Standex International Corporation (SXI)
Inventory turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 622,412 | 637,865 | 641,197 | 648,491 | 648,168 | 650,645 | 656,809 | 659,178 | 650,800 | 645,642 | 632,773 | 610,082 | 594,232 | 524,177 | 506,759 | 500,003 | 501,289 | 544,649 | 558,699 | 569,839 |
| Inventory | US$ in thousands | 87,106 | 95,170 | 98,592 | 98,290 | 98,537 | 104,516 | 105,698 | 98,537 | 105,339 | 103,930 | 102,223 | 100,082 | 91,862 | 90,868 | 90,710 | 92,174 | 85,031 | 85,274 | 108,513 | 98,359 |
| Inventory turnover | 7.15 | 6.70 | 6.50 | 6.60 | 6.58 | 6.23 | 6.21 | 6.69 | 6.18 | 6.21 | 6.19 | 6.10 | 6.47 | 5.77 | 5.59 | 5.42 | 5.90 | 6.39 | 5.15 | 5.79 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $622,412K ÷ $87,106K
= 7.15
Standex International Corporation's inventory turnover has been relatively stable over the past five years, ranging from 5.15 to 7.15. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
The company's inventory turnover ratio peaked at 7.15 on June 30, 2024, which suggests that Standex International Corporation was able to sell its inventory 7.15 times during that period. This may indicate effective inventory management and a faster inventory turnover cycle.
On the other hand, the lowest inventory turnover ratio of 5.15 was recorded on September 30, 2019. This lower ratio may indicate that the company was holding onto its inventory for a longer period before selling it, which could lead to increased carrying costs and potential obsolescence risks.
Overall, Standex International Corporation's inventory turnover ratios show a consistent effort to efficiently manage its inventory levels and sell products in a timely manner.
Peer comparison
Jun 30, 2024
Jun 30, 2024