Kennametal Inc (KMT)

The inventory turnover ratio for Kennametal Inc. presents a fluctuating trend across the analyzed period from June 30, 2021, to June 30, 2025. In fiscal year 2021, the ratio stood at 2.71, indicating that the company's inventory was sold and replaced approximately 2.71 times during that year. This ratio decreased to 2.39 by June 30, 2022, reflecting a reduction in inventory efficiency or a potential buildup in inventory levels.

Subsequently, the ratio recovered slightly to 2.57 in the fiscal year ending June 30, 2023, suggesting a modest improvement in inventory turnover performance. Continuing this trend, the ratio further increased to 2.76 in 2024, which may indicate more efficient inventory management or increased sales activity relative to inventory levels. However, in the fiscal year ending June 30, 2025, the ratio decreased again to 2.54, signifying a slight decline from the previous year and potentially pointing to increased inventory levels or reduced turnover efficiency.

Overall, the inventory turnover ratio demonstrates periods of decline and recovery, with the highest ratio observed in 2024. The fluctuations suggest that Kennametal Inc. has experienced varying degrees of inventory management efficiency over the analyzed period, influenced by operational, demand, or supply chain factors. The ratios remain within a relatively narrow range, indicating moderate inventory turnover stability over these fiscal years.