Trimble Inc (TRMB)
Inventory turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,292,300 | 1,393,300 | 1,433,700 | 1,526,500 | 1,494,700 | 1,464,200 | 1,466,600 | 1,492,500 | 1,582,000 | 1,643,100 | 1,670,500 | 1,675,300 | 1,624,400 | 1,571,100 | 1,526,600 | 1,434,700 | 1,392,800 | 1,395,600 | 1,405,100 | 1,471,400 |
| Inventory | US$ in thousands | 194,300 | 192,100 | 223,100 | 230,000 | 235,700 | 257,200 | 371,400 | 409,400 | 402,500 | 391,100 | 371,700 | 401,000 | 363,300 | 323,400 | 298,500 | 298,700 | 301,700 | 318,500 | 338,600 | 327,200 |
| Inventory turnover | 6.65 | 7.25 | 6.43 | 6.64 | 6.34 | 5.69 | 3.95 | 3.65 | 3.93 | 4.20 | 4.49 | 4.18 | 4.47 | 4.86 | 5.11 | 4.80 | 4.62 | 4.38 | 4.15 | 4.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,292,300K ÷ $194,300K
= 6.65
The inventory turnover ratio for Trimble Inc has displayed fluctuations over the past few years. The ratio indicates how many times the company's inventory is sold and replaced within a given period. In March 2020, the inventory turnover was 4.50, showing a moderate turnover rate. It decreased slightly to 4.15 by June 2020 before gradually increasing to 4.80 by March 2021.
The trend continued with a peak of 7.25 in September 2024, indicating a significant improvement in inventory turnover efficiency. However, the ratio declined to 6.65 by December 2024. The general pattern suggests an overall positive trend in managing inventory efficiently.
An inventory turnover ratio can reflect how well a company manages its inventory levels and measures its ability to convert inventory into sales. A higher ratio generally indicates that the company is selling goods quickly and efficiently, while a lower ratio may suggest excess inventory or slow-moving stock. Trimble Inc's inventory turnover has shown variations but appears to have improved overall, reflecting effective inventory management practices.
Peer comparison
Dec 31, 2024
Dec 31, 2024