Extreme Networks Inc (EXTR)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 430,940 | 486,372 | 557,734 | 482,383 | 424,295 |
| Inventory | US$ in thousands | 102,578 | 141,032 | 89,024 | 49,231 | 32,885 |
| Inventory turnover | 4.20 | 3.45 | 6.26 | 9.80 | 12.90 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $430,940K ÷ $102,578K
= 4.20
The inventory turnover ratio for Extreme Networks Inc. has exhibited a consistent downward trend over the specified period from June 30, 2021, to June 30, 2025. Specifically, the ratio declined from 12.90 times in 2021 to 9.80 times in 2022, indicating a reduction in the number of times inventory is sold and replaced within the year. This downward trajectory continued into 2023 with a significant decrease to 6.26 times, suggesting further slowing in inventory movement. The decline persisted into 2024, reaching a low of 3.45 times, which may reflect increasing inventory levels relative to sales or reduced sales velocity. In 2025, there was a modest recovery, with the ratio slightly increasing to 4.20 times, possibly indicating some improvement in inventory management or sales efficiency. Overall, the steady decline in inventory turnover ratios suggests a trend of increasing inventory holding periods, which could imply challenges in inventory management, seasonal factors, changes in sales dynamics, or shifts in product demand.
Peer comparison
Jun 30, 2025