Crane Company (CR)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,797,900 | |||
| Inventory | US$ in thousands | 353,100 | 350,900 | 360,800 | 334,100 |
| Inventory turnover | 5.09 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,797,900K ÷ $353,100K
= 5.09
The inventory turnover ratio for Crane Company as of December 31, 2023, is 5.09. This ratio indicates that the company's inventory is being turned over approximately 5.09 times during the year. A higher inventory turnover ratio is generally seen as a positive sign, as it suggests that the company is efficiently managing its inventory levels and selling its products quickly.
Crane Company's inventory turnover ratio of 5.09 is relatively high, which could suggest strong sales and effective inventory management. However, it's essential to compare this ratio with industry benchmarks or historical data to get a complete picture of the company's performance. Additionally, it's important to note that a very high inventory turnover ratio may also indicate inventory shortages or difficulties in meeting customer demand.
Peer comparison
Dec 31, 2023
Dec 31, 2023