CACI International Inc (CACI)

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	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
Cost of revenue (ttm)	US$ in thousands	7,010,120	6,723,880	6,556,970	6,374,890	6,135,050	6,103,170	5,972,550	5,815,670	5,706,580	6,801,540	6,343,160	5,928,621	5,504,685	5,412,275	5,365,665	5,323,401	5,262,348	4,030,158	4,246,578	4,421,091
Inventory	US$ in thousands	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	65,167	63,010	57,856	—
Inventory turnover		59.19	50.68	47.32	45.25	46.98	49.07	52.50	52.77	57.43	69.63	65.77	68.47	69.07	68.88	68.86	69.15	80.75	63.96	73.40	—

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,010,120K ÷ $118,439K
= 59.19

The inventory turnover ratio for CACI International Inc has shown a fluctuating trend over the past several quarters. The ratio indicates how many times the company's inventory is sold and replaced within a given period. A higher inventory turnover ratio typically signifies efficient inventory management and more effective sales operations.

In the most recent quarter, as of June 30, 2024, the inventory turnover stood at 59.19, reflecting a robust rate of inventory turnover. This indicates that the company is managing its inventory effectively and selling goods at a rapid pace relative to the amount of inventory held.

Looking at the historical data, there is a general upward trend in inventory turnover from the end of 2019 to mid-2022, peaking at over 80. However, since then, there has been some volatility in the ratio, with fluctuations in the mid to high 40s and 50s.

The company's inventory turnover ratio, while currently strong, has experienced some variability in recent quarters. Analysts may want to further investigate the reasons behind these fluctuations to assess the company's inventory management practices and sales effectiveness thoroughly.