HP Inc (HPQ)
Inventory turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 41,741,000 | 41,519,000 | 41,280,000 | 41,496,000 | 42,210,000 | 43,461,000 | 44,851,000 | 48,036,000 | 50,647,000 | 51,957,000 | 52,094,000 | 51,353,000 | 50,053,000 | 49,239,000 | 49,239,000 | 46,778,000 | 46,202,000 | 46,106,000 | 45,903,000 | 47,234,000 |
| Inventory | US$ in thousands | 7,720,000 | 7,790,000 | 7,512,000 | 6,928,000 | 6,862,000 | 7,197,000 | 7,221,000 | 7,344,000 | 7,614,000 | 8,192,000 | 8,944,000 | 9,018,000 | 7,930,000 | 8,165,000 | 7,502,000 | 6,668,000 | 5,963,000 | 5,896,000 | 6,354,000 | 4,946,000 |
| Inventory turnover | 5.41 | 5.33 | 5.50 | 5.99 | 6.15 | 6.04 | 6.21 | 6.54 | 6.65 | 6.34 | 5.82 | 5.69 | 6.31 | 6.03 | 6.56 | 7.02 | 7.75 | 7.82 | 7.22 | 9.55 |
October 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $41,741,000K ÷ $7,720,000K
= 5.41
The inventory turnover ratio for HP Inc has shown fluctuations over the provided periods. The ratio indicates how many times the company's inventory is sold and replaced during a specific time frame.
The trend for HP Inc's inventory turnover ratio has generally been fluctuating between 5.33 and 9.55 over the last several periods. A higher turnover ratio generally indicates that the company is effectively managing its inventory levels and quickly selling its products.
It is worth noting that the inventory turnover ratio has decreased from 9.55 in the most recent period to 5.41 in the latest period, which suggests a possible decrease in sales or an increase in average inventory levels. However, a single period's decrease may not necessarily indicate a negative trend without further context and analysis.
Overall, HP Inc's inventory turnover ratio has shown variability over time, which could be influenced by factors such as seasonal demand, production efficiency, and market conditions. Further investigation and comparison with industry benchmarks may provide a more comprehensive understanding of HP Inc's inventory management efficiency.
Peer comparison
Oct 31, 2024
Oct 31, 2024