Jack In The Box Inc (JACK)

Inventory turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cost of revenue	US$ in thousands	734,544	873,010	727,375	379,230	346,726
Inventory	US$ in thousands	3,922	3,896	5,264	2,335	1,808
Inventory turnover		187.29	224.08	138.18	162.41	191.77

September 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $734,544K ÷ $3,922K
= 187.29

The inventory turnover ratio for Jack In The Box Inc has fluctuated over the past five years, with a significant decrease from 2023 to 2024. In 2024, the inventory turnover ratio stands at 187.29, representing a decrease from the previous year's ratio of 224.08. This decline may indicate that Jack In The Box Inc is taking longer to sell its inventory relative to the previous year.

When compared to 2022 and 2021, the inventory turnover ratio in 2024 remains relatively high, suggesting that the company is efficiently managing its inventory levels. However, it is lower than the peak ratio observed in 2023, indicating potential changes in the company's inventory management practices or sales patterns.

Overall, while the inventory turnover ratio for Jack In The Box Inc has decreased in 2024, it is important to consider additional factors such as industry trends and market conditions to fully evaluate the efficiency of the company's inventory management.