Lennox International Inc (LII)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,569,400 | 3,434,100 | 3,433,700 | 3,005,700 | 2,594,000 |
| Inventory | US$ in thousands | 704,800 | 699,100 | 753,000 | 510,900 | 439,400 |
| Inventory turnover | 5.06 | 4.91 | 4.56 | 5.88 | 5.90 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,569,400K ÷ $704,800K
= 5.06
The inventory turnover for Lennox International Inc has shown a slight decline from 5.90 in December 2020 to 5.88 in December 2021. This indicates that the company's inventory was turned over approximately 5.88 times during the year 2021. However, there was a more noticeable decrease in inventory turnover to 4.56 in December 2022, implying that the company took longer to sell its inventory during that period.
Subsequently, there was a slight improvement in inventory turnover to 4.91 in December 2023 and a further increase to 5.06 in December 2024. These figures suggest that Lennox International Inc was able to manage its inventory more efficiently in those years compared to 2022.
Overall, the trend in inventory turnover for Lennox International Inc shows some fluctuations, with a general pattern of maintaining inventory turnover above 4.5, which is indicative of effective inventory management practices within the company.
Peer comparison
Dec 31, 2024