Ethan Allen Interiors Inc (ETD)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 242,528 | 244,486 | 245,864 | 250,081 | 253,364 | 259,300 | 277,348 | 289,849 | 311,012 | 334,718 | 338,152 | 344,835 | 333,056 | 310,885 | 308,239 | 299,909 | 292,062 | 262,035 | 252,307 | 251,866 |
| Inventory | US$ in thousands | 140,893 | 150,384 | 142,014 | 143,204 | 142,040 | 144,474 | 140,939 | 149,623 | 149,195 | 151,655 | 159,874 | 167,656 | 176,504 | 182,689 | 164,550 | 158,735 | 143,978 | 135,686 | 126,748 | 127,047 |
| Inventory turnover | 1.72 | 1.63 | 1.73 | 1.75 | 1.78 | 1.79 | 1.97 | 1.94 | 2.08 | 2.21 | 2.12 | 2.06 | 1.89 | 1.70 | 1.87 | 1.89 | 2.03 | 1.93 | 1.99 | 1.98 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $242,528K ÷ $140,893K
= 1.72
The inventory turnover ratio for Ethan Allen Interiors Inc over the period from September 2020 to June 2025 exhibits variability, with some general trends and notable fluctuations. During the initial timeframe ending in September 2020, the ratio stood at approximately 1.98, indicating that inventory was sold and replenished roughly twice a year. This ratio remained relatively stable with slight increases and decreases, peaking around June 2021 at 2.03 and September 2022 at 2.06, suggesting periods of improved inventory management and more efficient sales cycles.
From the latter half of 2021 onwards, a downward trend becomes apparent, with the ratio declining to approximately 1.70 by March 2022. This decrease signals a slowdown in inventory turnover, potentially reflecting increased inventory levels relative to sales or decreased sales velocity. The ratio then shows intermittent recovery, reaching a peak of 2.21 in March 2023, before again diminishing to around 1.75 to 1.78 by December 2024.
Overall, the pattern indicates periods of both slight improvement and deterioration in inventory management efficiency. The lower ratios in the later years suggest that inventory is turning over less frequently compared to earlier periods, which could imply a buildup of inventory, slower sales, or strategic shifts in inventory holding. These fluctuations highlight the importance of continued monitoring to assess operational efficiency and inventory management effectiveness within the company.
Peer comparison
Jun 30, 2025
Jun 30, 2025