ESCO Technologies Inc (ESE)
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 | 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 588,145 | 580,377 | 570,276 | 557,456 | 543,535 | 525,457 | 499,394 | 478,550 | 453,728 | 445,045 | 447,441 | 441,517 | 451,206 | 458,311 | 454,616 | 451,966 | 442,271 | 437,998 | 383,839 | 401,608 |
| Inventory | US$ in thousands | 202,577 | 184,067 | 192,493 | 185,753 | 181,743 | 162,403 | 178,168 | 175,152 | 165,021 | 147,148 | 141,113 | 145,342 | 144,054 | 135,296 | 152,264 | 141,027 | 133,977 | 124,956 | 126,816 | 124,493 |
| Inventory turnover | 2.90 | 3.15 | 2.96 | 3.00 | 2.99 | 3.24 | 2.80 | 2.73 | 2.75 | 3.02 | 3.17 | 3.04 | 3.13 | 3.39 | 2.99 | 3.20 | 3.30 | 3.51 | 3.03 | 3.23 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $588,145K ÷ $202,577K
= 2.90
The inventory turnover ratio of Esco Technologies, Inc. has exhibited some fluctuations over the past eight quarters, ranging from a low of 2.74 to a high of 3.24. The Q4 of 2023 recorded the highest turnover ratio at 3.24, indicating that the company was able to sell and replenish its inventory efficiently during that period. Conversely, the lowest turnover ratio of 2.74 was observed in Q2 of 2022, suggesting a relatively slower rate of inventory turnover during that quarter.
Overall, the inventory turnover ratios have generally been within a relatively narrow range, indicating a consistent level of inventory management efficiency by Esco Technologies, Inc. Although there have been some fluctuations, the company has maintained turnover ratios above 2.5 in most quarters, which is generally considered a healthy level for most industries. Monitoring future trends in the inventory turnover ratio will be important to assess the company's ongoing efficiency in managing its inventory levels and operations.
Peer comparison
Dec 31, 2023
Dec 31, 2023