Standex International Corporation (SXI)

The analysis of Standex International Corporation’s days of inventory on hand (DOH) over the specified periods reveals a trend of variability in inventory management efficiency. As of June 30, 2021, the DOH was approximately 80.80 days, indicating that, on average, inventory remained in stock for nearly 81 days before being sold. This figure increased slightly to 82.62 days by June 30, 2022, suggesting a marginal elongation in inventory turnover period.

Following this period, a notable improvement is observed: the DOH decreased to approximately 78.88 days as of June 30, 2023. This reduction may reflect enhanced inventory management practices or adjustments in sales strategies leading to faster inventory turnover. The downward trend continued into the subsequent fiscal year, with the DOH decreasing further to 72.48 days by June 30, 2024, which indicates a significant improvement in inventory efficiency, reducing the average holding period by about ten days compared to the prior year.

However, in the subsequent year, the DOH experienced a substantial increase to approximately 96.94 days as of June 30, 2025. This sharp rise suggests a deterioration in inventory management efficiency, with inventory being held for significantly longer periods than in the previous fiscal year. Possible factors could include inventory buildup due to lower sales, supply chain disruptions, or strategic inventory positioning.

Overall, the trend from 2021 through 2024 shows an initial period of stability and subsequent improvement in inventory turnover efficiency, followed by a notable decline in 2025. These fluctuations reflect changes in operational practices, market conditions, or strategic decisions impacting inventory levels and turnover rates. A comprehensive assessment would consider these ratios alongside sales, production, and supply chain dynamics to understand their underlying causes fully.

Peer comparison

Jun 30, 2025