Curtiss-Wright Corporation (CW)
Inventory turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,608,617 | 2,554,807 | 2,497,010 | 2,441,143 | 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 |
| Inventory | US$ in thousands | 541,442 | 582,584 | 559,142 | 553,037 | 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 |
| Inventory turnover | 4.82 | 4.39 | 4.47 | 4.41 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,608,617K ÷ $541,442K
= 4.82
Curtiss-Wright Corporation's inventory turnover ratio provides insight into how efficiently the company manages its inventory. The trend in the inventory turnover ratio over the years indicates the number of times Curtiss-Wright sells and replaces its inventory within a specific period.
From March 31, 2020, to December 31, 2024, the inventory turnover ratio fluctuated within the range of 3.33 to 5.22. The ratio peaked at 5.22 on December 31, 2021, which suggests that Curtiss-Wright was able to sell and replace its inventory more rapidly at that point.
On average, the inventory turnover ratio remained relatively stable, with an upward trend from 3.58 on March 31, 2020, to 4.82 on December 31, 2024. This indicates an improvement in inventory management efficiency over the years.
Overall, Curtiss-Wright Corporation's inventory turnover ratio demonstrates a reasonable level of inventory turnover efficiency, with a slight increase observed over the years. The company seems to have been effectively managing its inventory levels and turning them into sales consistently, reflecting a positive trend in the efficiency of its operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024