Kimball International (Kimball International) Inventory Turnover : 1.07 (As of Mar. 2023)

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What is Kimball International Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Kimball International's Cost of Goods Sold for the three months ended in Mar. 2023 was $103.7 Mil. Kimball International's Average Total Inventories for the quarter that ended in Mar. 2023 was $97.2 Mil. Kimball International's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kimball International's Days Inventory for the three months ended in Mar. 2023 was 85.55.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Kimball International's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.59.

Kimball International Inventory Turnover Historical Data

The historical data trend for Kimball International's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kimball International Inventory Turnover Chart

Kimball International Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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12.09

11.90

9.87

7.42

5.97

Kimball International Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															1.62	1.28	1.16	1.11	1.07

Kimball International Inventory Turnover Calculation

Kimball International's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	454.571	/ (	(54.291	+	97.969)	/	2 )
=	454.571	/	76.13
=	5.97

Kimball International's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	103.705	/ (	(104.812	+	89.633)	/	2 )
=	103.705	/	97.2225
=	1.07

Kimball International (NAS:KBAL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kimball International's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	97.2225	/	103.705	*	365 / 4
	=	85.55

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Kimball International's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	97.2225	/	166.184
	=	0.59

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Kimball International Inventory Turnover Related Terms

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Kimball International (Kimball International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Kimball International Inc (NAS:KBAL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1600 Royal Street, Jasper, IN, USA, 47546-2256

Website

https://www.kimballinternational.com

Kimball International Inc operates in the omnichannel commercial furnishing business. The company specializes in making furniture for the workplace, health, and hospitality markets. The workplace market area includes commercial, education, government, and financial segments and eBusiness. The company's furniture brand portfolio comprises Kimball, National, Interwoven, Kimball Hospitality, D'style, and Poppin.

Executives

Christopher M Robison	officer: INTERIM PRESIDENT POPPIN	C/O KIMBALL INTERNATIONAL, INC., 1600 ROYAL STREET, JASPER IN 47546-225
Willi Candra	officer: Chief Digital & Info Officer	C/O KIMBALL INTERNATIONAL, INC., 1600 ROYAL STREET, JASPER IN 47546-225
Timothy J Wolfe	officer: EVP & CFO	1600 ROYAL STREET, JASPER IN 47546
Michael J. Roch	officer: EVP, CCO, Workplace and Health	C/O KIMBALL INTERNATIONAL, INC., 1600 ROYAL STREET, JASPER IN 47546
Kourtney L Smith	officer: EVP	1600 ROYAL STREET, JASPER IN 47549
Darren S Gress	other: CORPORATE CONTROLLER	1600 ROYAL STREET, JASPER IN 47549
Valerie R Love	director	1600 ROYAL STREET, JASPER IN 47546
Timothy J Jahnke	director	115 ANSLEY WAY, ROSWELL GA 30075
Susan B Frampton	director	1600 ROYAL ST, JASPER IN 47549
Scott M Settersten	director	1000 REMINGTON BLVD., SUITE 120, BOLINGBROOK IL 60440
Geoffrey L Stringer	director	1600 ROYAL ST, JASPER IN 47549
Patrick E Connolly	director	1600 ROYAL ST, JASPER IN 47549
Kimberly K Ryan	director	ONE BATESVILLE BOULEVARD, BATESVILLE IN 47006
Thomas J Tischhauser	director	1600 ROYAL STREET, JASPER IN 47549
Michelle Rene Schroeder	officer: EVP, CHIEF FINANCIAL OFFICER	1600 ROYAL STREET, JASPER IN 47549