John B Sanfilippo & Son Inc (JBSS)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | Dec 23, 2021 | Sep 30, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 903,775 | 903,434 | 921,508 | 905,975 | 853,406 | 812,958 | 778,637 | 763,180 | 788,499 | 810,558 | 800,966 | 784,117 | 782,692 | 755,655 | 751,006 | 709,957 | 670,826 | 677,080 | 673,495 | 677,024 |
| Inventory | US$ in thousands | 254,600 | 257,798 | 205,842 | 194,565 | 196,563 | 210,672 | 197,335 | 174,789 | 172,936 | 190,351 | 173,075 | 192,098 | 204,855 | 211,127 | 178,741 | 178,741 | 152,603 | 152,603 | 147,998 | 151,757 |
| Inventory turnover | 3.55 | 3.50 | 4.48 | 4.66 | 4.34 | 3.86 | 3.95 | 4.37 | 4.56 | 4.26 | 4.63 | 4.08 | 3.82 | 3.58 | 4.20 | 3.97 | 4.40 | 4.44 | 4.55 | 4.46 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $903,775K ÷ $254,600K
= 3.55
The inventory turnover ratio for John B Sanfilippo & Son Inc exhibited notable fluctuations over the period from March 2021 through June 2025. Early in the period, March 2021 recorded a ratio of 4.46, which increased slightly to 4.55 by June 2021, indicating a relatively efficient management of inventory with a modest improvement in inventory liquidity.
Subsequent quarters showed a slight decline, with the ratio decreasing to 4.44 in September 2021 and further edging down to 4.40 at the end of September 2021, suggesting a modest reduction in inventory turnover efficiency during this period.
A more significant decrease was observed toward the end of 2021, with the ratio dropping to 3.97 in December and rising modestly to 4.20 by year-end, reflecting potential inventory build-up or supply chain adjustments. The ratio further declined to 3.58 by March 2022, indicating a slowdown in inventory turnover efficiency during the beginning of 2022.
Throughout 2022, the ratios improved progressively from 3.82 in June 2022 to 4.08 in September 2022 and further to 4.63 by December 2022, suggesting an enhancement in inventory management or sales performance during this period. This upward trend continued into early 2023, with ratios reaching 4.26 in March 2023 and 4.56 in June 2023, before experiencing a minor decline to 4.37 in September 2023.
In the most recent quarters, the ratio showed variability but remained relatively stable around the 4.00 to 4.66 range. Notably, in December 2023, it was at 3.95, decreasing slightly, and further to 3.86 in March 2024. Subsequently, the ratio increased again to 4.34 in June 2024 and peaked at 4.66 in September 2024, which could imply improved inventory efficiency or increased sales velocity during this period.
Towards the end of the observed timeline, the ratio declined somewhat again, measuring 4.48 in December 2024 and dropping to 3.50 in March 2025. The latest data for June 2025 indicates a ratio of 3.55, reflecting a slight decrease in inventory turnover efficiency.
Overall, the inventory turnover ratio of John B Sanfilippo & Son Inc has demonstrated cyclical patterns characterized by periods of improvement and decline, with the ratio generally oscillating between approximately 3.5 and 4.7 during the analyzed timeframe. This pattern suggests that while the company has been able to maintain a relatively stable inventory management performance, there have been periods of increased inventory holdings potentially linked to strategic or operational adjustments.
Peer comparison
Jun 30, 2025
Jun 30, 2025