The Hain Celestial Group Inc (HAIN)

Inventory turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cost of revenue	US$ in thousands	1,825,330	1,909,160	1,776,940	1,844,020	1,950,830
Inventory	US$ in thousands	274,128	310,341	308,034	285,410	248,170
Inventory turnover		6.66	6.15	5.77	6.46	7.86

June 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,825,330K ÷ $274,128K
= 6.66

The inventory turnover ratio for The Hain Celestial Group Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending June 30, 2024, the company's inventory turnover ratio was 6.66, indicating that the company sold and replaced its inventory approximately 6.66 times during the year. This represents an improvement compared to the prior year's ratio of 6.15.

Although the ratio has been somewhat volatile, it has generally remained within a moderate range over the period analyzed. The inventory turnover ratio reflects how efficiently the company is managing its inventory levels and converting them into sales. A higher ratio indicates that the company is selling its inventory more frequently, which can be a positive sign of efficient inventory management.

Overall, The Hain Celestial Group Inc's inventory turnover performance suggests that the company has been effectively managing its inventory levels in recent years, with a slight improvement in turnover efficiency in the most recent fiscal year. This indicates a healthy balance between managing inventory levels to meet customer demand and avoiding excessive inventory holding costs.