Triumph Group Inc (TGI)
Inventory turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 967,556 | 988,033 | 963,075 | 909,745 | 941,412 | 955,198 | 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 | 2,307,393 | 2,488,539 | 2,678,145 | 2,803,660 |
| Inventory | US$ in thousands | 317,671 | 352,188 | 434,381 | 429,386 | 309,084 | 400,467 | 398,075 | 379,929 | 361,692 | 394,532 | 387,906 | 412,663 | 400,366 | 446,208 | 465,800 | 467,105 | 452,976 | 473,863 | 454,402 | 470,448 |
| Inventory turnover | 3.05 | 2.81 | 2.22 | 2.12 | 3.05 | 2.39 | 2.51 | 2.77 | 2.97 | 2.91 | 3.24 | 3.33 | 3.69 | 3.75 | 4.03 | 4.54 | 5.09 | 5.25 | 5.89 | 5.96 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $967,556K ÷ $317,671K
= 3.05
Triumph Group Inc's inventory turnover has shown some fluctuations over the past several quarters. The inventory turnover ratio measures how efficiently the company is able to sell its inventory during a specific period. A higher inventory turnover generally indicates that the company is selling its products quickly, which can be a positive sign.
Looking at the data provided, Triumph Group Inc's inventory turnover has ranged from a low of 2.12 in June 2023 to a high of 5.96 in June 2019. The company's inventory turnover has generally been above 2, with some quarters showing values exceeding 3 and even approaching 6.
It is important to note that a declining inventory turnover ratio, such as the decrease from 3.24 in September 2021 to 2.12 in June 2023, may indicate potential issues, such as slow-moving inventory, overstocking, or difficulties in selling products. On the other hand, an increasing inventory turnover ratio, such as the increase from 2.51 in September 2022 to 5.96 in June 2019, may suggest improved efficiency in inventory management and sales.
Overall, while Triumph Group Inc has experienced fluctuations in its inventory turnover ratio over the quarters provided, the company's inventory turnover has generally been at a reasonable level, reflecting efficient inventory management practices.
Peer comparison
Mar 31, 2024
Mar 31, 2024