ePlus inc (PLUS)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,499,670 | 1,674,510 | 1,550,190 | 1,360,040 | 1,174,770 |
| Inventory | US$ in thousands | 120,440 | 139,690 | 243,286 | 155,060 | 69,963 |
| Inventory turnover | 12.45 | 11.99 | 6.37 | 8.77 | 16.79 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,499,670K ÷ $120,440K
= 12.45
The inventory turnover ratio for ePlus inc has shown fluctuating trends over the past few years. In March 2021, the inventory turnover was relatively high at 16.79, indicating that the company was able to sell and replace its inventory almost 17 times during the year. However, there was a significant decrease in the inventory turnover in March 2022 to 8.77, suggesting that the company took longer to sell and replace its inventory during that period.
The trend continued with a further decrease in the inventory turnover ratio to 6.37 in March 2023, indicating potential inventory management issues or changes in sales patterns. However, the ratio improved in March 2024 to 11.99, signaling that the company was able to sell and restock its inventory more efficiently.
In the most recent period, March 2025, the inventory turnover ratio increased slightly to 12.45, which could indicate better inventory management practices or an increase in sales efficiency. Overall, it is essential for ePlus inc to closely monitor its inventory turnover ratio to ensure effective inventory management and optimize its capital utilization.
Peer comparison
Mar 31, 2025