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