Thor Industries Inc (THO)
Inventory turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,620,270 | 10,536,900 | 14,780,600 | 11,410,200 | 7,791,680 |
| Inventory | US$ in thousands | 1,366,640 | 1,653,070 | 1,754,770 | 1,369,380 | 716,305 |
| Inventory turnover | 7.04 | 6.37 | 8.42 | 8.33 | 10.88 |
July 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,620,270K ÷ $1,366,640K
= 7.04
The inventory turnover ratio of Thor Industries Inc has shown a fluctuating trend over the past five years. The ratio was 7.04 in the most recent fiscal year (ending July 31, 2024), which indicates that the company's inventory was turned over approximately 7.04 times during the year.
Compared to the previous year, the inventory turnover ratio has increased from 6.37 to 7.04, suggesting that Thor Industries Inc was more efficient in managing its inventory in the latest period. However, when compared to two years ago, the ratio has declined from 8.42 to 7.04.
Overall, Thor Industries Inc's inventory turnover ratios over the past five years demonstrate variability, with some improvements and declines. Efforts to monitor inventory levels and optimize inventory management processes may be necessary to maintain or improve efficiency in turning over inventory in the future.
Peer comparison
Jul 31, 2024