CACI International Inc (CACI)

Inventory turnover

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Cost of revenue (ttm) US$ in thousands 7,863,640 7,130,400 6,485,810 6,267,930 6,103,680 6,293,750 6,556,970 6,374,890 6,135,050 6,103,170 5,972,550 5,815,670 5,706,580 5,636,110 5,177,730 4,763,191 4,724,401 5,413,061 5,366,451 5,324,187
Inventory US$ in thousands 129,129 135,609 — 127,314 118,439 132,685 138,553 140,880 130,591 124,381 113,769 110,202 99,362 97,681 96,439 86,588 79,696 78,570 77,918 76,987
Inventory turnover 60.90 52.58 — 49.23 51.53 47.43 47.32 45.25 46.98 49.07 52.50 52.77 57.43 57.70 53.69 55.01 59.28 68.89 68.87 69.16

June 30, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,863,640K ÷ $129,129K
= 60.90

The inventory turnover ratio for CACI International Inc exhibits notable fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ratio was relatively high at approximately 69.16 in September 2020, indicating a swift turnover of inventory relative to sales. This high level persisted through December 2020 and March 2021, with ratios close to 68.87 and 68.89 respectively.

However, starting in June 2021, there is a discernible decline in the ratio, reaching a low of approximately 45.25 by September 2023. This downward trend suggests a gradual reduction in the efficiency with which inventory is converted into sales, potentially reflecting increased inventory levels, slower sales, or strategic shifts in inventory management during this period.

Between September 2023 and June 2025, the ratio shows some recovery and variability, rising from 49.23 in September 2023 to 52.58 in March 2025, and then significantly increasing to 60.90 by June 2025. The trend indicates a potential improvement in inventory turnover efficiency in the latter part of this period, possibly due to operational adjustments, changes in sales strategies, or inventory management practices.

Overall, the company's inventory turnover ratio experienced a decline after early 2021, reaching its nadir around September 2023, followed by a period of recovery extending into mid-2025. This pattern reflects fluctuations in operational efficiency, inventory management strategies, and sales performance over the analyzed timeframe.