Knowles Cor (KN)
Inventory turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 435,700 | 420,700 | 428,100 | 432,600 | 460,300 | 471,900 | 497,900 | 503,700 | 508,600 | 526,400 | 520,900 | 508,300 | 490,800 | 483,900 | 495,600 | 520,500 | 525,800 | 511,000 | 515,100 | 501,800 |
| Inventory | US$ in thousands | 196,400 | 184,100 | 191,900 | 208,600 | 169,500 | 194,600 | 188,800 | 177,000 | 153,100 | 155,700 | 162,400 | 142,300 | 130,100 | 160,100 | 162,500 | 161,200 | 141,800 | 151,200 | 159,700 | 159,300 |
| Inventory turnover | 2.22 | 2.29 | 2.23 | 2.07 | 2.72 | 2.42 | 2.64 | 2.85 | 3.32 | 3.38 | 3.21 | 3.57 | 3.77 | 3.02 | 3.05 | 3.23 | 3.71 | 3.38 | 3.23 | 3.15 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $435,700K ÷ $196,400K
= 2.22
Knowles Corp's inventory turnover has been relatively stable over the past eight quarters, ranging from a low of 2.05 in Q1 2023 to a high of 2.85 in Q1 2022. The inventory turnover ratio indicates how efficiently the company manages its inventory levels and how quickly it sells through its inventory.
A lower inventory turnover ratio suggests that the company may be carrying too much inventory or facing challenges in selling its products. On the other hand, a higher inventory turnover ratio indicates that the company is efficiently managing its inventory and quickly converting it into sales.
In the case of Knowles Corp, the inventory turnover ratio has ranged between 2.05 and 2.85, with an average of approximately 2.43 over the eight quarters analyzed. This suggests that the company is moderately efficient in managing its inventory levels and converting them into sales. It is important for the company to continue monitoring and optimizing its inventory management practices to achieve an optimal balance between inventory levels and sales performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023