ePlus inc (PLUS)
Inventory turnover
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,504,487 | 1,581,457 | 1,586,622 | 1,662,687 | 1,679,713 | 1,610,245 | 1,720,104 | 1,637,260 | 1,550,194 | 1,526,510 | 1,419,123 | 1,393,736 | 1,360,037 | 1,278,592 | 1,230,328 | 1,229,432 | 1,174,769 | 1,194,697 | 1,190,539 | 1,164,954 |
| Inventory | US$ in thousands | 120,440 | 99,021 | 93,857 | 89,134 | 139,690 | 218,046 | 222,122 | 244,331 | 243,286 | 244,798 | 274,863 | 246,873 | 155,060 | 147,739 | 134,514 | 77,752 | 69,963 | 81,304 | 73,751 | 93,323 |
| Inventory turnover | 12.49 | 15.97 | 16.90 | 18.65 | 12.02 | 7.38 | 7.74 | 6.70 | 6.37 | 6.24 | 5.16 | 5.65 | 8.77 | 8.65 | 9.15 | 15.81 | 16.79 | 14.69 | 16.14 | 12.48 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,504,487K ÷ $120,440K
= 12.49
ePlus inc's inventory turnover ratio, which measures how efficiently the company manages its inventory, has shown some fluctuations over the analyzed period.
From June 30, 2020, to September 30, 2021, the inventory turnover increased steadily from 12.48 to 16.14, indicating that the company was selling its inventory more frequently during this period.
However, from September 30, 2021, to June 30, 2022, the inventory turnover experienced a significant decline, dropping from 9.15 to 5.65. This suggests that ePlus inc may have faced challenges in managing its inventory or experienced a slowdown in sales during this period.
Subsequently, from June 30, 2022, to June 30, 2024, the inventory turnover ratio gradually increased again, reaching a peak of 18.65 on June 30, 2024. This uptrend indicates improved efficiency in inventory management and potentially higher sales volume for the company.
Lastly, from June 30, 2024, to March 31, 2025, the inventory turnover ratio decreased to 9.57. This decline could indicate a decrease in sales relative to the inventory levels, which may warrant further examination to understand the reasons behind this trend.
Overall, the trend in ePlus inc's inventory turnover ratio reflects fluctuations in the efficiency of its inventory management and sales performance, which can provide insights into the company's operational effectiveness and potential areas for improvement.
Peer comparison
Mar 31, 2025
Mar 31, 2025