Embecta Corp (EMBC)
Inventory turnover
Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | ||
---|---|---|---|---|
Cost of revenue | US$ in thousands | 764,000 | 723,900 | 709,000 |
Inventory | US$ in thousands | 171,500 | 152,100 | 122,800 |
Inventory turnover | 4.45 | 4.76 | 5.77 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $764,000K ÷ $171,500K
= 4.45
Embecta Corp's inventory turnover ratio has decreased over the past three years, from 5.77 in 2022 to 4.45 in 2024. This indicates that the company is selling its inventory at a slower rate compared to previous years. A lower inventory turnover ratio could suggest that the company is carrying excess inventory or facing challenges in effectively managing their inventory levels. It is important for Embecta Corp to closely monitor and optimize their inventory turnover to ensure efficiency in their operations and improve their overall financial performance.
Peer comparison
Sep 30, 2024
Company name
Symbol
Inventory turnover
Embecta Corp
EMBC
4.45
3M Company
MMM
3.83
Artivion Inc
AORT
4.26
Baxter International Inc
BAX
5.69
Becton Dickinson and Company
BDX
4.63
Boston Scientific Corp
BSX
4.24
DexCom Inc
DXCM
4.53
Glaukos Corp
GKOS
7.79
Globus Medical
GMED
0.65
Haemonetics Corporation
HAE
3.71
ICU Medical Inc
ICUI
2.14