CSW Industrials, Inc. (CSW)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 514,437 | 484,989 | 473,546 | 460,989 | 449,658 | 442,095 | 435,214 | 439,523 | 437,374 | 439,690 | 430,306 | 411,255 | 393,244 | 372,403 | 350,842 | 315,192 | 278,862 | 234,406 | 208,788 | 204,219 |
| Inventory | US$ in thousands | 217,671 | 194,876 | 202,764 | 183,731 | 156,791 | 150,749 | 151,386 | 151,203 | 157,042 | 161,569 | 177,909 | 171,879 | 161,463 | 150,114 | 127,442 | 110,761 | 105,005 | 98,086 | 101,560 | 52,090 |
| Inventory turnover | 2.36 | 2.49 | 2.34 | 2.51 | 2.87 | 2.93 | 2.87 | 2.91 | 2.79 | 2.72 | 2.42 | 2.39 | 2.44 | 2.48 | 2.75 | 2.85 | 2.66 | 2.39 | 2.06 | 3.92 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $514,437K ÷ $217,671K
= 2.36
The inventory turnover ratio for CSW Industrials, Inc. demonstrates variability over the observed period from September 30, 2020, through June 30, 2025. Initially, the ratio was relatively high at 3.92 in September 2020, indicating efficient inventory management and rapid inventory sales during that period. Subsequently, a decline is observed, reaching a low of 2.06 by December 31, 2020, which suggests a slowdown in inventory turnover, potentially reflecting increased inventory accumulation or decreased sales efficiency.
From early 2021, the ratio begins to recover gradually, with values such as 2.39 in March 2021, 2.66 in June 2021, and 2.85 in September 2021. This upward trend indicates an improvement in inventory movement, possibly due to enhanced sales or more effective inventory management strategies. Throughout 2022, the ratio stabilizes in a narrow range, hovering around 2.39 to 2.75, illustrating relatively steady inventory turnover levels.
In 2023, a positive trend resumes, with the ratio climbing to 2.72 in March, 2.79 in June, and reaching 2.91 by September, reflecting further improvements. The ratio remains relatively high at 2.87 at the end of 2023 and continues to sustain this level into early 2024. However, a decline is observed in the latter part of 2024, with the ratio decreasing to 2.51 in September and further to 2.34 by December 2024, indicating a slowdown in inventory turnover.
In the first half of 2025, the ratio shows slight fluctuations, with a modest increase to 2.49 in March and then decreasing to 2.36 in June. Overall, CSW Industrials, Inc.’s inventory turnover ratio exhibits periods of both contraction and expansion, with an overall trend that suggests recent challenges in maintaining high inventory efficiency. The fluctuations may be influenced by seasonal factors, market conditions, or strategic changes affecting inventory management and sales performance.
Peer comparison
Jun 30, 2025
Jun 30, 2025