Henry Schein Inc (HSIC)
Inventory turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,050,000 | 12,007,000 | 11,950,000 | 11,871,000 | 11,734,000 | 8,874,000 | 8,767,000 | 8,678,000 | 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 |
| Inventory | US$ in thousands | 1,810,000 | 1,754,000 | 1,657,000 | 1,686,000 | 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 |
| Inventory turnover | 6.66 | 6.85 | 7.21 | 7.04 | 6.47 | 4.84 | 4.76 | 4.52 | 4.45 | 6.53 | 6.57 | 6.38 | 6.28 | 4.72 | 4.80 | 4.33 | 4.37 | 4.51 | 4.66 | 5.38 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,050,000K ÷ $1,810,000K
= 6.66
Henry Schein Inc's inventory turnover has been fluctuating over the reported periods. The inventory turnover ratio reveals how many times a company's inventory is sold and replaced over a specific period.
From March 31, 2020, to December 31, 2020, the inventory turnover declined from 5.38 to 4.37, indicating a decrease in the efficiency of managing inventory. This trend continued through March 31, 2021, with a ratio of 4.33. However, from June 30, 2021, there was a slight improvement with a ratio of 4.80.
By the end of December 31, 2021, the inventory turnover significantly increased to 6.28, reflecting a better management of inventory. This positive trend continued into 2022 and 2023, reaching peaks of 7.21 on June 30, 2024. However, there was a slight decrease by December 31, 2024, to 6.66.
Overall, the inventory turnover ratio for Henry Schein Inc has shown fluctuations but has generally been on an upward trend since 2021, indicating improved efficiency in managing inventory levels and sales.
Peer comparison
Dec 31, 2024
Dec 31, 2024