Itron Inc (ITRI)
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 | 1,961,915 | 1,944,053 | 1,908,544 | 1,867,935 | 1,835,145 | 1,769,486 | 1,685,335 | 1,658,030 | 1,619,297 | 1,718,205 | 1,780,316 | 1,779,375 | 1,798,195 | 1,736,178 | 1,820,970 | 1,847,364 | 1,930,113 | 2,033,017 | 2,049,880 | 2,142,821 |
| Inventory | US$ in thousands | 270,725 | 276,616 | 291,781 | 287,220 | 283,686 | 276,099 | 267,042 | 265,122 | 228,701 | 203,612 | 174,522 | 171,259 | 165,799 | 175,432 | 179,347 | 169,412 | 182,377 | 205,178 | 226,564 | 221,850 |
| Inventory turnover | 7.25 | 7.03 | 6.54 | 6.50 | 6.47 | 6.41 | 6.31 | 6.25 | 7.08 | 8.44 | 10.20 | 10.39 | 10.85 | 9.90 | 10.15 | 10.90 | 10.58 | 9.91 | 9.05 | 9.66 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,961,915K ÷ $270,725K
= 7.25
Itron Inc's inventory turnover has demonstrated consistency and efficiency in managing its inventory levels over the years. The company's inventory turnover ratio has remained relatively stable, ranging from a low of 6.25 to a high of 10.90 during the period from March 31, 2020, to December 31, 2024.
The inventory turnover ratio indicates the number of times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio typically suggests that a company is effectively managing its inventory, avoiding excess stock, and turning over inventory into sales quickly.
Itron Inc's inventory turnover ranged between 6.25 and 10.90, indicating that the company has been efficiently managing its inventory levels. The gradual decrease in the inventory turnover ratio from a peak of 10.90 on March 31, 2021, to 7.25 on December 31, 2024, may suggest a slight decrease in the efficiency of inventory management during that period.
Overall, Itron Inc's inventory turnover ratios suggest that the company has maintained a healthy balance in managing its inventory, ensuring optimal turnover and avoiding potential issues related to excess or obsolete inventory.
Peer comparison
Dec 31, 2024
Dec 31, 2024