Curtiss-Wright Corporation (CW)
Inventory turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,391,183 | 2,320,023 | 2,275,498 | 2,211,518 | 2,160,125 | 2,118,689 | 2,103,967 | 2,119,900 | 2,149,143 | 1,594,332 | 1,569,514 | 1,536,759 | 1,550,109 | 1,533,485 | 1,563,496 | 1,608,427 | 1,589,216 | 1,586,767 | 1,570,838 | 1,555,684 |
| Inventory | US$ in thousands | 510,033 | 540,180 | 545,596 | 527,937 | 483,113 | 503,064 | 482,790 | 448,122 | 411,567 | 433,140 | 446,689 | 446,632 | 428,879 | 460,585 | 461,902 | 449,254 | 424,835 | 430,086 | 436,190 | 447,022 |
| Inventory turnover | 4.69 | 4.29 | 4.17 | 4.19 | 4.47 | 4.21 | 4.36 | 4.73 | 5.22 | 3.68 | 3.51 | 3.44 | 3.61 | 3.33 | 3.38 | 3.58 | 3.74 | 3.69 | 3.60 | 3.48 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,391,183K ÷ $510,033K
= 4.69
Curtiss-Wright Corp.'s inventory turnover has shown some variability over the past eight quarters, ranging from a low of 3.07 in Q3 2022 to a high of 3.49 in Q4 2023. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring the number of times it sells and replaces its inventory within a given period.
A higher inventory turnover ratio generally signifies that the company is selling goods quickly and efficiently, which can lead to reduced storage costs and potentially higher profits. Conversely, a lower inventory turnover ratio may indicate that the company is struggling to sell its inventory or is carrying excess stock, which could tie up capital and increase storage costs.
Curtiss-Wright Corp.'s inventory turnover ratios mostly fall within a relatively narrow range between 3.07 and 3.49, indicating a consistent level of inventory management efficiency over the past two years. It's important for the company to monitor its inventory turnover ratio over time to ensure that it is effectively managing its inventory levels to maximize profitability and operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023