Mesa Laboratories Inc (MLAB)
Inventory turnover
Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 90,108 | 82,937 | 85,387 | 75,245 | 46,923 |
Inventory | US$ in thousands | — | 32,675 | 34,642 | 24,606 | 11,178 |
Inventory turnover | — | 2.54 | 2.46 | 3.06 | 4.20 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $90,108K ÷ $—K
= —
Over the period from March 31, 2021, to March 31, 2024, Mesa Laboratories Inc's inventory turnover ratio exhibited a declining trend, reflecting a decrease in the company's efficiency in managing its inventory. The ratio decreased from 4.20 in March 31, 2021, to 2.54 in March 31, 2024. This indicates that Mesa Laboratories Inc took longer to sell its inventory during this period.
A lower inventory turnover ratio may suggest excess inventory levels, slow-moving inventory, or inefficiencies in the company's inventory management processes. It could also indicate potential issues such as obsolete inventory or inaccurate demand forecasting.
The absence of data for March 31, 2025, makes it difficult to assess the latest performance. However, Mesa Laboratories Inc may need to closely analyze its inventory management practices and work towards improving efficiency in inventory turnover to optimize working capital and enhance overall operational performance.
Peer comparison
Mar 31, 2025