Oshkosh Corporation (OSK)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Cost of revenue (ttm)	US$ in thousands	8,843,000	8,612,500	8,320,600	8,139,000	7,918,100	7,833,300	7,877,000	7,628,600	7,197,300	5,251,500	4,718,700	4,633,600	4,734,500	6,714,100	7,376,600	7,345,800	7,234,900	6,924,100	6,562,100	6,480,200
Inventory	US$ in thousands	2,131,600	2,020,600	1,900,200	1,905,900	1,865,600	1,669,700	1,584,300	1,527,900	1,411,500	1,273,200	1,397,200	1,502,800	1,505,400	1,714,400	1,655,900	1,430,700	1,249,200	1,361,400	1,503,500	1,291,600
Inventory turnover		4.15	4.26	4.38	4.27	4.24	4.69	4.97	4.99	5.10	4.12	3.38	3.08	3.15	3.92	4.45	5.13	5.79	5.09	4.36	5.02

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,843,000K ÷ $2,131,600K
= 4.15

The inventory turnover of Oshkosh Corp has shown some fluctuations over the past eight quarters, ranging from a low of 3.74 in Q4 2023 to a high of 4.53 in both Q2 and Q3 of 2022. Generally, the company's inventory turnover ratio has been relatively stable, with a gradual decrease observed in the most recent quarters. This indicates that Oshkosh Corp has been relatively efficient in managing its inventory levels and converting them into sales during the periods analyzed. Further investigation into the reasons behind the fluctuations, such as changes in sales volume, production efficiency, or inventory management practices, could provide more insights into the company's operational performance.