Enpro Industries (NPO)
Inventory turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 603,900 | 607,600 | 608,100 | 617,300 | 632,500 | 646,100 | 664,300 | 705,000 | 752,600 | 766,300 | 770,600 | 749,400 | 705,200 | 697,600 | 697,800 | 680,700 | 698,200 | 714,100 | 798,300 | 895,700 |
| Inventory | US$ in thousands | 138,800 | 143,300 | 144,600 | 146,400 | 142,600 | 145,900 | 152,700 | 157,100 | 151,900 | 150,200 | 168,000 | 164,000 | 160,000 | 147,800 | 149,100 | 138,600 | 139,100 | 124,800 | 153,000 | 153,400 |
| Inventory turnover | 4.35 | 4.24 | 4.21 | 4.22 | 4.44 | 4.43 | 4.35 | 4.49 | 4.95 | 5.10 | 4.59 | 4.57 | 4.41 | 4.72 | 4.68 | 4.91 | 5.02 | 5.72 | 5.22 | 5.84 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $603,900K ÷ $138,800K
= 4.35
Enpro Industries' inventory turnover has fluctuated over the past few years, ranging from a high of 5.84 times in March 31, 2020, to a low of 4.21 times in June 30, 2024. The inventory turnover measures how efficiently the company is managing its inventory by indicating the number of times the inventory is sold and replaced during a specific period.
A decreasing trend in inventory turnover could indicate issues such as overstocking, slow-moving inventory, or poor sales performance. On the other hand, an increasing trend in inventory turnover suggests that the company is selling its inventory more quickly, which could be a positive sign of efficiency and effective inventory management.
Enpro Industries' inventory turnover has generally been above 4 times, indicating that the company is able to sell and replace its inventory several times throughout the year. However, the fluctuations in the inventory turnover ratio suggest that the company may need to review its inventory management strategies to maintain a more consistent level of efficiency in handling its inventory.