Oracle Corporation (ORCL)

Inventory turnover

		May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020
Cost of revenue (ttm)	US$ in thousands	16,926,000	16,852,000	16,526,000	16,181,000	15,885,000	14,949,000	14,519,000	14,137,000	13,564,000	12,230,000	11,009,000	9,810,000	8,876,000	8,602,000	8,299,000	8,079,000	7,856,000	7,703,000	7,752,000	7,861,000
Inventory	US$ in thousands	—	—	—	—	334,000	—	—	—	298,000	—	—	—	314,000	—	—	—	142,000	-10,000	-17,000	-24,000
Inventory turnover		—	—	—	—	47.56	—	—	—	45.52	—	—	—	28.27	—	—	—	55.32	—	—	—

May 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $16,926,000K ÷ $—K
= —

The inventory turnover ratios for Oracle Corporation over the observed periods demonstrate notable fluctuations with periods of reporting gaps. In the fiscal year ending May 31, 2021, the inventory turnover was 55.32, indicating a highly efficient management of inventory and rapid sales relative to inventory levels. This high ratio suggests that Oracle was able to convert its inventory into sales approximately 55 times in that fiscal year, reflecting strong sales activity and possibly effective inventory management.

Subsequently, a decline is observed, with the ratio decreasing to 28.27 for the fiscal year ending May 31, 2022, implying a slowdown in inventory turnover or an accumulation of inventory relative to sales. Nonetheless, the ratio experiences an upward rebound to 45.52 for the year ending May 31, 2023, indicating an improved rate of inventory conversion. The latest reported figure, for the fiscal year ending May 31, 2024, stands at 47.56, suggesting sustained efficiency in inventory utilization, approaching the turnover levels of the previous year.

The periods with unavailable data preclude a continuous trend analysis, but overall, the inventory turnover ratios exhibit variability that could be associated with shifts in operational strategies, product mix, or market demand. The general trend from the latest data points indicates a relatively high and stable inventory turnover rate, reflecting well-managed inventory processes aligned with the company's sales performance.