Carlisle Companies Incorporated (CSL)
Inventory turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,952,700 | 3,039,300 | 3,228,100 | 3,824,900 | 4,454,800 | 4,882,700 | 5,040,400 | 4,651,800 | 4,360,000 | 4,110,500 | 3,934,500 | 3,800,900 | 3,792,100 | 3,654,900 | 3,591,100 | 3,607,300 | 3,439,900 | 3,402,800 | 3,369,500 | 3,352,800 |
| Inventory | US$ in thousands | 361,700 | 394,800 | 599,200 | 781,500 | 518,000 | 804,100 | 780,900 | 728,900 | 605,100 | 548,900 | 462,600 | 528,200 | 432,700 | 514,500 | 547,800 | 560,600 | 510,600 | 508,400 | 505,600 | 514,700 |
| Inventory turnover | 8.16 | 7.70 | 5.39 | 4.89 | 8.60 | 6.07 | 6.45 | 6.38 | 7.21 | 7.49 | 8.51 | 7.20 | 8.76 | 7.10 | 6.56 | 6.43 | 6.74 | 6.69 | 6.66 | 6.51 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,952,700K ÷ $361,700K
= 8.16
Over the past eight quarters, Carlisle Companies Inc.'s inventory turnover ratio has shown fluctuations. The ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced within a given period.
In Q4 2023, the inventory turnover ratio was 8.16, showing a decrease from the previous quarter's 9.20. This suggests that the company took longer to turn over its inventory in Q4 compared to Q3, which may indicate potential inefficiencies in inventory management or slower sales.
The highest inventory turnover ratio was observed in Q3 2023 at 9.20, indicating that the company was able to sell and replenish its inventory more quickly during that period compared to others. This may suggest strong demand for the company's products or effective inventory control measures.
On the other hand, the lowest inventory turnover ratio was seen in Q1 2023 at 5.45, signaling that the company took longer to sell and replace its inventory during that period. This could potentially lead to increased holding costs and excess inventory levels.
Overall, fluctuations in the inventory turnover ratio can provide insights into Carlisle Companies Inc.'s operational efficiency and inventory management practices. Further analysis and comparison with industry benchmarks may help evaluate the company's performance in this area.
Peer comparison
Dec 31, 2023
Dec 31, 2023