Acuity Brands Inc (AYI)
Inventory turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 3,240,600 | 3,074,400 |
| Inventory | US$ in thousands | 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 | 340,800 | 390,600 |
| Inventory turnover | 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 | 9.51 | 7.87 |
February 29, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,405,000K ÷ $375,800K
= 9.06
Acuity Brands Inc's inventory turnover ratio has shown some fluctuations over the past few periods. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the company sells and replaces its inventory during a specific period.
From May 2019 to May 2020, there was a general upward trend in the inventory turnover ratio, indicating that Acuity Brands Inc was managing its inventory more efficiently during this period.
However, from May 2020 onwards, there was a noticeable decline in the inventory turnover ratio, hitting a low of 4.42 in August 2022. This significant decrease may suggest that Acuity Brands Inc was facing challenges in efficiently managing its inventory during this period.
Subsequently, there was an upward trend in the inventory turnover ratio from August 2022 to May 2023, showing signs of improvement in inventory management. The ratio peaked at 9.61 in August 2023, indicating that Acuity Brands Inc was once again effectively managing its inventory.
Overall, it is essential for Acuity Brands Inc to monitor and analyze its inventory turnover ratio consistently to ensure optimal management of its inventory levels, which can impact the company's profitability and cash flow.
Peer comparison
Feb 29, 2024
Feb 29, 2024