JBTMarel Corp (JBTM)
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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,740,600 | 1,399,100 | 1,089,500 | 1,082,400 | 1,051,000 | 1,072,400 | 1,076,000 | 1,227,200 | 1,231,700 | 1,216,500 | 1,290,600 | 1,214,700 | 1,286,300 | 1,346,600 | 1,301,500 | 1,251,200 | 1,208,300 | 1,164,000 | 1,194,100 | 1,265,600 |
| Inventory | US$ in thousands | 661,100 | 613,500 | 233,100 | 259,000 | 258,700 | 250,200 | 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 |
| Inventory turnover | 2.63 | 2.28 | 4.67 | 4.18 | 4.06 | 4.29 | 4.50 | 5.41 | 5.19 | 3.46 | 4.89 | 3.50 | 4.30 | 4.89 | 5.68 | 5.74 | 5.92 | 5.95 | 6.05 | 5.76 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,740,600K ÷ $661,100K
= 2.63
The inventory turnover ratio of JBTMarel Corp exhibits notable fluctuations over the analyzed period from September 30, 2020, to June 30, 2025. Initially, the ratio increased from 5.76 in September 2020, reaching a peak of 6.05 at the end of 2020, and remained relatively stable through March 2021 at 5.95 and June 2021 at 5.92. Subsequently, a slight decline commenced, with the ratio decreasing to 5.74 by September 2021 and further to 5.68 in December 2021.
This downward trend intensified in 2022, with the ratio falling to 4.89 by March and reaching a low of 3.50 in September 2022, indicating a significant reduction in inventory turnover efficiency. However, a recovery was observed, as the ratio increased back to 4.89 in December 2022, then declined again to 3.46 in March 2023. The ratio experienced a modest rebound in the following months, reaching 5.19 in June 2023 and slightly increasing to 5.41 in September 2023.
Later, the ratio demonstrated relative stabilization around the 4.5 to 4.7 range, with a slight decline to 4.50 in December 2023 and fluctuating slightly afterward, ending at 4.06 in June 2024 and rising modestly to 4.18 in September 2024. The ratio then increased slightly to 4.67 in December 2024 before experiencing a substantial drop to 2.28 in March 2025, followed by a slight uptick to 2.63 in June 2025.
Overall, the trend indicates periods of both improvement and decline in inventory management efficiency. The significant decrease in the inventory turnover ratio during 2022 and early 2023 suggests potential challenges in inventory management or changes in sales volume, while the partial recovery in subsequent periods reflects efforts to optimize inventory levels. The notable drop at the end of the analyzed period may warrant further investigation into inventory strategies and sales performance, as lower ratios can imply increased inventory holding periods or reduced sales velocity.
Peer comparison
Jun 30, 2025
Jun 30, 2025