AZZ Incorporated (AZZ)
Inventory turnover
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,195,060 | 1,174,130 | 1,027,710 | 677,441 | 650,170 |
| Inventory | US$ in thousands | 112,313 | 117,656 | 143,920 | 126,100 | 92,912 |
| Inventory turnover | 10.64 | 9.98 | 7.14 | 5.37 | 7.00 |
February 28, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,195,060K ÷ $112,313K
= 10.64
The inventory turnover of AZZ Incorporated has shown fluctuations over the past five years. The company's inventory turnover ratio was 7.00 times on February 28, 2021, indicating that the company sold and replaced its inventory approximately 7 times during that year.
Subsequently, the inventory turnover ratio decreased to 5.37 times on February 28, 2022, suggesting a relatively slower rate of inventory turnover. However, the ratio improved in the following years, reaching 7.14 times on February 28, 2023, indicating a better utilization of inventory.
The most notable improvement in inventory turnover was observed on February 29, 2024, with a ratio of 9.98 times, showcasing a significant acceleration in inventory turnover efficiency. This trend continued in the latest period, with a remarkable inventory turnover ratio of 10.64 times on February 28, 2025, reflecting a further enhancement in managing and selling inventory effectively.
Overall, the trend in inventory turnover for AZZ Incorporated demonstrates a positive trajectory, indicating an improvement in inventory management efficiency and potential cost savings related to inventory holding.
Peer comparison
Feb 28, 2025