Haemonetics Corporation (HAE)

Inventory turnover

		Mar 31, 2025	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
Cost of revenue (ttm)	US$ in thousands	611,866	646,008	649,396	638,995	621,814	598,290	586,501	578,435	553,563	534,087	508,697	486,446	487,694	502,225	501,135	487,521	472,625	454,338	465,144	486,968
Inventory	US$ in thousands	365,141	359,614	382,105	373,787	317,202	304,024	285,830	289,207	259,379	255,756	254,680	277,887	293,027	305,741	322,661	326,500	322,614	299,710	305,224	294,510
Inventory turnover		1.68	1.80	1.70	1.71	1.96	1.97	2.05	2.00	2.13	2.09	2.00	1.75	1.66	1.64	1.55	1.49	1.46	1.52	1.52	1.65

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $611,866K ÷ $365,141K
= 1.68

The inventory turnover ratio of Haemonetics Corporation has shown fluctuations over the period indicated in the data. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio generally indicates that the company is efficiently managing its inventory.

From June 30, 2020, to September 30, 2022, Haemonetics Corporation's inventory turnover ratio has been increasing steadily, indicating an improvement in its inventory management efficiency. The ratio increased from 1.65 to 2.00 during this period, reflecting that the company is selling its inventory more frequently.

However, from September 30, 2022, to March 31, 2025, the inventory turnover ratio displayed some volatility. The ratio reached its peak at 2.13 on March 31, 2023, but then slightly decreased to 1.68 by March 31, 2025. This fluctuation may suggest some variability in the company's sales patterns or inventory management practices during this period.

Overall, Haemonetics Corporation's inventory turnover ratio has shown a generally positive trend with periods of improvement, indicating effective management of its inventory levels and sales processes. The company should continue to monitor and optimize its inventory turnover ratio to ensure efficient utilization of its resources and maintain profitability.