Cardinal Health Inc (CAH)
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 | 214,410,000 | 214,511,000 | 214,784,000 | 217,060,000 | 219,680,000 | 213,248,000 | 208,922,000 | 203,129,000 | 198,123,000 | 191,995,000 | 186,447,000 | 180,482,000 | 174,819,000 | 170,432,000 | 164,741,000 | 160,665,000 | 155,689,000 | 149,677,000 | 149,486,000 | 147,742,000 |
| Inventory | US$ in thousands | 16,831,000 | 16,158,000 | 16,904,000 | 15,619,000 | 14,957,000 | 17,277,000 | 18,451,000 | 16,987,000 | 16,119,000 | 16,620,000 | 17,263,000 | 15,891,000 | 15,636,000 | 15,493,000 | 14,941,000 | 14,720,000 | 14,594,000 | 14,329,000 | 14,443,000 | 13,439,000 |
| Inventory turnover | 12.74 | 13.28 | 12.71 | 13.90 | 14.69 | 12.34 | 11.32 | 11.96 | 12.29 | 11.55 | 10.80 | 11.36 | 11.18 | 11.00 | 11.03 | 10.91 | 10.67 | 10.45 | 10.35 | 10.99 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $214,410,000K ÷ $16,831,000K
= 12.74
The inventory turnover ratio for Cardinal Health Inc. has demonstrated a generally positive trend over the analyzed period, indicating a consistent efficiency in managing and selling inventory. Starting from a ratio of approximately 10.99 times as of September 30, 2020, there was a slight decrease to 10.35 times by December 31, 2020, and levels remained relatively stable through March and June of 2021, fluctuating between approximately 10.45 and 10.91 times.
In the subsequent period, the ratio showed gradual growth, reaching 11.03 times at the end of 2021 and maintaining a slight upward trajectory through 2022, culminating at 11.55 times by March 2023. The trend strengthened further into mid-2023, with a notable increase to 12.29 times as of June 30, 2023, and a slight decline to 11.96 times by September 30, 2023.
The ratios continued to reflect positive momentum, with a peak of 14.69 times in June 2024, before experiencing a moderate decline to 12.71 times by the end of 2024. The most recent data points indicate a ratio of approximately 13.28 times in March 2025, followed by a slight decrease to 12.74 times by June 2025.
Overall, the trend in inventory turnover suggests improved inventory management efficiency over time, particularly evident from mid-2023 onward. The significant peak in mid-2024 indicates periods of increased sales relative to inventory levels, though the overall fluctuations suggest some variability in inventory utilization. This steady increase in turnover ratios typically reflects effective inventory control, shorter holding periods, and potentially improved demand forecasting and supply chain practices.
Peer comparison
Jun 30, 2025
Jun 30, 2025