Flowserve Corporation (FLS)
Inventory turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,103,554 | 3,120,955 | 3,128,772 | 3,103,113 | 3,043,750 | 2,961,833 | 2,818,113 | 2,692,890 | 2,620,826 | 2,529,470 | 2,508,792 | 2,496,339 | 2,491,336 | 2,528,887 | 2,555,353 | 2,593,218 | 2,615,290 | 2,643,975 | 2,667,738 | 2,681,984 |
| Inventory | US$ in thousands | 837,254 | 862,477 | 851,305 | 883,341 | 879,937 | 916,107 | 914,288 | 882,252 | 803,198 | 779,449 | 748,920 | 722,380 | 678,287 | 698,046 | 690,145 | 672,123 | 667,228 | 714,489 | 684,431 | 684,113 |
| Inventory turnover | 3.71 | 3.62 | 3.68 | 3.51 | 3.46 | 3.23 | 3.08 | 3.05 | 3.26 | 3.25 | 3.35 | 3.46 | 3.67 | 3.62 | 3.70 | 3.86 | 3.92 | 3.70 | 3.90 | 3.92 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,103,554K ÷ $837,254K
= 3.71
Flowserve Corporation's inventory turnover ratio has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
From a high of 3.92 on both March 31, 2020, and December 31, 2020, the ratio decreased slightly to 3.62 by September 30, 2021, before experiencing some volatility. It reached a low of 3.05 on March 31, 2023, before starting to recover.
The ratio improved slightly to 3.71 by December 31, 2024, suggesting that Flowserve Corporation's inventory turnover has been relatively stable over the period, with some minor fluctuations indicating changes in sales and inventory management practices. Further analysis of the company's sales strategies and inventory control systems could provide insights into the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024
Dec 31, 2024