CSW Industrials Inc (CSWI)
Inventory turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 686,912 | 671,395 | 658,324 | 646,024 | 646,719 | 640,634 | 641,089 | 580,414 | 555,971 | 529,489 | 507,115 | 484,588 | 443,166 | 392,833 | 327,228 | 326,604 | 313,616 | 319,077 | 326,427 | 325,428 |
| Inventory | US$ in thousands | 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 | 102,651 | 101,560 | 52,090 | 59,441 | 58,567 | 57,269 |
| Inventory turnover | 3.74 | 4.28 | 4.37 | 4.27 | 4.28 | 4.08 | 3.97 | 3.26 | 3.23 | 3.28 | 3.38 | 3.80 | 4.00 | 3.74 | 3.19 | 3.22 | 6.02 | 5.37 | 5.57 | 5.68 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $686,912K ÷ $183,731K
= 3.74
The analysis of CSW Industrials Inc's inventory turnover reveals fluctuations over the past few quarters. The inventory turnover ratio represents how many times a company's inventory is sold and replaced in a given period, providing insight into the efficiency of inventory management.
The trend in CSW Industrials Inc's inventory turnover shows some variability, with figures ranging from a low of 3.19 in March 2021 to a high of 6.02 in December 2020. Generally, a higher inventory turnover ratio signifies that the company is selling and replenishing its inventory more frequently, which could indicate efficient inventory management and potentially lower carrying costs.
However, the company experienced a decline in inventory turnover from December 2021 to March 2022, signaling a potential buildup of inventory or slower sales. It is noteworthy that the inventory turnover improved in the following quarters up until June 2024, reaching a peak of 4.37. This increase may suggest better sales performance or more effective inventory management practices.
Overall, while the inventory turnover ratio for CSW Industrials Inc has shown fluctuations over the analyzed periods, it is essential for the company to monitor and manage its inventory levels effectively to support operations and optimize financial performance.
Peer comparison
Sep 30, 2024
Sep 30, 2024