Aspen Technology Inc (AZPN)

Inventory turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022
Cost of revenue (ttm)	US$ in thousands	382,576	381,497	382,354	380,519	373,589	434,423	384,425
Inventory	US$ in thousands	—	0	3,021	15,319	11,424	11,424	7,603	0	-12,377	—
Inventory turnover		—	—	126.57	24.84	32.70	38.03	50.56

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $382,576K ÷ $—K
= —

From the data provided, we can see that Aspen Technology Inc's inventory turnover has been fluctuating over the past few quarters. The inventory turnover ratio measures the efficiency with which the company manages its inventory levels by showing how many times the inventory is sold and replaced during a certain period.

In the most recent quarter (Jun 30, 2023), the inventory turnover ratio was 50.56, showing that Aspen Technology Inc was able to turn over its inventory approximately 50.56 times during that quarter. This reflects a relatively efficient management of inventory during that period.

However, in the preceding quarters, the inventory turnover ratios were lower, indicating that the company took longer to sell and replace its inventory. For example, in Dec 31, 2023, the inventory turnover ratio was 126.57, which was significantly higher compared to earlier quarters. This may suggest improved efficiency in managing inventory levels during that particular period.

Overall, the fluctuating inventory turnover ratios suggest that Aspen Technology Inc's inventory management practices have been variable, with potential improvements needed in certain quarters to optimize inventory turnover and enhance operational efficiency.