WD-40 Company (WDFC)
Inventory turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 460,043 | 446,354 | 436,230 | 427,098 | 418,724 | 412,107 | 402,368 | 399,960 | 404,147 | 359,582 | 324,868 | 275,119 | 224,370 | 216,982 | 198,232 | 194,781 | 185,481 | 185,133 | 191,842 | 190,572 |
| Inventory | US$ in thousands | 79,088 | 76,576 | 78,029 | 81,603 | 86,522 | 95,326 | 108,565 | 119,067 | 104,101 | 95,993 | 75,537 | 67,875 | 55,752 | 47,768 | 44,539 | 41,772 | 41,264 | 42,970 | 42,960 | 43,703 |
| Inventory turnover | 5.82 | 5.83 | 5.59 | 5.23 | 4.84 | 4.32 | 3.71 | 3.36 | 3.88 | 3.75 | 4.30 | 4.05 | 4.02 | 4.54 | 4.45 | 4.66 | 4.49 | 4.31 | 4.47 | 4.36 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $460,043K ÷ $79,088K
= 5.82
The inventory turnover ratio for WD-40 Company has shown some fluctuations over the past few years. The ratio indicates how efficiently the company is managing its inventory by measuring how many times a company sells and replaces its inventory during a period.
From November 2019 to August 2024, WD-40 Company's inventory turnover ratio has ranged from 3.36 to 5.83. A higher turnover ratio generally indicates that the company is selling its inventory quickly and efficiently.
The company's inventory turnover peaked at 5.83 in May 2024, suggesting that WD-40 Company was able to sell and replace its inventory 5.83 times during that period. This indicates effective inventory management by the company.
Overall, the trend in WD-40 Company's inventory turnover ratio shows improvement over the years, with some variability. It is important for the company to continue monitoring and managing its inventory levels effectively to ensure optimal performance and profitability.
Peer comparison
Aug 31, 2024
Aug 31, 2024