H B Fuller Company (FUL)
Inventory turnover
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,506,859 | 2,477,472 | 2,472,436 | 2,478,845 | 2,502,037 | 2,583,092 | 2,637,996 | 2,736,269 | 2,785,484 | 2,731,357 | 2,672,171 | 2,542,757 | 2,432,708 | 2,340,741 | 2,211,480 | 2,090,858 | 2,033,620 | 2,007,511 | 2,021,947 | 2,073,370 |
| Inventory | US$ in thousands | 467,498 | 509,029 | 496,085 | 490,179 | 442,040 | 472,641 | 499,275 | 526,041 | 491,781 | 547,278 | 543,126 | 547,868 | 448,404 | 462,635 | 427,835 | 388,773 | 323,213 | 354,221 | 388,698 | 380,975 |
| Inventory turnover | 5.36 | 4.87 | 4.98 | 5.06 | 5.66 | 5.47 | 5.28 | 5.20 | 5.66 | 4.99 | 4.92 | 4.64 | 5.43 | 5.06 | 5.17 | 5.38 | 6.29 | 5.67 | 5.20 | 5.44 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,506,859K ÷ $467,498K
= 5.36
H B Fuller Company's inventory turnover ratio has shown some fluctuation over the past few years based on the provided data. The inventory turnover ratio indicates how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced over a specific period.
From February 29, 2020, to November 30, 2024, the company's inventory turnover ratio ranged from a low of 4.64 to a high of 6.29. This suggests that the company has been able to sell and replace its inventory between approximately 4.64 to 6.29 times during the respective periods.
Overall, there seems to be a general trend of improvement in the inventory turnover ratio from the lowest point of 4.64 on February 26, 2022, to the highest point of 6.29 on November 28, 2020. However, there have been some fluctuations in between.
It is important for H B Fuller Company to closely monitor its inventory turnover ratio to ensure optimal inventory management efficiency. A higher inventory turnover ratio generally indicates better liquidity and efficient management of inventory, while a lower ratio may suggest excess inventory or slow-moving stock.
Peer comparison
Nov 30, 2024
Nov 30, 2024