CSW Industrials, Inc. (CSW)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 484,989 | 442,095 | 439,690 | 370,473 | 234,405 |
| Inventory | US$ in thousands | 194,876 | 150,749 | 161,569 | 150,114 | 98,086 |
| Inventory turnover | 2.49 | 2.93 | 2.72 | 2.47 | 2.39 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $484,989K ÷ $194,876K
= 2.49
The inventory turnover ratio of CSW Industrials, Inc. has demonstrated a generally upward trend over the period from March 31, 2021, to March 31, 2024, indicating a pattern of increasing efficiency in managing and selling inventory. Specifically, the ratio increased from 2.39 in 2021 to 2.47 in 2022, reflecting a modest improvement in inventory management. This upward movement continued into 2023, reaching 2.72, signifying further enhancement in inventory turnover and probable acceleration in inventory sales relative to holdings. The ratio persisted its upward trajectory into 2024, reaching 2.93, which suggests a continued, though slightly less pronounced, improvement in inventory efficiency. However, in the subsequent period ending in 2025, the ratio declined back to 2.49, indicating a potential slight slowdown in inventory turnover or an accumulation of inventory relative to sales during that year.
Overall, the trend from 2021 through 2024 indicates progressive improvements in inventory management, potentially reflecting better sales performance or more effective inventory control strategies. The decrease in 2025 warrants further investigation to understand if external market factors, operational challenges, or changes in inventory practices contributed to the observed decline.
Peer comparison
Mar 31, 2025