The Marzetti Company (MZTI)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,453,480 | 1,439,460 | 1,433,960 | 1,320,670 | 1,080,340 |
| Inventory | US$ in thousands | 169,301 | 173,252 | 158,265 | 144,702 | 121,875 |
| Inventory turnover | 8.59 | 8.31 | 9.06 | 9.13 | 8.86 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,453,480K ÷ $169,301K
= 8.59
The inventory turnover ratios for The Marzetti Company over the period from June 30, 2021 to June 30, 2025 demonstrate a relatively stable pattern with minor fluctuations. As of June 30, 2021, the inventory turnover stood at 8.86, indicating that inventory was sold and replaced approximately 8.86 times during that fiscal year. This ratio increased slightly in the subsequent year, reaching 9.13 as of June 30, 2022, signaling a marginal improvement in inventory management efficiency.
However, the ratio experienced a slight decline in the following year, decreasing to 9.06 as of June 30, 2023. This slight dip could reflect a modest slowdown in inventory turnover or a change in sales dynamics. Moving into the 2024 fiscal year, the ratio continued to decline to 8.31, potentially indicating a slowdown in inventory replenishment relative to sales or increased inventory holdings. Nonetheless, in the most recent year, the ratio increased somewhat to 8.59 as of June 30, 2025, suggesting a modest recovery in inventory turnover efficiency.
Overall, the trend depicts a generally stable inventory turnover rate with minor annual variations, oscillating within a narrow range of approximately 8.31 to 9.13 over the four-year span. These fluctuations imply that The Marzetti Company maintains relatively consistent inventory management practices, with occasional shifts that could be attributable to changes in sales volume, supply chain factors, or seasonal variations.
Peer comparison
Jun 30, 2025