Hillenbrand Inc (HI)
Inventory turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,184,300 | 1,176,100 | 1,160,400 |
| Inventory | US$ in thousands | 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 | 157,700 | 186,700 | 183,000 |
| Inventory turnover | 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 | 7.51 | 6.30 | 6.34 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,948,900K ÷ $607,500K
= 3.21
Hillenbrand Inc's inventory turnover ratio has shown some fluctuations over the past eight quarters. The inventory turnover ratio measures how efficiently the company is managing its inventory by indicating how many times a company sells and replaces its inventory during a specific period.
From Q2 2022 to Q3 2023, there was a general decreasing trend in the inventory turnover ratio, dropping from 4.10 to 3.31. This decrease suggests that the company was turning over its inventory at a slower pace during this period.
However, there was a slight uptick in Q1 2024, with the inventory turnover ratio improving to 3.22. This may indicate that the company was able to sell and replace its inventory more efficiently compared to the previous quarter.
Overall, the inventory turnover ratios range from 3.17 to 4.10 over the past eight quarters, showing some variability but generally indicating that Hillenbrand Inc is efficiently managing its inventory levels. It is essential for the company to closely monitor its inventory turnover to ensure optimal inventory management and avoid issues such as overstocking or stockouts.
Peer comparison
Dec 31, 2023
Dec 31, 2023