ESAB Corp (ESAB)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,759,015 | 1,764,130 | 1,743,775 | 1,720,981 | 1,707,950 | |||
| Inventory | US$ in thousands | 392,858 | 425,691 | 447,321 | 448,342 | 416,829 | 446,531 | 473,799 | 462,535 |
| Inventory turnover | 4.48 | 4.14 | 3.90 | 3.84 | 4.10 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,759,015K ÷ $392,858K
= 4.48
ESAB Corp's inventory turnover has shown a consistent trend over the past five quarters. The inventory turnover ratio has ranged from 3.84 to 4.48 during this period. The highest turnover ratio was observed in Q4 2023, indicating that ESAB Corp was able to sell and replace its inventory 4.48 times during the quarter. This suggests efficient management of inventory levels. Overall, the trend in inventory turnover ratios reflects that ESAB Corp has been effectively managing its inventory to support sales operations.
Peer comparison
Dec 31, 2023
Dec 31, 2023