Littelfuse Inc (LFUS)
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 | 1,792,334 | 1,840,456 | 1,863,772 | 1,829,101 | 1,917,460 | 1,866,474 | 1,758,911 | 1,708,956 | 1,628,346 | 1,187,806 | 1,099,347 | 996,197 | 914,336 | 919,736 | 901,791 | 923,591 | 959,031 | 956,131 | 1,001,319 | 1,048,645 |
| Inventory | US$ in thousands | 474,607 | 483,075 | 527,151 | 559,828 | 547,690 | 536,026 | 496,207 | 470,552 | 445,671 | 357,024 | 325,774 | 295,057 | 258,002 | 243,832 | 248,020 | 227,282 | 237,507 | 240,059 | 254,305 | 261,659 |
| Inventory turnover | 3.78 | 3.81 | 3.54 | 3.27 | 3.50 | 3.48 | 3.54 | 3.63 | 3.65 | 3.33 | 3.37 | 3.38 | 3.54 | 3.77 | 3.64 | 4.06 | 4.04 | 3.98 | 3.94 | 4.01 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,792,334K ÷ $474,607K
= 3.78
Based on the inventory turnover data provided for Littelfuse Inc, we observe fluctuations in the company's efficiency in managing its inventory over the past five years. Inventory turnover measures how many times a company sells and replaces its inventory within a given period.
From December 2019 to December 2023, Littelfuse Inc's inventory turnover ranged from a low of 3.27 to a high of 4.06. The highest turnover ratio of 4.06 was recorded in March 2020, indicating that the company efficiently managed its inventory during that period. Conversely, the lowest turnover ratio of 3.27 occurred in March 2023, suggesting a relatively slower rate of inventory turnover which may indicate excess inventory or inefficiencies in inventory management.
Overall, the trend in inventory turnover for Littelfuse Inc shows some variability but generally indicates a consistent effort to efficiently manage inventory levels. It is essential for the company to actively monitor and optimize its inventory turnover to ensure adequate stock levels to meet demand while avoiding excess inventory holding costs and potential obsolescence. Further analysis and benchmarking against industry peers could provide additional insights into the company's inventory management effectiveness.
Peer comparison
Dec 31, 2023
Dec 31, 2023