Textron Inc (TXT)
Inventory turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,439,000 | 3,333,000 | 3,295,000 | 3,284,000 | 998,000 | 1,007,000 | 1,044,000 | 1,100,000 | 1,113,000 | -5,876,000 | -3,550,000 | -3,770,000 | -1,360,000 | 9,067,000 | 9,472,000 | 12,322,000 | 12,509,000 | 11,839,000 | 11,552,000 | 11,720,000 |
| Inventory | US$ in thousands | 3,914,000 | 4,207,000 | 4,108,000 | 3,934,000 | 3,550,000 | 3,817,000 | 3,739,000 | 3,663,000 | 3,468,000 | 3,670,000 | 3,664,000 | 3,705,000 | 3,513,000 | 4,252,000 | 4,262,000 | 4,385,000 | 4,069,000 | 4,436,000 | 4,311,000 | 4,047,000 |
| Inventory turnover | 0.88 | 0.79 | 0.80 | 0.83 | 0.28 | 0.26 | 0.28 | 0.30 | 0.32 | -1.60 | -0.97 | -1.02 | -0.39 | 2.13 | 2.22 | 2.81 | 3.07 | 2.67 | 2.68 | 2.90 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,439,000K ÷ $3,914,000K
= 0.88
The inventory turnover ratio of Textron Inc has shown fluctuating trends over the past several quarters. The inventory turnover ratio measures how efficiently a company is managing its inventory by indicating how many times the inventory is sold or replaced over a specific period.
From Dec 31, 2019, to Jun 30, 2021, the inventory turnover ratio was consistently positive, indicating that Textron Inc was effectively managing its inventory during this period.
However, there were significant negative values in the inventory turnover ratio during Sep 30, 2021, to Mar 31, 2022. Negative inventory turnover ratios suggest that the company's inventory levels were unusually high or that sales were declining during these quarters.
Textron Inc's inventory turnover ratio improved from Mar 31, 2022, to Dec 31, 2023, indicating better inventory management efficiency. The upward trend in the latter quarters suggests that Textron Inc may have adjusted its inventory levels and sales strategies to improve efficiency in managing its inventory.
Overall, Textron Inc's inventory turnover ratios have shown variability, highlighting potential fluctuations in sales and inventory management practices that investors and analysts may need to monitor closely.
Peer comparison
Dec 31, 2023
Dec 31, 2023