Standex International Corporation (SXI)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 479,506 | 454,889 | 438,432 | 426,802 | 438,550 | 442,470 | 447,012 | 455,744 | 455,952 | 459,434 | 466,899 | 468,367 | 465,393 | 457,837 | 446,453 | 427,783 | 414,960 | 396,801 | 390,244 | 416,109 |
| Inventory | US$ in thousands | 129,994 | 119,966 | 103,984 | 90,121 | 87,106 | 95,170 | 98,592 | 98,290 | 98,537 | 104,516 | 105,698 | 109,639 | 105,339 | 103,930 | 102,223 | 100,082 | 91,862 | 90,868 | 90,710 | 92,174 |
| Inventory turnover | 3.69 | 3.79 | 4.22 | 4.74 | 5.03 | 4.65 | 4.53 | 4.64 | 4.63 | 4.40 | 4.42 | 4.27 | 4.42 | 4.41 | 4.37 | 4.27 | 4.52 | 4.37 | 4.30 | 4.51 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $479,506K ÷ $129,994K
= 3.69
The inventory turnover of Standex International Corporation over the specified period exhibits a pattern of fluctuations with an overall tendency towards improvement in recent quarters. Beginning in September 2020, the ratio stood at 4.51, experiencing slight declines and increases through the subsequent quarters. Notably, there was a downward trend from September 2020 through December 2021, reaching as low as approximately 4.27-4.37 during that timeframe, which suggests a modest accumulation of inventory relative to sales.
From early 2022 onward, the inventory turnover displayed a gradual upward trajectory, indicating a trend toward more efficient inventory management. By June 2023, the ratio had increased to 4.63, and further improved to 4.74 by September 2023. The most recent data indicates a peak at 5.03 in June 2024, implying a significant enhancement in inventory turnover efficiency. Subsequently, a slight decline is observed, with the ratio decreasing to 4.22 by December 2024, followed by a substantial decrease to 3.69 in June 2025, suggesting a potential slowdown in turnover or increased inventory holdings relative to sales.
Overall, the pattern indicates periods of stabilization and growth in inventory management efficiency, particularly in the last year, characterized by a peak in mid-2024 followed by a decline. The movements reflect the company's efforts to optimize inventory levels in relation to sales volumes over time.
Peer comparison
Jun 30, 2025
Jun 30, 2025