Acuity Brands Inc (AYI)
Inventory turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,334,900 | 3,372,800 | 3,405,000 | 3,447,600 | 3,541,700 | 3,585,400 | 3,647,300 | 3,623,000 | 3,537,400 | 2,568,500 | 2,432,200 | 2,310,800 | 2,209,900 | 3,011,500 | 2,923,700 | 2,981,200 | 3,021,500 | 3,033,400 | 3,164,400 | 3,177,400 |
| Inventory | US$ in thousands | 387,600 | 372,300 | 375,800 | 365,300 | 368,500 | 400,500 | 436,400 | 487,000 | 485,700 | 580,600 | 524,400 | 439,700 | 398,700 | 370,000 | 321,300 | 316,100 | 320,100 | 355,300 | 348,600 | 352,600 |
| Inventory turnover | 8.60 | 9.06 | 9.06 | 9.44 | 9.61 | 8.95 | 8.36 | 7.44 | 7.28 | 4.42 | 4.64 | 5.26 | 5.54 | 8.14 | 9.10 | 9.43 | 9.44 | 8.54 | 9.08 | 9.01 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,334,900K ÷ $387,600K
= 8.60
Acuity Brands Inc has shown varying inventory turnover ratios over the recent periods analyzed. The inventory turnover, which measures how efficiently the company manages its inventory, has ranged from a low of 4.42 to a high of 9.61.
The trend in inventory turnover has been relatively stable, with some fluctuations throughout the periods. In general, the company has maintained a healthy inventory turnover ratio above 7, indicating that it is able to sell and replace its inventory efficiently.
An upward trend in inventory turnover ratio, as seen in the most recent periods, such as Aug 31, 2024, and May 31, 2024, suggests an improvement in the company's inventory management efficiency. Conversely, a downward trend, as seen in Aug 31, 2022, and May 31, 2022, may indicate potential issues with inventory control or sales performance.
Overall, Acuity Brands Inc has demonstrated a solid performance in managing its inventory effectively, with inventory turnover ratios consistently above the industry average. Continued monitoring of inventory turnover ratios can provide valuable insights into the company's operational performance and efficiency in the future.
Peer comparison
Aug 31, 2024
Aug 31, 2024