Hillenbrand Inc (HI)
Inventory turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,126,300 | 2,072,400 | 2,021,900 | 1,948,900 | 1,871,400 | 1,777,700 | 1,696,800 | 1,612,200 | 1,551,500 | 1,265,100 | 1,345,500 | 1,444,900 | 1,509,100 | 1,847,100 | 1,778,100 | 1,756,900 | 1,703,700 | 1,569,600 | 1,467,600 | 1,316,100 |
| Inventory | US$ in thousands | 525,200 | 573,500 | 588,900 | 607,500 | 592,600 | 568,400 | 588,300 | 591,600 | 485,600 | 506,100 | 481,200 | 441,700 | 411,600 | 410,900 | 385,000 | 388,500 | 385,400 | 424,300 | 423,300 | 442,100 |
| Inventory turnover | 4.05 | 3.61 | 3.43 | 3.21 | 3.16 | 3.13 | 2.88 | 2.73 | 3.20 | 2.50 | 2.80 | 3.27 | 3.67 | 4.50 | 4.62 | 4.52 | 4.42 | 3.70 | 3.47 | 2.98 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,126,300K ÷ $525,200K
= 4.05
The inventory turnover of Hillenbrand Inc has displayed fluctuations over the past several quarters. Inventory turnover is a key financial ratio that indicates how effectively a company manages its inventory levels and generates sales from its inventory.
The inventory turnover ratio measures the number of times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio generally indicates more efficient inventory management and quicker sales of inventory.
In the most recent quarter, Hillenbrand Inc's inventory turnover was 4.05, which suggests that the company sold and replaced its inventory approximately 4.05 times during the quarter. This ratio has been showing a generally increasing trend over the past few quarters, indicating improving efficiency in inventory management.
It's worth noting that inventory turnover can be influenced by various factors such as sales volume, inventory purchasing practices, and demand patterns. Comparing the current ratio with historical data can provide insights into whether the company is improving its inventory management efficiency over time.
Overall, Hillenbrand Inc's inventory turnover ratio has been relatively healthy, showing a positive trend in recent quarters, which indicates effective management of inventory levels and sales generation.
Peer comparison
Sep 30, 2024
Sep 30, 2024