Carpenter Technology Corporation (CRS)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,108,500 | 2,175,400 | 2,213,000 | 1,686,500 | 1,474,600 |
| Inventory | US$ in thousands | 793,800 | 735,400 | 639,700 | 496,100 | 425,700 |
| Inventory turnover | 2.66 | 2.96 | 3.46 | 3.40 | 3.46 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,108,500K ÷ $793,800K
= 2.66
The inventory turnover ratios for Carpenter Technology Corporation over the specified periods indicate a generally stable pattern from June 30, 2021, to June 30, 2023, with ratios of 3.46, 3.40, and 3.46 respectively. This stability suggests that the company has maintained consistent efficiency in managing its inventory levels and converting inventory into sales during this timeframe. However, a notable decline is observed in the subsequent two years, with the ratio decreasing to 2.96 in June 2024 and further to 2.66 in June 2025. This downward trend implies that the company may be experiencing increasing inventory holding periods, possibly due to slower sales, overstocking, or strategic shifts in inventory management. Overall, while the early period reflects effective inventory turnover comparable to industry standards, the decline in recent years warrants further investigation into underlying operational or market factors impacting inventory management efficiency.
Peer comparison
Jun 30, 2025