Korn Ferry (KFY)
Inventory turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,202,141 | 2,240,283 | 2,319,951 | 2,265,147 | 2,247,259 | 2,214,637 | 2,118,025 | 2,093,085 | 2,009,412 | 1,940,481 | 1,807,452 | 1,656,153 | 1,568,296 | 1,428,726 | 1,495,620 | 1,541,506 | 1,577,353 | 1,644,946 | 1,587,166 | 1,580,875 |
| Inventory | US$ in thousands | — | — | — | -774,912 | 49,219 | 0 | 46,388 | 53,363 | 0 | -41,708 | 37,054 | 41,049 | 30,724 | 28,737 | 30,984 | 34,983 | 26,851 | 35,094 | 31,603 | 33,311 |
| Inventory turnover | — | — | — | — | 45.66 | — | 45.66 | 39.22 | — | — | 48.78 | 40.35 | 51.04 | 49.72 | 48.27 | 44.06 | 58.74 | 46.87 | 50.22 | 47.46 |
April 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,202,141K ÷ $—K
= —
The inventory turnover ratio for Korn Ferry has shown variability over the past few years. The ratio provides insights into how efficiently the company manages its inventory. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently.
From the available data, we observe that the inventory turnover ratio was 45.66 in April 2023 and remained relatively stable at this level in subsequent periods, with a slight increase to 48.78 in October 2021. This suggests that Korn Ferry was able to sell and replenish its inventory at a consistent pace during these periods.
In general, an increasing trend in the inventory turnover ratio over time is a positive sign as it indicates improved inventory management and faster sales cycles. However, it is important to consider industry norms and business cycles when interpreting this ratio.
Based on the data provided, Korn Ferry has maintained a relatively high inventory turnover ratio, signifying efficient inventory management practices in recent years.
Peer comparison
Apr 30, 2024
Apr 30, 2024