IDEX Corporation (IEX)
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 | 1,823,600 | 1,779,900 | 1,779,400 | 1,807,200 | 1,827,000 | 1,839,900 | 1,838,300 | 1,809,300 | 1,755,000 | 1,690,600 | 1,648,850 | 1,589,525 | 1,540,338 | 1,485,392 | 1,414,555 | 1,361,129 | 1,324,222 | 1,317,680 | 1,330,335 | 1,353,648 |
| Inventory | US$ in thousands | 429,700 | 488,200 | 427,900 | 426,000 | 420,800 | 446,600 | 482,500 | 497,600 | 470,900 | 455,300 | 457,400 | 428,500 | 370,400 | 353,924 | 360,079 | 304,636 | 289,910 | 302,410 | 324,931 | 340,581 |
| Inventory turnover | 4.24 | 3.65 | 4.16 | 4.24 | 4.34 | 4.12 | 3.81 | 3.64 | 3.73 | 3.71 | 3.60 | 3.71 | 4.16 | 4.20 | 3.93 | 4.47 | 4.57 | 4.36 | 4.09 | 3.97 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,823,600K ÷ $429,700K
= 4.24
The inventory turnover ratio for IDEX Corporation over the period reflects the number of times the company's inventory is sold and replaced within a specific timeframe.
Looking at the data provided, we observe fluctuations in the inventory turnover ratio from March 31, 2020, to December 31, 2024. The trend indicates some variability in the efficiency of managing inventory.
The ratio ranged between 3.60 (June 30, 2022) to 4.57 (December 31, 2020) during this period. Generally, a higher inventory turnover ratio suggests more efficient inventory management and faster sales, while a lower ratio may indicate slower sales or excess inventory.
Over the course of the periods noted, the inventory turnover ratio exhibited fluctuations but generally remained within a moderate range. It is important for management to monitor this ratio closely to ensure optimal inventory levels that balance sales demands with holding costs. A consistent analysis of this ratio can help identify potential inefficiencies in inventory management that may need addressing.
Peer comparison
Dec 31, 2024
Dec 31, 2024