Kulicke and Soffa Industries Inc (KLIC)

Inventory turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cost of revenue	US$ in thousands	437,478	383,836	755,300	820,678	325,201
Inventory	US$ in thousands	177,736	217,304	184,986	167,323	111,809
Inventory turnover		2.46	1.77	4.08	4.90	2.91

September 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $437,478K ÷ $177,736K
= 2.46

The inventory turnover ratio for Kulicke and Soffa Industries Inc has been fluctuating over the past five years. In 2024, the ratio stands at 2.46, which indicates that the company's inventory was sold and replaced approximately 2.46 times during the year. This is an improvement from the previous year, where the ratio was 1.77.

Comparing back further, in 2022 and 2021, the inventory turnover ratios were 4.08 and 4.90 respectively, showing that the company was more efficient in managing its inventory during those years. However, in 2020, the inventory turnover ratio dropped to 2.91.

Overall, the trend indicates some variation in inventory turnover efficiency, with fluctuations in the ability of Kulicke and Soffa Industries Inc to sell and replace its inventory. Further analysis would be needed to understand the factors driving these changes and to assess the effectiveness of the company's inventory management strategies.