Post Holdings Inc (POST)
Inventory turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,109,300 | 4,383,700 | 3,552,600 | 3,261,600 | 3,889,000 |
| Inventory | US$ in thousands | 789,900 | 549,100 | 476,600 | 599,400 | 579,800 |
| Inventory turnover | 6.47 | 7.98 | 7.45 | 5.44 | 6.71 |
September 30, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,109,300K ÷ $789,900K
= 6.47
Based on the data provided, the inventory turnover for Post Holdings Inc has fluctuated over the past five years. The inventory turnover ratio measures the number of times a company's inventory is sold and replaced over a certain period. A higher turnover ratio generally indicates that the company is selling its inventory more effectively.
In the most recent fiscal year, ending on September 30, 2023, the inventory turnover ratio decreased to 6.47 from 7.98 the previous year. This decrease suggests that the company's inventory turnover has slowed down, as it took longer to sell and replace its inventory compared to the previous year. However, the turnover ratio remained relatively stable in comparison to earlier years, indicating consistent inventory management.
The fluctuation in the inventory turnover ratio over the years may be attributed to various factors, including changes in sales volumes, inventory management practices, and supply chain efficiencies. A thorough analysis of these factors would provide valuable insights into the company's operational performance and inventory management strategies.
Peer comparison
Sep 30, 2023