Woodward Inc (WWD)

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 2,792,900 2,723,283 2,693,684 2,656,560 2,556,151 2,453,641 2,319,260 2,171,191 2,096,999 2,026,517 1,971,530 1,954,350 1,931,348 1,901,813 1,901,876 1,996,702 2,173,184 1,724,359 1,869,410 1,926,407
Inventory US$ in thousands 609,092 614,981 580,377 559,673 517,843 531,834 567,784 573,834 514,287 503,664 484,933 451,834 419,971 427,492 422,321 445,463 437,943 505,943 530,906 520,266
Inventory turnover 4.59 4.43 4.64 4.75 4.94 4.61 4.08 3.78 4.08 4.02 4.07 4.33 4.60 4.45 4.50 4.48 4.96 3.41 3.52 3.70

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,792,900K ÷ $609,092K
= 4.59

Woodward Inc's inventory turnover ratio has exhibited some fluctuations over the past several quarters. The inventory turnover ratio measures how many times a company's inventory is sold and replaced within a given period.

Looking at the data, we see that Woodward's inventory turnover has ranged from a low of 3.41 to a high of 4.96 over the last few years. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory by rapidly selling products or raw materials and restocking them.

It is worth noting that the company's inventory turnover ratio has shown some variability, suggesting potential changes in sales patterns, production efficiency, or inventory management practices. Overall, Woodward Inc's inventory turnover ratio has been generally stable, hovering around the 4.00 mark, indicating a healthy balance between inventory management and sales performance.

Further analysis of the company's inventory turnover trends in comparison to industry benchmarks and other financial metrics would provide a more comprehensive understanding of Woodward Inc's performance in managing its inventory efficiently.