Western Digital Corporation (WDC)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,551,000 | 12,229,000 | 14,965,000 | 14,746,000 | 15,723,000 |
| Inventory | US$ in thousands | 3,342,000 | 3,698,000 | 3,638,000 | 3,616,000 | 3,070,000 |
| Inventory turnover | 3.46 | 3.31 | 4.11 | 4.08 | 5.12 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $11,551,000K ÷ $3,342,000K
= 3.46
The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period. Western Digital Corporation's inventory turnover has shown some fluctuations over the past five years.
In 2024, the inventory turnover ratio was 3.46, which indicates that on average, the company sold and replaced its inventory approximately 3.46 times during the year. This represents a slight improvement compared to the previous year's ratio of 3.31.
In 2022, the inventory turnover ratio was 4.11, showing a higher efficiency in managing inventory compared to 2023. However, in 2021 and 2020, the inventory turnover ratios were 4.08 and 5.12, respectively, indicating better performance in inventory management during those years.
Overall, the trend in inventory turnover for Western Digital Corporation has been somewhat fluctuating, with some years showing better efficiency in managing inventory turnover than others. This can be a key metric to monitor for the company's operational efficiency and inventory management practices.
Peer comparison
Jun 30, 2024