Premier Inc (PINC)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | 278,787 | 329,243 | 395,573 | 439,977 | 480,423 | 464,046 | 432,665 | 436,088 | 439,806 | 448,555 | 480,749 | 506,579 | 547,862 | 692,922 | 815,682 | 884,811 | 883,818 | 760,549 | 605,561 | 493,958 |
| Inventory | US$ in thousands | — | — | — | — | 79,799 | 77,795 | 72,766 | 69,868 | 76,932 | 94,431 | 116,421 | 123,881 | 119,652 | 130,275 | 148,415 | 169,019 | 176,376 | 225,231 | 178,346 | 143,305 |
| Inventory turnover | — | — | — | — | 6.02 | 5.96 | 5.95 | 6.24 | 5.72 | 4.75 | 4.13 | 4.09 | 4.58 | 5.32 | 5.50 | 5.23 | 5.01 | 3.38 | 3.40 | 3.45 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $278,787K ÷ $—K
= —
The inventory turnover ratio for Premier Inc exhibits notable fluctuations over the analyzed period. Starting at 3.45 as of September 30, 2020, the ratio remained relatively stable through to December 31, 2021, with values ranging between 3.38 and 3.50, indicating a moderate frequency of inventory utilization during this period.
A significant increase is observed in the quarter ending June 30, 2021, reaching 5.01, which suggests a marked improvement in inventory management efficiency. This upward trend continues into the subsequent quarters, with ratios rising to 5.23 by September 30, 2021, and further to 5.50 by December 31, 2021, reflecting a faster turnover rate and potentially more effective inventory utilization.
During 2022, the ratio exhibits slight fluctuations, peaking at 5.72 on June 30, 2022, before declining to 4.09 by September 30, 2022. The ratios in the latter part of 2022 stabilize around 4.13 to 4.75, indicating a moderation in turnover efficiency compared to earlier periods.
Moving into 2023, the ratio increases again, reaching 5.96 by March 31, 2024, approaching levels observed during the peak years, with notable acceleration to 6.24 as of September 30, 2023. The trend continues into the last quarter of 2023 at 5.95, and further into 2024 with ratios of 5.96 and 6.02 by March and June respectively.
Overall, the data indicates an overall trend of increasing inventory turnover over the period, especially prominent from mid-2022 onward, suggesting improvements in inventory management, sales efficiency, or both. The ratios imply that Premier Inc is increasingly able to sell and replenish inventory more frequently, which can be interpreted as a positive sign of operational efficiency and inventory control practices, though the fluctuations also highlight periods of potential adjustments in inventory practices.
Peer comparison
Jun 30, 2025
Jun 30, 2025