Apogee Enterprises Inc (APOG)
Inventory turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,001,101 | 1,084,562 | 1,105,741 | 1,110,031 | 1,179,437 | 1,083,154 | 1,122,902 | 1,142,220 | 1,169,099 | 1,176,788 | 1,183,016 | 1,195,528 | 1,199,668 | 1,220,848 | 1,241,535 | 1,231,314 | 1,222,747 | 1,169,763 | 1,199,492 | 1,198,011 |
| Inventory | US$ in thousands | 92,305 | 97,003 | 79,591 | 80,495 | 69,240 | 69,240 | 70,267 | 70,267 | 72,775 | 72,775 | 80,579 | 80,579 | 78,441 | 78,441 | 86,032 | 86,032 | 98,046 | 98,046 | 98,517 | 98,517 |
| Inventory turnover | 10.85 | 11.18 | 13.89 | 13.79 | 17.03 | 15.64 | 15.98 | 16.26 | 16.06 | 16.17 | 14.68 | 14.84 | 15.29 | 15.56 | 14.43 | 14.31 | 12.47 | 11.93 | 12.18 | 12.16 |
February 28, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,001,101K ÷ $92,305K
= 10.85
Apogee Enterprises Inc's inventory turnover ratio provides insight into the efficiency of the company in managing its inventory levels. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently.
Based on the provided data, Apogee Enterprises Inc's inventory turnover has shown some fluctuations over time. The ratio ranged from a low of 10.85 on February 28, 2025, to a high of 17.03 on March 2, 2024. Generally, the company's inventory turnover has been relatively strong, hovering mostly above 12, which suggests efficient inventory management.
The trend indicates that there were improvements in inventory turnover from late 2022 to early 2023, reaching a peak in March 2024. However, there was a decrease in inventory turnover towards mid-2024, possibly indicating a slower rate of inventory sales during that period.
Overall, Apogee Enterprises Inc's inventory turnover ratio reflects a positive trend of efficient inventory management, with some fluctuations observed over the analyzed period. It would be important for the company to closely monitor these fluctuations to ensure optimal inventory management practices.