Valvoline Inc (VVV)
Inventory turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,351,100 | 1,275,400 | 1,235,700 | 1,201,300 | 1,168,500 | -408,500 | 105,700 | 585,700 | 1,067,000 | 2,995,000 | 2,841,000 | 2,646,000 | 2,413,000 | 1,734,000 | 1,506,000 | 1,396,000 | 1,368,000 | 1,321,000 | 1,414,000 | 1,453,000 |
| Inventory | US$ in thousands | 39,700 | 40,200 | 37,500 | 31,500 | 33,300 | 34,100 | 33,500 | 31,200 | 29,400 | 306,000 | 276,000 | 264,000 | 27,400 | 247,000 | 218,000 | 213,000 | 199,000 | 189,000 | 209,000 | 194,000 |
| Inventory turnover | 34.03 | 31.73 | 32.95 | 38.14 | 35.09 | -11.98 | 3.16 | 18.77 | 36.29 | 9.79 | 10.29 | 10.02 | 88.07 | 7.02 | 6.91 | 6.55 | 6.87 | 6.99 | 6.77 | 7.49 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,351,100K ÷ $39,700K
= 34.03
Valvoline Inc's inventory turnover ratio has fluctuated over the past several quarters. The inventory turnover ratio measures the efficiency with which the company manages its inventory levels. A higher ratio generally indicates that the company is selling goods more quickly and efficiently.
In the most recent quarter, the inventory turnover ratio was 34.03, suggesting that Valvoline Inc turned over its inventory approximately 34 times during that period. This is a positive sign of effective inventory management.
However, it's important to note the significant decrease in the ratio in the June 30, 2023 quarter, where the ratio was -11.98. A negative ratio indicates that the company may have had issues with managing and selling its inventory efficiently during that period.
Overall, the trend in Valvoline Inc's inventory turnover ratio shows some fluctuations, but the recent quarters indicate a more effective management of inventory levels. It's essential for the company to continue monitoring and improving its inventory turnover ratio to ensure optimal efficiency and profitability.
Peer comparison
Sep 30, 2024
Sep 30, 2024