Ethan Allen Interiors Inc (ETD)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 242,528 | 253,159 | 311,012 | 333,056 | 292,062 |
| Inventory | US$ in thousands | 140,893 | 142,040 | 149,195 | 176,504 | 143,978 |
| Inventory turnover | 1.72 | 1.78 | 2.08 | 1.89 | 2.03 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $242,528K ÷ $140,893K
= 1.72
The inventory turnover ratio of Ethan Allen Interiors Inc. demonstrates fluctuations over the observed periods from June 30, 2021, to June 30, 2025. At the end of fiscal year 2021, the ratio was 2.03, indicating that inventory was sold and replaced approximately 2.03 times during that year. This ratio decreased slightly to 1.89 in 2022, signaling a modest slowdown in inventory turnover. However, there was an improvement in the subsequent year, with the ratio rising to 2.08 in 2023, reflecting a marginally more efficient inventory management compared to the previous year.
Post-2023, the trend reverses, with the ratio declining to 1.78 in 2024 and further decreasing to 1.72 in 2025. These declines suggest a reduction in how frequently inventory is turned over, which could imply slower sales, increased inventory levels, or a strategic buildup of stock. Overall, the pattern exhibits a slight cyclical variation, with the most efficient inventory usage observed in 2023. The decline in inventory turnover in the more recent years may warrant further analysis to determine whether this trend reflects changing demand, inventory management practices, or other operational factors.
Peer comparison
Jun 30, 2025