Donaldson Company Inc (DCI)
Inventory turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,404,700 | 2,363,400 | 2,346,900 | 2,354,700 | 2,319,600 | 2,298,400 | 2,283,600 | 2,255,600 | 2,270,300 | 2,289,300 | 2,286,600 | 2,295,400 | 2,239,200 | 2,148,200 | 2,071,000 | 1,972,100 | 1,882,100 | 1,784,200 | 1,697,700 | 1,682,700 |
| Inventory | US$ in thousands | 513,600 | 529,400 | 540,800 | 520,000 | 476,700 | 444,700 | 433,400 | 429,600 | 418,100 | 449,700 | 501,300 | 490,100 | 502,400 | 510,700 | 480,700 | 444,700 | 384,500 | 360,100 | 347,600 | 329,500 |
| Inventory turnover | 4.68 | 4.46 | 4.34 | 4.53 | 4.87 | 5.17 | 5.27 | 5.25 | 5.43 | 5.09 | 4.56 | 4.68 | 4.46 | 4.21 | 4.31 | 4.43 | 4.89 | 4.95 | 4.88 | 5.11 |
July 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,404,700K ÷ $513,600K
= 4.68
The inventory turnover ratios for Donaldson Company Inc. over the analyzed period demonstrate a pattern of fluctuation within a relatively narrow range. Starting from 5.11 as of October 31, 2020, the ratio experienced a slight decline to 4.43 by October 31, 2021, indicating a modest decrease in inventory efficiency during that period. The trend continued with minor variations, reaching a low of 4.21 on April 30, 2022, before increasing again to 4.68 by October 31, 2022.
From late 2022 into early 2023, the inventory turnover ratio improved further, peaking at 5.43 as of July 31, 2023, suggesting enhanced inventory management and more efficient sales cycles. This upward trend persisted into late 2023, with the ratio at 5.25 in October 2023, followed by a slight increase to 5.27 on January 31, 2024. Subsequently, the ratio experienced a minor decline, reaching 4.87 by July 31, 2024, and continuing downward to 4.53 by October 31, 2024.
The data through early 2025 shows a relatively stable inventory turnover in the 4.3 to 4.7 range, with values of 4.34 as of January 31, 2025, and 4.46 as of April 30, 2025. Slight fluctuations persist thereafter, with the ratio ending at 4.68 on July 31, 2025. Overall, the ratios suggest a cyclical pattern of inventory efficiency, with periods of improvement and slight setbacks, maintaining an average turnover roughly between 4.3 and 5.4 throughout the analyzed timeframe.