Carpenter Technology Corporation (CRS)

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	3,953,200	3,947,200	4,005,900	4,013,400	3,953,700	3,384,600	2,821,900	2,352,900	1,924,600	671,200	696,800	1,095,500	1,450,100	1,543,300	2,011,200	2,091,100	2,223,000	2,153,300	2,162,600	2,145,000
Inventory	US$ in thousands	735,400	796,100	797,800	706,700	639,700	710,400	722,700	616,100	496,100	526,500	534,700	491,400	425,700	535,500	565,100	633,900	724,300	869,000	896,600	837,600
Inventory turnover		5.38	4.96	5.02	5.68	6.18	4.76	3.90	3.82	3.88	1.27	1.30	2.23	3.41	2.88	3.56	3.30	3.07	2.48	2.41	2.56

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,953,200K ÷ $735,400K
= 5.38

Carpenter Technology Corporation's inventory turnover ratio has exhibited fluctuating trends over the past few quarters. The inventory turnover ratio measures how efficiently the company manages its inventory by showing how many times during a given period the inventory is sold and replaced.

Based on the data provided, we can see that Carpenter Technology Corporation's inventory turnover ratio has ranged from 1.27 to 6.18 over the past 20 quarters. The highest inventory turnover ratio was recorded in the second quarter of 2023 at 6.18, indicating a more efficient management of inventory during that period. Conversely, the lowest inventory turnover ratio was observed in the first quarter of 2022 at 1.27, suggesting potentially slower inventory turnover during that period.

Overall, Carpenter Technology Corporation's inventory turnover ratio has shown variability, which could be due to factors such as changing demand for its products, inventory management practices, or seasonality effects. It is important for the company to closely monitor and analyze its inventory turnover ratios to optimize its inventory management practices and ensure efficient operations.