H B Fuller Company (FUL)
Inventory turnover
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,506,860 | 2,502,040 | 2,785,480 | 2,432,710 | 2,033,620 |
| Inventory | US$ in thousands | 467,498 | 442,040 | 491,781 | 448,404 | 323,213 |
| Inventory turnover | 5.36 | 5.66 | 5.66 | 5.43 | 6.29 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,506,860K ÷ $467,498K
= 5.36
The inventory turnover of H B Fuller Company has shown consistency over the past five years, ranging from 5.36 to 6.29. This ratio indicates the number of times the company's inventory is sold and replaced during a certain period, reflecting the efficiency of inventory management. A higher inventory turnover ratio signifies that the company is selling its inventory more quickly, which is generally a positive indicator. Despite a slight decrease in recent years, H B Fuller Company's inventory turnover remains within a healthy range, indicating effective control over its inventory levels and sales operations.
Peer comparison
Nov 30, 2024