Sally Beauty Holdings Inc (SBH)
Inventory turnover
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 | Mar 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 3,437,477 | 3,427,647 | 3,398,003 | 3,396,595 | 3,407,134 | 3,512,784 | 3,534,335 | 3,512,090 | 3,507,054 | 3,438,375 | 3,471,704 | 3,498,196 | 3,463,054 | 3,422,722 | 3,232,208 | 3,209,749 | 3,262,170 | 3,274,554 | 3,424,428 | 3,436,524 |
Inventory | US$ in thousands | 1,036,620 | 1,022,380 | 1,039,750 | 1,007,630 | 975,218 | 996,404 | 1,023,660 | 986,878 | 936,374 | 1,014,620 | 962,563 | 1,005,840 | 871,349 | 935,427 | 949,695 | 895,984 | 814,503 | 815,632 | 946,189 | 991,839 |
Inventory turnover | 3.32 | 3.35 | 3.27 | 3.37 | 3.49 | 3.53 | 3.45 | 3.56 | 3.75 | 3.39 | 3.61 | 3.48 | 3.97 | 3.66 | 3.40 | 3.58 | 4.01 | 4.01 | 3.62 | 3.46 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,437,477K ÷ $1,036,620K
= 3.32
Sally Beauty Holdings Inc's inventory turnover ratio has been relatively stable over the past few quarters, ranging between 3.27 and 4.01 times. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring the number of times the company sells and replaces its inventory during a specific period.
A higher inventory turnover ratio is generally preferred as it signifies that the company is selling its inventory quickly and efficiently. Sally Beauty Holdings Inc's inventory turnover ratios, ranging from 3.27 to 4.01 times, indicate that the company is effectively managing its inventory levels.
It's important to note that a consistent inventory turnover ratio can also indicate that Sally Beauty Holdings Inc has a good understanding of its customer demand and manages its inventory levels judiciously to avoid overstocking or stockouts. Analyzing inventory turnover ratios over multiple quarters provides insight into the company's inventory management practices and operational efficiency.
Peer comparison
Sep 30, 2024
Sep 30, 2024