LCI Industries (LCII)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,861,490 | 3,008,620 | 3,933,850 | 3,429,660 | 2,090,080 |
| Inventory | US$ in thousands | 736,604 | 768,407 | 1,029,700 | 1,095,910 | 493,899 |
| Inventory turnover | 3.88 | 3.92 | 3.82 | 3.13 | 4.23 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,861,490K ÷ $736,604K
= 3.88
The inventory turnover for LCI Industries has fluctuated over the past five years. Starting at 4.23 in December 2020, it decreased to 3.13 by December 2021, reflecting a decrease in the efficiency of inventory management. Subsequently, there was an improvement with a turnover of 3.82 by December 2022, but then dipped slightly to 3.92 in December 2023. Finally, by December 2024, the inventory turnover settled at 3.88. Overall, the company's inventory turnover has shown variability, indicating the need for continued monitoring and potential optimization of inventory management processes.
Peer comparison
Dec 31, 2024