Catalent Inc (CTLT)
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 | 3,457,000 | 3,428,000 | 3,351,000 | 3,363,000 | 3,272,000 | 3,223,000 | 3,208,000 | 3,201,000 | 3,251,000 | 3,188,000 | 3,112,000 | 2,949,000 | 2,750,000 | 2,646,000 | 4,656,400 | 4,491,200 | 4,367,400 | 4,257,400 | 1,967,200 | 1,864,200 |
| Inventory | US$ in thousands | 553,000 | 574,000 | 742,000 | 775,000 | 796,000 | 777,000 | 744,000 | 818,000 | 732,000 | 702,000 | 676,000 | 688,000 | 622,000 | 563,000 | 527,900 | 461,300 | 384,300 | 324,000 | 297,200 | 249,600 |
| Inventory turnover | 6.25 | 5.97 | 4.52 | 4.34 | 4.11 | 4.15 | 4.31 | 3.91 | 4.44 | 4.54 | 4.60 | 4.29 | 4.42 | 4.70 | 8.82 | 9.74 | 11.36 | 13.14 | 6.62 | 7.47 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,457,000K ÷ $553,000K
= 6.25
The inventory turnover ratio for Catalent Inc has exhibited fluctuations over the periods indicated. Inventory turnover measures the efficiency of a company in managing its inventory by showing how many times a company's inventory is sold and replaced over a specific period.
From Dec 2019 to Sep 2020, the inventory turnover for Catalent Inc ranged between 6.62 and 13.14, indicating a rapid turnover of inventory during this period. This could suggest effective inventory management, quick sales, and minimal stock holding.
However, from Dec 2020 to Mar 2022, the inventory turnover ratio decreased, ranging from 3.91 to 4.70. This decline may indicate a slower rate of inventory turnover, potentially leading to increased carrying costs, obsolescence risk, or overstocking issues.
Subsequently, from Jun 2022 to Mar 2024, the inventory turnover ratio for Catalent Inc improved slightly, ranging between 4.11 and 6.25. Although the ratio increased during these periods, it still remained lower than the earlier peak levels.
Overall, while the inventory turnover ratios have shown variability, it is essential for Catalent Inc to closely monitor and manage its inventory levels efficiently to strike a balance between stock availability for operations and the cost of holding excess inventory.
Peer comparison
Sep 30, 2024
Sep 30, 2024