Standex International Corporation (SXI)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 619,055 | 641,318 | 650,800 | 601,843 | 389,080 |
| Inventory | US$ in thousands | 87,106 | 98,537 | 105,339 | 91,862 | 85,031 |
| Inventory turnover | 7.11 | 6.51 | 6.18 | 6.55 | 4.58 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $619,055K ÷ $87,106K
= 7.11
Standex International Corporation's inventory turnover has shown a consistent upward trend over the past five years, with values of 4.58 in 2020, 6.55 in 2021, 6.18 in 2022, 6.51 in 2023, and reaching 7.11 in 2024. This indicates the company's ability to efficiently manage its inventory levels and convert inventory into sales. A higher inventory turnover ratio generally suggests that the company is effectively selling its products and replenishing its inventory quickly. Standex International Corporation's improving inventory turnover ratio reflects a positive operational efficiency in managing its inventory assets.
Peer comparison
Jun 30, 2024