Henry Schein Inc (HSIC)
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 | 10,943,000 | 8,083,000 | 7,976,000 | 7,887,000 | 8,728,000 | 11,870,250 | 11,983,320 | 11,930,710 | 11,691,350 | 8,425,480 | 8,110,320 | 7,045,040 | 6,604,840 | 6,599,401 | 6,558,061 | 7,151,491 | 7,083,881 | 9,709,210 | 9,654,960 | 9,977,770 |
| Inventory | US$ in thousands | 1,815,000 | 1,833,000 | 1,843,000 | 1,918,000 | 1,963,000 | 1,818,000 | 1,823,000 | 1,871,000 | 1,861,000 | 1,784,050 | 1,688,210 | 1,626,180 | 1,512,500 | 1,463,430 | 1,406,720 | 1,328,400 | 1,428,800 | 1,356,900 | 1,367,520 | 1,370,380 |
| Inventory turnover | 6.03 | 4.41 | 4.33 | 4.11 | 4.45 | 6.53 | 6.57 | 6.38 | 6.28 | 4.72 | 4.80 | 4.33 | 4.37 | 4.51 | 4.66 | 5.38 | 4.96 | 7.16 | 7.06 | 7.28 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,943,000K ÷ $1,815,000K
= 6.03
The inventory turnover ratio for Henry Schein Inc has shown some fluctuations over the past years. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory within a specific period.
In the most recent quarter, the inventory turnover ratio was 6.03, indicating that Henry Schein Inc was able to turn over its inventory approximately 6.03 times during the period. This is an improvement compared to the previous quarter, where the ratio stood at 4.41.
Looking at the trend over the last few years, we can see that the company's inventory turnover ratio has generally been within the range of 4 to 7 times, with some variability. A higher inventory turnover ratio is generally preferable as it suggests that inventory is being sold quickly, reducing the risk of obsolescence and freeing up cash for other uses.
Overall, Henry Schein Inc's inventory turnover ratios indicate that the company has been managing its inventory efficiently, with some fluctuations over time that may reflect seasonal variations or changes in business operations. A sustained focus on optimizing inventory management processes could help the company maintain and potentially improve its inventory turnover ratio in the future.
Peer comparison
Dec 31, 2023
Dec 31, 2023