Emerson Electric Company (EMR)
Inventory turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 15,901,000 | 14,918,000 | 14,578,000 | 13,908,000 | 12,829,000 | 13,612,000 | 14,620,000 | 15,534,000 | 16,412,000 | 16,135,000 | 15,899,000 | 15,641,000 | 15,472,000 | 15,017,000 | 14,519,000 | 14,305,000 | 14,415,000 | 14,722,000 | 15,233,000 | 15,607,000 |
| Inventory | US$ in thousands | 2,180,000 | 2,303,000 | 2,357,000 | 2,432,000 | 2,006,000 | 2,085,000 | 2,034,000 | 1,999,000 | 1,742,000 | 2,319,000 | 2,399,000 | 2,335,000 | 2,050,000 | 2,114,000 | 2,016,000 | 2,013,000 | 1,928,000 | 2,102,000 | 2,058,000 | 2,064,000 |
| Inventory turnover | 7.29 | 6.48 | 6.18 | 5.72 | 6.40 | 6.53 | 7.19 | 7.77 | 9.42 | 6.96 | 6.63 | 6.70 | 7.55 | 7.10 | 7.20 | 7.11 | 7.48 | 7.00 | 7.40 | 7.56 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $15,901,000K ÷ $2,180,000K
= 7.29
Emerson Electric Company's inventory turnover has shown a fluctuating trend over the past few quarters. The inventory turnover ratio measures how efficiently a company is managing its inventory by revealing how many times the inventory is sold and replaced over a specific period.
The inventory turnover ratios for Emerson Electric Company were 7.29, 6.48, 6.18, and 5.72 for the quarters ending in September 2024, June 2024, March 2024, and December 2023, respectively. The company experienced a decreasing trend in inventory turnover from December 2023 to June 2024, indicating that it took longer to sell and replace inventory during that period.
However, the inventory turnover ratio increased to 7.29 in September 2024, suggesting that the company was able to sell and replace its inventory more efficiently in the most recent quarter. Overall, the company's inventory turnover ratios have varied but generally remained within a reasonable range, indicating that Emerson Electric Company effectively manages its inventory levels.
Peer comparison
Sep 30, 2024
Sep 30, 2024
See also:
Emerson Electric Company Inventory Turnover (Quarterly Data)