KB Home (KBH)
Inventory turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 120,342 | 115,625 | 133,583 | 106,944 | 3,384,530 |
| Inventory | US$ in thousands | — | 5,133,650 | 5,543,180 | 4,802,830 | 3,897,480 |
| Inventory turnover | — | 0.02 | 0.02 | 0.02 | 0.87 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $120,342K ÷ $—K
= —
The inventory turnover for KB Home has experienced a decline from 0.87 in November 2020 to 0.02 in November 2021, and has remained constant at 0.02 in subsequent years up to November 2024. This indicates that the company is taking longer to sell its inventory on hand each year, which could be a concern as it may signify potential inventory management issues or difficulties in managing supply chain efficiency. The sharp decline in inventory turnover in 2021 suggests that KB Home may be facing challenges in effectively managing its inventory levels or facing decreased demand for its products. Further investigation into the company's inventory control procedures and sales strategies may be warranted to address this declining trend in inventory turnover.
Peer comparison
Nov 30, 2024