GMS Inc (GMS)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,791,710 | 3,726,810 | 3,603,310 | 3,146,600 | 2,236,120 |
| Inventory | US$ in thousands | 586,191 | 580,830 | 575,495 | 550,953 | 357,054 |
| Inventory turnover | 6.47 | 6.42 | 6.26 | 5.71 | 6.26 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,791,710K ÷ $586,191K
= 6.47
The inventory turnover ratio for GMS Inc. demonstrates a relatively stable pattern over the observed period, with some fluctuations indicative of operational adjustments and inventory management practices. Specifically, as of April 30, 2021, the ratio stood at 6.26, reflecting a moderate rate of inventory sales and replenishment.
In the subsequent year, April 30, 2022, the ratio decreased to 5.71, suggesting a slight slowdown in the frequency of inventory turnover, which could be attributable to increased inventory levels, changes in sales volume, or inventory management strategies.
However, in the following year, April 30, 2023, the ratio rebounded to 6.26, returning to the prior level and indicating a recovery in inventory efficiency and a possible improvement in sales velocity or inventory management techniques.
The subsequent years show a continued upward trend, with the ratio reaching 6.42 as of April 30, 2024, and further increasing slightly to 6.47 by April 30, 2025. This gradual rise suggests an improvement in inventory turnover efficiency over the recent year, potentially reflecting more effective inventory management, increased sales activity, or a combination of both.
Overall, the pattern indicates that GMS Inc. maintains a reasonably efficient inventory turnover rate, with minor fluctuations responsive to operational shifts. The incremental increase in the ratio in recent years signifies a positive trend toward better inventory management and sales execution.
Peer comparison
Apr 30, 2025