H B Fuller Company (FUL)
Inventory turnover
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,502,040 | 2,785,480 | 2,432,710 | 2,033,620 | 2,090,080 |
| Inventory | US$ in thousands | 442,040 | 491,781 | 448,404 | 323,213 | 337,267 |
| Inventory turnover | 5.66 | 5.66 | 5.43 | 6.29 | 6.20 |
December 2, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,502,040K ÷ $442,040K
= 5.66
The inventory turnover of H.B. Fuller Company has remained relatively stable over the past five years, ranging between 5.43 and 6.29. This indicates that the company is effectively managing its inventory and has a good balance between sales and stock levels. However, it is essential to consider industry benchmarks to gain a better understanding of how the company's performance compares to its peers. Nonetheless, the consistency in inventory turnover suggests that H.B. Fuller has been successful in optimizing its inventory management practices over the years.