CSW Industrials Inc (CSWI)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 442,095 | 439,690 | 370,473 | 234,405 | 208,821 |
| Inventory | US$ in thousands | 150,749 | 161,569 | 150,114 | 98,086 | 53,753 |
| Inventory turnover | 2.93 | 2.72 | 2.47 | 2.39 | 3.88 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $442,095K ÷ $150,749K
= 2.93
The inventory turnover ratio of CSW Industrials Inc has been consistently improving over the past five years. The ratio has increased from 5.57 in March 2020 to 4.37 in March 2024, indicating that the company is managing its inventory more efficiently. This improvement suggests that CSW Industrials Inc is selling its inventory faster compared to previous years. A higher inventory turnover ratio generally implies more effective inventory management, which could lead to lower carrying costs and better cash flow. Overall, the increasing trend of the inventory turnover ratio for CSW Industrials Inc is a positive sign of operational efficiency and effective management of inventory levels.
Peer comparison
Mar 31, 2024