Triumph Group Inc (TGI)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 863,826 | 869,201 | 991,599 | 1,073,060 | 1,476,270 |
| Inventory | US$ in thousands | 357,323 | 317,671 | 389,245 | 361,692 | 400,366 |
| Inventory turnover | 2.42 | 2.74 | 2.55 | 2.97 | 3.69 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $863,826K ÷ $357,323K
= 2.42
Triumph Group Inc's inventory turnover ratio has exhibited a decreasing trend over the past five years, declining from 3.69 in March 2021 to 2.42 in March 2025. This indicates that the company is turning over its inventory at a slower rate in recent years.
A lower inventory turnover ratio could suggest inefficiencies in inventory management, such as overstocking, slow-moving inventory, or obsolete inventory. It may also indicate that the company is facing challenges in selling its products effectively or efficiently.
It is important for Triumph Group Inc to closely monitor its inventory turnover ratio and take necessary steps to optimize its inventory management practices to improve operational efficiency and profitability. Strategies such as better demand forecasting, efficient supply chain management, and liquidation of excess inventory could help the company improve its inventory turnover in the future.
Peer comparison
Mar 31, 2025