Mesa Laboratories Inc (MLAB)

Inventory turnover

		Mar 31, 2025	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
Cost of revenue (ttm)	US$ in thousands	93,522	97,625	94,610	93,288	88,415	82,979	84,430	85,737	85,387	86,764	91,311	81,648	75,245	64,706	52,156	50,031	47,295	49,634	53,093	52,578
Inventory	US$ in thousands	—	28,122	29,738	31,767	32,675	35,973	32,879	35,559	34,642	33,739	28,039	26,874	24,606	23,719	12,117	12,122	11,178	11,965	11,837	12,900
Inventory turnover		—	3.47	3.18	2.94	2.71	2.31	2.57	2.41	2.46	2.57	3.26	3.04	3.06	2.73	4.30	4.13	4.23	4.15	4.49	4.08

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $93,522K ÷ $—K
= —

The inventory turnover ratio of Mesa Laboratories Inc has shown some fluctuations over the periods provided. The ratio ranged from a high of 4.49 on September 30, 2020, to a low of 2.31 on December 31, 2023. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.

In the recent periods, there has been a decline in the inventory turnover ratio. For example, the ratio decreased from 3.26 on September 30, 2022, to 2.57 on December 31, 2022, and then further decreased to 2.31 on December 31, 2023. This could suggest that Mesa Laboratories Inc may be experiencing challenges in managing its inventory levels effectively or may be holding onto excess inventory.

It is important for the company to monitor and manage its inventory turnover ratio effectively to ensure optimal inventory levels and efficient use of resources. A low inventory turnover ratio can tie up capital in unsold inventory and may indicate potential inefficiencies in the company's operations.