Barnes Group Inc (B)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,425,611 | 1,318,515 | 1,245,112 | 1,282,300 | 1,240,493 | 1,261,266 | 1,246,161 | 1,167,009 | 1,154,372 | 1,131,330 | 1,087,796 | 1,048,792 | 1,060,901 | 1,134,222 | 1,201,408 | 1,272,509 | 1,317,194 | 1,328,325 | 1,334,057 | 1,330,781 |
| Inventory | US$ in thousands | 365,221 | 370,669 | 294,872 | 292,671 | 283,402 | 268,854 | 260,633 | 255,117 | 239,655 | 238,842 | 235,537 | 233,465 | 238,008 | 245,968 | 262,620 | 240,951 | 232,706 | 254,478 | 259,685 | 257,249 |
| Inventory turnover | 3.90 | 3.56 | 4.22 | 4.38 | 4.38 | 4.69 | 4.78 | 4.57 | 4.82 | 4.74 | 4.62 | 4.49 | 4.46 | 4.61 | 4.57 | 5.28 | 5.66 | 5.22 | 5.14 | 5.17 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,425,611K ÷ $365,221K
= 3.90
Based on the data provided for Barnes Group Inc.'s inventory turnover ratio over the past eight quarters, we observe fluctuations in the company's efficiency in managing its inventory. The inventory turnover ratio measures how many times a company sells and replaces its inventory within a specific period.
In Q1 2022, the inventory turnover ratio was at its highest at 3.20, indicating that Barnes Group Inc. sold and replaced its inventory approximately 3.20 times during that quarter. However, the ratio slightly decreased in subsequent quarters, reaching a low of 2.47 in Q3 2023.
Overall, Barnes Group Inc.'s inventory turnover ratio has been relatively stable, ranging from 2.47 to 3.20 over the past eight quarters. A higher turnover ratio signifies a more efficient management of inventory, indicating that the company is effectively selling its products and restocking its inventory within a shorter period.
In summary, while there have been fluctuations in the inventory turnover ratio, Barnes Group Inc. has maintained a reasonable level of efficiency in managing its inventory, which is crucial for optimizing working capital and ensuring smooth operations.
Peer comparison
Dec 31, 2023
Dec 31, 2023