Triumph Group Inc (TGI)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 869,201 | 809,882 | 1,073,060 | 1,476,270 | 2,307,390 |
| Inventory | US$ in thousands | 317,671 | 309,084 | 361,692 | 400,366 | 452,976 |
| Inventory turnover | 2.74 | 2.62 | 2.97 | 3.69 | 5.09 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $869,201K ÷ $317,671K
= 2.74
Triumph Group Inc's inventory turnover has shown a declining trend over the past five years, dropping from 5.09 in 2020 to 2.74 in 2024. This indicates that the company's efficiency in managing its inventory and converting it into sales has decreased over the period. A lower inventory turnover may suggest either excess inventory levels or potential issues with sales performance and demand forecasting. Further investigation into the root causes of the decreasing inventory turnover rate is warranted to identify strategies for improvement in inventory management practices and overall operational efficiency.
Peer comparison
Mar 31, 2024