American Woodmark Corporation (AMWD)

Inventory turnover

		Apr 30, 2024	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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Cost of revenue (ttm)	US$ in thousands	1,759,686	1,795,038	1,860,200	1,951,314	2,015,317	2,055,022	2,122,001	2,049,814	1,973,795	1,939,783	1,820,870	1,789,040	1,718,916	1,642,761	1,629,739	1,597,485	1,530,474	1,444,479	1,369,966	1,298,846
Inventory	US$ in thousands	159,101	163,382	162,062	167,539	190,699	224,763	252,961	247,021	228,259	204,234	190,998	181,794	158,167	144,592	127,715	126,700	121,930	119,800	115,341	108,528
Inventory turnover		11.06	10.99	11.48	11.65	10.57	9.14	8.39	8.30	8.65	9.50	9.53	9.84	10.87	11.36	12.76	12.61	12.55	12.06	11.88	11.97

April 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,759,686K ÷ $159,101K
= 11.06

American Woodmark Corporation's inventory turnover has shown some fluctuations over the past several periods. The inventory turnover ratio measures how efficiently the company is managing its inventory by indicating how many times the inventory is sold and replaced within a specific time period.

From the data provided, we can see that the inventory turnover has generally been in the range of 8 to 12 times over the past few years. The trend has shown some variability, with occasional fluctuations in the ratio.

In recent periods, the inventory turnover ratio has ranged between 9 and 11 times, indicating that the company is efficiently managing its inventory levels. A higher inventory turnover ratio generally signifies better efficiency in inventory management, as it implies that the company is selling and restocking its inventory more frequently.

Overall, the inventory turnover trend of American Woodmark Corporation suggests that the company is effectively managing its inventory levels, with the ratio consistently staying within a reasonable range and showing a relatively stable pattern over time. However, it is essential for the company to continue monitoring and optimizing its inventory turnover to ensure efficient operations and maximize profitability.