Flex Ltd (FLEX)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 23,654,000 | 24,550,000 | 26,526,000 | 22,853,000 | 22,437,000 |
| Inventory | US$ in thousands | 5,071,000 | 6,205,000 | 7,388,000 | 6,580,000 | 3,895,000 |
| Inventory turnover | 4.66 | 3.96 | 3.59 | 3.47 | 5.76 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $23,654,000K ÷ $5,071,000K
= 4.66
Flex Ltd's inventory turnover has shown a fluctuating trend over the past five years. In March 2021, the inventory turnover was 5.76, indicating that the company sold and replaced its inventory 5.76 times during that period. However, there was a decrease in inventory turnover to 3.47 in March 2022, suggesting a slower rate of inventory turnover.
Subsequently, there was a slight improvement in the inventory turnover to 3.59 in March 2023, followed by a further increase to 3.96 in March 2024. This indicates that the company managed to sell and replenish its inventory more efficiently during these periods.
In the most recent year, March 2025, Flex Ltd's inventory turnover increased to 4.66, showcasing a positive trend in efficiently managing and utilizing its inventory. Overall, while there have been fluctuations in inventory turnover, the increasing trend in recent years suggests a potential improvement in the company's inventory management practices.
Peer comparison
Mar 31, 2025