AZZ Incorporated (AZZ)
Inventory turnover
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,174,130 | 1,027,710 | 379,445 | 357,675 | 824,589 |
| Inventory | US$ in thousands | 117,656 | 143,920 | 126,100 | 92,912 | 99,841 |
| Inventory turnover | 9.98 | 7.14 | 3.01 | 3.85 | 8.26 |
February 29, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,174,130K ÷ $117,656K
= 9.98
Inventory turnover for AZZ Incorporated has shown fluctuations over the past five years. The company's inventory turnover ratio increased from 3.85 in 2021 to 9.98 in 2024, indicating that during the most recent period, the company sold its inventory approximately 9.98 times. This suggests a more efficient management of inventory compared to previous years. However, in 2022, the inventory turnover ratio dropped to 3.01, signaling a potential inefficiency in managing inventory during that year. Overall, the trend in inventory turnover for AZZ Incorporated has been variable, with a significant improvement in the most recent year compared to prior periods.
Peer comparison
Feb 29, 2024