John Bean Technologies Corporation (JBT)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 613,600 | 497,000 | 502,800 | 508,800 | 499,100 | 476,800 | 464,900 | 458,400 | 444,900 | 424,400 | 421,300 | 401,300 | 405,200 | 658,400 | 901,300 | 1,157,000 | 1,347,600 | 1,348,700 | 1,353,700 | 1,366,400 |
| Inventory | US$ in thousands | 238,900 | 226,700 | 237,200 | 351,900 | 264,000 | 346,800 | 298,800 | 275,600 | 229,100 | 217,900 | 204,100 | 195,700 | 197,300 | 219,700 | 229,100 | 237,200 | 245,000 | 264,000 | 260,400 | 226,400 |
| Inventory turnover | 2.57 | 2.19 | 2.12 | 1.45 | 1.89 | 1.37 | 1.56 | 1.66 | 1.94 | 1.95 | 2.06 | 2.05 | 2.05 | 3.00 | 3.93 | 4.88 | 5.50 | 5.11 | 5.20 | 6.04 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $613,600K ÷ $238,900K
= 2.57
Inventory turnover is a metric used to assess how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced over a period. In the case of John Bean Technologies Corp, the inventory turnover has shown fluctuations over the past eight quarters.
In the most recent quarter, Q4 2023, the inventory turnover was 4.52, which indicates that on average, the company's inventory was sold and replaced approximately 4.52 times during that period. This represents a decrease from the previous quarter, Q3 2023, where the inventory turnover was 5.93.
Looking at the trend over the past two years, the inventory turnover has ranged from a low of 4.25 in Q3 2022 to a high of 6.24 in Q2 2023. Overall, the company's inventory turnover has shown variability but generally has been within a relatively narrow range.
A high inventory turnover ratio suggests that the company is efficiently managing its inventory levels, while a low turnover ratio may indicate slower sales or excess inventory. It is important for John Bean Technologies Corp to monitor its inventory turnover consistently to ensure optimal inventory management and liquidity.
Peer comparison
Dec 31, 2023
Dec 31, 2023