John B Sanfilippo & Son Inc (JBSS)
Inventory turnover
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 852,644 | 812,577 | 778,637 | 763,180 | 788,055 | 810,114 | 800,522 | 783,673 | 756,241 | 714,606 | 697,277 | 677,080 | 673,495 | 677,024 | 683,997 | 699,660 | 704,317 | 753,934 | 771,541 | 811,775 |
| Inventory | US$ in thousands | 196,563 | 210,672 | 197,335 | 174,789 | 172,936 | 190,351 | 173,075 | 192,098 | 204,855 | 211,127 | 178,741 | 152,603 | 147,998 | 151,757 | 155,371 | 150,371 | 172,068 | 188,514 | 172,340 | 156,453 |
| Inventory turnover | 4.34 | 3.86 | 3.95 | 4.37 | 4.56 | 4.26 | 4.63 | 4.08 | 3.69 | 3.38 | 3.90 | 4.44 | 4.55 | 4.46 | 4.40 | 4.65 | 4.09 | 4.00 | 4.48 | 5.19 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $852,644K ÷ $196,563K
= 4.34
Inventory turnover for John B Sanfilippo & Son Inc has shown some fluctuations over the past several quarters. The company's inventory turnover ratio has ranged from 3.38 to 5.19 over the past 20 quarters. On average, the company's inventory turnover ratio is around 4, indicating that the company typically sells and replenishes its inventory 4 times a year.
The inventory turnover ratio peaked at 5.19 in the fourth quarter of 2019, suggesting that the company sold and replaced its inventory at a relatively faster rate during that period. However, the ratio has been more volatile since then, fluctuating within a narrower range between 3.38 and 4.65.
Overall, the inventory turnover ratio for John B Sanfilippo & Son Inc has shown a stable trend, staying close to the industry average. A higher ratio indicates that the company is efficiently managing its inventory levels by selling products quickly, which can help reduce carrying costs and prevent obsolete inventory. However, the company should continue to monitor and improve its inventory turnover to ensure optimal inventory management efficiency.
Peer comparison
Jun 30, 2024
Jun 30, 2024