Catalent Inc (CTLT)
Inventory turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,796,600 |
| Inventory | US$ in thousands | 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 | 250,700 |
| Inventory turnover | 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 | 7.17 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,428,000K ÷ $574,000K
= 5.97
Catalent Inc's inventory turnover has exhibited fluctuations over the past several quarters. The inventory turnover ratio represents the number of times a company's inventory is sold and replaced within a specific period. A higher inventory turnover ratio indicates that a company is efficiently managing its inventory by quickly selling its products.
From December 2019 to September 2020, Catalent Inc's inventory turnover ranged between 6.62 and 13.14, suggesting strong efficiency in managing inventory levels. However, there was a notable decrease in inventory turnover in the subsequent quarters, with the ratio dipping to as low as 3.91 in December 2022.
The company's inventory turnover saw an upturn in the later quarters of 2023 and into 2024, reaching levels between 4.52 and 5.97. This improvement indicates that Catalent Inc may have effectively adjusted its inventory management practices to drive sales and maintain optimal inventory levels.
Overall, analyzing Catalent Inc's inventory turnover trend provides valuable insights into the company's inventory management efficiency and its ability to balance inventory levels with sales demand. An increase in the inventory turnover ratio generally signifies enhanced operational performance and financial health.
Peer comparison
Jun 30, 2024
Jun 30, 2024