover experienced periods of both decline and recovery, with the most recent year showing a solid level of inventory efficiency, comparable to pre-2022 levels. The fluctuations suggest the company’s efforts to optimize inventory management and adapt to market conditions over the analyzed period.