Pitney Bowes Inc (PBI)
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 | Dec 31, 2021 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 1,097,359 | 1,163,129 | 1,151,821 | 1,021,176 | 1,022,863 | 1,449,132 | 1,834,711 | 2,209,422 | 2,551,563 | 2,567,519 | 2,574,179 | 2,529,404 | 2,404,660 | 2,195,585 | 2,055,148 | 1,957,843 | 1,922,139 | 1,903,332 | 1,854,838 | 1,813,429 |
Inventory | US$ in thousands | 70,053 | 83,781 | 92,783 | 94,016 | 83,720 | 89,946 | 82,797 | 87,661 | 78,588 | 69,496 | 67,538 | 63,680 | 71,480 | 66,974 | 73,653 | 71,848 | 68,251 | 76,339 | 73,347 | 68,876 |
Inventory turnover | 15.66 | 13.88 | 12.41 | 10.86 | 12.22 | 16.11 | 22.16 | 25.20 | 32.47 | 36.94 | 38.11 | 39.72 | 33.64 | 32.78 | 27.90 | 27.25 | 28.16 | 24.93 | 25.29 | 26.33 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,097,359K ÷ $70,053K
= 15.66
The inventory turnover ratio for Pitney Bowes, Inc. has shown fluctuations over the past eight quarters. The ratio indicates how many times a company's inventory is sold and replaced in a given period. A higher inventory turnover generally suggests efficient management of inventory levels and effective sales strategies.
In Q4 2023, the inventory turnover ratio was 31.13, which was an increase compared to the previous quarter. This sharp increase may indicate that the company was able to sell and replace its inventory more quickly.
Despite the recent uptick, the inventory turnover ratio has varied over the quarters, with values ranging from 24.38 to 31.13. This indicates some volatility in how quickly the company is turning over its inventory.
Overall, Pitney Bowes, Inc. seems to be effectively managing its inventory levels, with the turnover ratios consistently above 24. However, analysts should continue to monitor the trend to assess the company's inventory management practices and sales efficiency.