Triumph Group Inc (TGI)
Inventory turnover
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 620,377 | 878,399 | 872,962 | 941,463 | 975,120 | 988,034 | 1,013,263 | 959,933 | 991,599 | 1,005,385 | 997,512 | 1,051,785 | 1,073,063 | 1,147,939 | 1,256,364 | 1,376,101 | 1,476,266 | 1,673,310 | 1,878,839 | 2,119,003 |
| Inventory | US$ in thousands | 357,323 | 391,317 | 393,824 | 358,681 | 317,671 | 352,188 | 434,381 | 429,386 | 389,245 | 400,467 | 398,075 | 379,929 | 361,692 | 394,532 | 387,906 | 412,663 | 400,366 | 446,208 | 465,800 | 467,105 |
| Inventory turnover | 1.74 | 2.24 | 2.22 | 2.62 | 3.07 | 2.81 | 2.33 | 2.24 | 2.55 | 2.51 | 2.51 | 2.77 | 2.97 | 2.91 | 3.24 | 3.33 | 3.69 | 3.75 | 4.03 | 4.54 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $620,377K ÷ $357,323K
= 1.74
Triumph Group Inc's inventory turnover has shown a gradual decline over the past few years, indicating a decrease in the efficiency of managing and selling inventory. The trend started at 4.54 times in June 2020 and decreased to 2.24 times by June 30, 2023. However, there was a slight improvement to 3.07 times by March 31, 2024, before dropping again to 2.24 times by December 31, 2024. Notably, there was no data available for March 31, 2025.
Overall, the decreasing trend in inventory turnover suggests potential issues such as overstocking, slow-moving inventory, or difficulties in converting inventory into sales. The company may need to review its inventory management practices to improve efficiency and optimize working capital utilization.
Peer comparison
Mar 31, 2025
Mar 31, 2025