Sandisk Corp (SNDK)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,143,000 | 5,591,000 | 5,656,000 | 6,510,000 | 3,307,800 |
| Inventory | US$ in thousands | 2,079,000 | 1,955,000 | 2,269,000 | 1,992,000 | 809,395 |
| Inventory turnover | 2.47 | 2.86 | 2.49 | 3.27 | 4.09 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,143,000K ÷ $2,079,000K
= 2.47
The inventory turnover ratios of Sandisk Corp over the period from December 31, 2015, to June 30, 2025, indicate notable fluctuations in inventory management efficiency. At the close of 2015, the ratio stood at 4.09, suggesting a relatively efficient inventory turnover, with the company selling and replacing its inventory more than four times annually.
By June 30, 2022, the ratio had decreased to 3.27, reflecting a moderate decline in inventory turnover. This trend continued into 2023, with the ratio falling further to 2.49 as of June 30, 2023, indicating a slowdown in inventory sales relative to inventory held. The reduced turnover could imply increased inventory levels, slower sales, or a strategic change in inventory management.
However, there was a partial recovery observed in the subsequent period, with the ratio increasing to 2.86 by June 30, 2024. This suggests an improvement in inventory activity, albeit still below the levels observed in 2015. The ratio then marginally declined again to 2.47 as of June 30, 2025, representing a slight decrease in inventory turnover efficiency compared to the previous year.
Overall, the trend over this period demonstrates a decline in inventory turnover from 2015 to 2023, with periods of partial recovery thereafter. The consistent decrease from 4.09 to 2.49 indicates a potential buildup of inventory or slower sales cycle, which may warrant further analysis into inventory management strategies and sales performance to assess implications for liquidity and operational efficiency.
Peer comparison
Jun 30, 2025