Post Holdings Inc (POST)
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 | 5,351,200 | 5,109,300 | 4,901,800 | 4,704,200 | 4,529,300 | 4,383,700 | 4,220,600 | 3,939,800 | 3,746,100 | 3,742,900 | 3,040,800 | 3,061,000 | 3,278,900 | 3,261,600 | 3,930,900 | 4,008,400 | 3,889,500 | 3,889,000 | 4,053,400 | 4,226,200 |
| Inventory | US$ in thousands | 824,800 | 789,900 | 779,300 | 594,300 | 596,600 | 549,100 | 524,500 | 517,500 | 621,600 | 476,600 | 670,100 | 639,700 | 584,400 | 599,400 | 609,600 | 569,000 | 588,200 | 579,800 | 560,600 | 555,100 |
| Inventory turnover | 6.49 | 6.47 | 6.29 | 7.92 | 7.59 | 7.98 | 8.05 | 7.61 | 6.03 | 7.85 | 4.54 | 4.79 | 5.61 | 5.44 | 6.45 | 7.04 | 6.61 | 6.71 | 7.23 | 7.61 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,351,200K ÷ $824,800K
= 6.49
Post Holdings Inc's inventory turnover has been relatively stable over the past quarters, ranging from 6.02 to 8.94. The company achieved its highest inventory turnover in Q3 2022 and Q4 2022, with ratios of 8.92 and 8.94, respectively. This indicates that Post Holdings effectively managed its inventory during those periods, generating sales at a faster rate compared to holding inventory.
However, there was a slight decline in inventory turnover in subsequent quarters, with ratios dropping to 6.49 in Q1 2024 and 6.47 in Q4 2023. This may suggest a potential slowdown in sales relative to the level of inventory in those periods, potentially indicating inefficiencies in inventory management or potential challenges in sales.
Overall, while Post Holdings Inc has demonstrated strong inventory turnover historically, it is important for the company to closely monitor and address any declines in inventory turnover to ensure efficient use of its resources and optimize its financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023