Fox Factory Holding Corp (FOXF)
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 | 987,119 | 976,492 | 948,740 | 974,364 | 999,366 | 1,036,901 | 1,084,912 | 1,079,984 | 1,071,148 | 1,028,406 | 987,922 | 941,237 | 866,732 | 810,624 | 750,433 | 656,473 | 601,007 | 548,328 | 518,602 | 525,388 |
| Inventory | US$ in thousands | 404,736 | 401,363 | 380,408 | 353,980 | 371,841 | 341,209 | 355,218 | 379,892 | 350,620 | 354,223 | 349,050 | 314,971 | 279,837 | 246,185 | 208,550 | 166,546 | 127,091 | 135,687 | 148,464 | 156,553 |
| Inventory turnover | 2.44 | 2.43 | 2.49 | 2.75 | 2.69 | 3.04 | 3.05 | 2.84 | 3.06 | 2.90 | 2.83 | 2.99 | 3.10 | 3.29 | 3.60 | 3.94 | 4.73 | 4.04 | 3.49 | 3.36 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $987,119K ÷ $404,736K
= 2.44
Fox Factory Holding Corp's inventory turnover has fluctuated over the past few years, ranging from a low of 2.43 times in September 2024 to a high of 4.73 times in December 2020. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.
A higher inventory turnover ratio generally indicates more efficient inventory management and faster sales of inventory. In Fox Factory Holding Corp's case, the trend has shown some variability, possibly influenced by factors such as changing demand, production efficiency, or supply chain disruptions.
While the company experienced peaks in inventory turnover in December 2020 and September 2020, indicating efficient inventory management during those periods, the ratio decreased in subsequent quarters, suggesting a slowdown in inventory turnover.
The most recent data as of December 31, 2024, shows an inventory turnover ratio of 2.44 times, indicating that the company's inventory is turning over approximately 2.44 times during the year. This lower turnover rate may imply excess inventory levels or challenges in selling products efficiently.
Overall, analyzing Fox Factory Holding Corp's inventory turnover trend can provide insights into the company's inventory management effectiveness and potential operational performance issues that may need to be addressed for improved efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024