Quanex Building Products (NX)
Inventory turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 975,406 | 997,832 | 877,659 | 908,040 | 951,319 | 953,004 | 939,749 | 908,169 | 866,978 | 831,541 | 793,887 | 736,448 | 677,720 | 658,750 | 652,714 | 671,644 | 693,290 | 694,420 | 699,068 | 703,522 |
| Inventory | US$ in thousands | 107,478 | 97,959 | 105,368 | 114,015 | 127,735 | 120,890 | 138,237 | 130,383 | 117,384 | 92,529 | 93,493 | 80,365 | 76,076 | 61,181 | 63,939 | 75,072 | 78,117 | 67,159 | 84,762 | 86,581 |
| Inventory turnover | 9.08 | 10.19 | 8.33 | 7.96 | 7.45 | 7.88 | 6.80 | 6.97 | 7.39 | 8.99 | 8.49 | 9.16 | 8.91 | 10.77 | 10.21 | 8.95 | 8.88 | 10.34 | 8.25 | 8.13 |
January 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $975,406K ÷ $107,478K
= 9.08
The inventory turnover for Quanex Building Products has fluctuated over the past few years, ranging from a low of 6.80 in July 2022 to a high of 10.77 in January 2020. The company's inventory turnover indicates how efficiently it manages its inventory levels by measuring how many times inventory is sold and replaced within a specific period.
A higher inventory turnover generally suggests that the company is selling its products quickly and efficiently, which can lead to lower carrying costs and better cash flow management. Conversely, a lower inventory turnover may indicate excessive inventory levels, potential obsolescence, or difficulties in selling products.
Quanex Building Products has shown a generally positive trend in inventory turnover in recent periods, with figures consistently above 7. This could imply effective inventory management practices and a healthy demand for its products. However, it's important to monitor this ratio over time to ensure the company maintains optimal inventory levels and continues to operate efficiently.
Peer comparison
Jan 31, 2024
Jan 31, 2024