Littelfuse Inc (LFUS)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,421,300 | 1,438,361 | 1,467,063 | 1,477,014 | 1,478,437 | 1,506,916 | 1,528,775 | 1,507,075 | 1,506,984 | 1,475,831 | 1,398,781 | 1,369,408 | 1,308,002 | 1,217,042 | 1,145,423 | 1,027,569 | 946,625 | 909,068 | 886,703 | 934,536 |
| Inventory | US$ in thousands | 416,273 | 453,781 | 451,186 | 456,135 | 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 |
| Inventory turnover | 3.41 | 3.17 | 3.25 | 3.24 | 3.12 | 3.12 | 2.90 | 2.69 | 2.75 | 2.75 | 2.82 | 2.91 | 2.93 | 3.41 | 3.52 | 3.48 | 3.67 | 3.73 | 3.58 | 4.11 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,421,300K ÷ $416,273K
= 3.41
The inventory turnover of Littelfuse Inc has shown a declining trend over the past few years, indicating a longer period of time it takes to sell its inventory. The ratio has decreased from 4.11 in March 2020 to 3.17 in September 2024. This suggests potential inefficiencies in managing inventory levels or challenges in converting inventory into sales. A low inventory turnover could lead to higher carrying costs and the risk of obsolete inventory. It is important for Littelfuse Inc to address this trend by optimizing inventory management practices to improve operational efficiency and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024