Thor Industries Inc (THO)
Inventory turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,620,270 | 9,809,700 | 9,912,950 | 10,031,480 | 10,536,870 | 11,413,180 | 12,844,310 | 14,047,210 | 14,780,650 | 14,592,860 | 13,636,660 | 12,674,410 | 11,410,160 | 10,289,570 | 8,701,570 | 8,096,640 | 7,791,680 | 7,811,250 | 8,599,190 | 7,902,220 |
| Inventory | US$ in thousands | 1,366,640 | 1,578,150 | 1,776,270 | 1,714,230 | 1,653,070 | 1,864,760 | 1,864,650 | 1,852,870 | 1,754,770 | 1,734,080 | 1,679,080 | 1,671,850 | 1,369,380 | 1,484,050 | 1,300,180 | 1,038,250 | 716,305 | 867,647 | 926,914 | 915,485 |
| Inventory turnover | 7.04 | 6.22 | 5.58 | 5.85 | 6.37 | 6.12 | 6.89 | 7.58 | 8.42 | 8.42 | 8.12 | 7.58 | 8.33 | 6.93 | 6.69 | 7.80 | 10.88 | 9.00 | 9.28 | 8.63 |
July 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,620,270K ÷ $1,366,640K
= 7.04
The inventory turnover for Thor Industries Inc has fluctuated over the past several periods, ranging from a low of 5.58 to a high of 10.88. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
In the most recent period, the inventory turnover stood at 7.04, which signifies that the company turned over its inventory approximately 7 times during the period. This indicates a moderate level of inventory management efficiency.
It's worth noting that the inventory turnover has demonstrated variability over time, potentially indicating changes in demand, production efficiencies, or inventory management strategies within the company. Further analysis of the trends and comparison with industry benchmarks would provide greater insights into the effectiveness of Thor Industries Inc's inventory management.
Peer comparison
Jul 31, 2024
Jul 31, 2024