Valvoline Inc (VVV)
Inventory turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,351,100 | 1,168,500 | 1,042,000 | 2,422,000 | 1,877,000 |
| Inventory | US$ in thousands | 39,700 | 33,300 | 29,400 | 27,400 | 199,000 |
| Inventory turnover | 34.03 | 35.09 | 35.44 | 88.39 | 9.43 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,351,100K ÷ $39,700K
= 34.03
The inventory turnover of Valvoline Inc has demonstrated fluctuations over the past five years, with values ranging from 9.43 to 88.39. The highest inventory turnover was observed in the fiscal year ending on September 30, 2021, indicating that the company efficiently managed its inventory levels relative to cost of goods sold during that period. In contrast, the lowest inventory turnover occurred in the fiscal year ending on September 30, 2020, suggesting potential challenges in managing inventory efficiently during that period. Overall, the trend shows variability in managing inventory levels, and further analysis is required to understand the factors contributing to these fluctuations in inventory turnover ratios.
Peer comparison
Sep 30, 2024