The Marzetti Company (MZTI)
Inventory turnover
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,453,476 | 1,439,348 | 1,454,426 | 1,442,341 | 1,439,457 | 1,445,737 | 1,449,483 | 1,460,327 | 1,433,959 | 1,426,467 | 1,390,931 | 1,347,464 | 1,320,671 | 1,255,568 | 1,187,105 | 1,123,450 | 1,080,344 | 1,023,229 | 1,000,931 | 987,989 |
| Inventory | US$ in thousands | 169,301 | 191,145 | 167,170 | 193,663 | 173,252 | 161,088 | 158,192 | 177,808 | 158,265 | 154,753 | 139,413 | 165,939 | 144,702 | 166,022 | 155,165 | 158,369 | 121,875 | 103,046 | 109,047 | 110,562 |
| Inventory turnover | 8.59 | 7.53 | 8.70 | 7.45 | 8.31 | 8.97 | 9.16 | 8.21 | 9.06 | 9.22 | 9.98 | 8.12 | 9.13 | 7.56 | 7.65 | 7.09 | 8.86 | 9.93 | 9.18 | 8.94 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,453,476K ÷ $169,301K
= 8.59
The inventory turnover ratios for The Marzetti Company over the provided period exhibit notable fluctuations. Starting from a ratio of 8.94 at the end of September 2020, there was a general upward trend reaching a peak of 9.98 at the end of December 2022. This indicates that during this period, the company was increasingly efficient in converting its inventory into sales, suggesting effective inventory management and strong sales performance.
Between December 2022 and September 2023, the ratio slightly declined from 9.98 to 8.21, implying a minor reduction in inventory turnover efficiency. This could be attributed to either increased inventory levels, decreased sales, or a combination of both during this timeframe.
Subsequently, the ratio demonstrated slight recovery, reaching 9.16 at the end of December 2023, but then experienced a downward trend to 7.45 by September 2024, pointing to potential challenges in inventory management or changes in sales velocity.
In the most recent periods, there was some stabilization with ratios of 8.70 in December 2024 and 7.53 in March 2025. Overall, the inventory turnover ratio oscillates within a range roughly from about 7.45 to 9.98 across the analyzed timeline, indicating periods of both efficiency and relative slowdown in inventory turnover. This pattern may reflect seasonal variations, strategic shifts in inventory levels, or evolving market conditions influencing the company's operational performance.
Peer comparison
Jun 30, 2025
Jun 30, 2025