Universal Corporation (UVV)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,551,930 | 2,411,790 | 1,963,020 | 1,851,680 | 1,785,350 |
| Inventory | US$ in thousands | 193,518 | 202,907 | 194,161 | 145,965 | 99,275 |
| Inventory turnover | 13.19 | 11.89 | 10.11 | 12.69 | 17.98 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,551,930K ÷ $193,518K
= 13.19
Universal Corporation's inventory turnover has been fluctuating over the past five years, with the following trend: 17.98 in 2020, 12.69 in 2021, 10.11 in 2022, 11.89 in 2023, and 13.19 in 2024. A higher inventory turnover ratio indicates that the company is selling its inventory more frequently, which could signify efficient inventory management or stronger demand for its products. However, a rapidly increasing ratio could also indicate potential challenges in accurately forecasting demand or managing inventory levels. Overall, Universal Corporation's inventory turnover has shown variability, necessitating continued monitoring to ensure optimal inventory management practices.
Peer comparison
Mar 31, 2024