Standex International Corporation (SXI)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 489,471 | 438,634 | 455,952 | 465,393 | 414,971 |
| Inventory | US$ in thousands | 129,994 | 87,106 | 98,537 | 105,339 | 91,862 |
| Inventory turnover | 3.77 | 5.04 | 4.63 | 4.42 | 4.52 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $489,471K ÷ $129,994K
= 3.77
The inventory turnover ratio for Standex International Corporation has demonstrated fluctuations over the five-year period from June 30, 2021, to June 30, 2025. At the end of fiscal year 2021, the ratio was 4.52, indicating that the company sold and replaced its inventory approximately 4.5 times during that year. This ratio slightly declined to 4.42 in fiscal year 2022, suggesting a marginal slowdown in inventory movement.
Subsequently, there was an improvement in the inventory turnover to 4.63 in fiscal year 2023, reflecting a modest enhancement in inventory efficiency. The ratio further increased to 5.04 in fiscal year 2024, which signifies a notable acceleration in inventory turnover, suggesting that the company was more effectively managing its inventory levels and reducing the average holding period.
However, in fiscal year 2025, the ratio declined sharply to 3.77, indicating a significant decrease in inventory turnover. This decline could imply a slowdown in sales activity, increased inventory levels relative to sales, or potential issues with inventory management.
Overall, the trend exhibits some volatility, with periods of improvement interspersed with declines. The recent decrease in 2025 might warrant further investigation to understand underlying causes such as market demand shifts, inventory accumulation, or operational challenges. The historical pattern suggests that while inventory management has shown improvement in earlier years, recent trends point to potential concerns about inventory efficiency.
Peer comparison
Jun 30, 2025