Spire Inc (SR)

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	309,000	304,400	297,300	291,000	286,100	251,100	247,200	243,500	238,300	233,100	225,800	905,000	1,360,700	1,326,600	1,422,100	1,399,500	1,453,800	1,610,600	1,695,200	1,471,900
Inventory	US$ in thousands	263,900	230,100	214,800	276,600	279,500	243,100	204,300	372,700	422,300	300,300	168,300	325,600	305,000	216,400	180,000	184,500	191,500	148,600	127,100	185,600
Inventory turnover		1.17	1.32	1.38	1.05	1.02	1.03	1.21	0.65	0.56	0.78	1.34	2.78	4.46	6.13	7.90	7.59	7.59	10.84	13.34	7.93

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $309,000K ÷ $263,900K
= 1.17

The inventory turnover ratio for Spire Inc demonstrates fluctuations over the periods indicated in the table.

In recent quarters, from Sep 30, 2024, to Jun 30, 2023, the inventory turnover ranged between 1.02 and 1.38. This indicates that the company's inventory was sold and replaced between 1.02 to 1.38 times during these periods.

However, a significant change is observed prior to these quarters. In Dec 31, 2022, and Sep 30, 2022, the inventory turnover was notably lower at 0.65 and 0.56, respectively. This suggests that the company may have faced challenges in efficiently managing its inventory during these periods.

Conversely, the inventory turnover ratio spiked in the quarters ended Dec 31, 2021, and Sep 30, 2021, with ratios of 4.46 and 6.13, respectively. Such high ratios indicate that the company had a faster inventory turnover, which can be a positive sign of effective inventory management and sales performance.

Overall, analyzing the inventory turnover ratio provides insight into Spire Inc's efficiency in managing inventory levels and turning them into sales, with the company experiencing fluctuations in its inventory turnover performance over the periods reviewed.