Lindsay Corporation (LNN)

Inventory turnover

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Cost of revenue	US$ in thousands	416,019	461,069	571,565	417,441	322,149
Inventory	US$ in thousands	154,453	155,932	193,776	145,244	104,792
Inventory turnover		2.69	2.96	2.95	2.87	3.07

August 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $416,019K ÷ $154,453K
= 2.69

Lindsay Corporation's inventory turnover has exhibited some fluctuation over the past five years. The trend shows a gradual decrease in inventory turnover from 3.07 in 2020 to 2.69 in 2024. This suggests that the company is taking slightly longer to sell its inventory over time. A lower inventory turnover may imply inefficient inventory management, potential overstocking, or slower sales. It is advisable for Lindsay Corporation to closely monitor and optimize its inventory levels to improve efficiency and profitability in the long term.

Peer comparison

Aug 31, 2024

Company name

Symbol

Inventory turnover

Lindsay Corporation

LNN

2.69