Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,586,500 | 3,855,800 | 3,826,900 | 2,607,800 | 2,595,100 | 2,327,900 | 2,332,800 | 2,331,600 | 2,311,800 | 2,333,400 | 2,304,400 | 2,276,900 | 2,248,600 | 2,597,400 | 2,561,400 | 2,486,800 | 2,532,200 | 1,810,100 |
| Inventory | US$ in thousands | 241,000 | 265,600 | 263,800 | 267,400 | 258,800 | 278,800 | 297,000 | 307,200 | 300,800 | 291,300 | 286,000 | 280,400 | 263,800 | 274,300 | 311,500 | 283,200 | 216,000 | 257,500 |
| Inventory turnover | 14.88 | 14.52 | 14.51 | 9.75 | 10.03 | 8.35 | 7.85 | 7.59 | 7.69 | 8.01 | 8.06 | 8.12 | 8.52 | 9.47 | 8.22 | 8.78 | 11.72 | 7.03 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,586,500K ÷ $241,000K
= 14.88
The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period. Looking at the data provided for Envista Holdings Corp, we can see fluctuations in the inventory turnover ratio over the reported quarters.
- In December 2020, the inventory turnover ratio was 11.72, indicating that the company sold and replaced its inventory around 11.72 times during that period.
- This ratio decreased to 7.03 in September 2020, before gradually increasing to reach a peak of 14.88 in December 2024.
- The trend in the inventory turnover ratio shows some volatility, with fluctuations noted in each quarter.
- Generally, a higher inventory turnover ratio is preferable as it indicates that the company is selling goods quickly and efficiently managing its inventory levels.
- It is important for investors and analysts to monitor the inventory turnover ratio over time to assess how well the company is managing its inventory and whether improvements are being made in inventory management efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024