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Insteel Industries Inc  (IIIN)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 

Insteel Industries Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Insteel Industries Inc inventory turnover ratio, the Insteel Industries Inc's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 4.7 in the first quarter 2023, yet the ratio remained below the average, as IIIN's market remain challenging.Average inventory processing period, for the Insteel Industries Inc in Dec 30 2023 quarter, has decreased to 78 days, compare to 80 days, in the Sep 30 2023 quarter.

Within Basic Materials sector 77 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the First Quarter 2024 compared to previous quarter at no. 112.

IIIN Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Insteel Industries Inc Market Share?

What is Inventory Turnover Ratio?


IIIN Inventory Turnover Ratio (Dec 30 2023)
I. Quarter
(Sep 30 2023)
IV. Quarter
(Jul 01 2023)
III. Quarter
(Apr 01 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
Y / Y Inventory Growth -31.03 % -46.32 % 4.78 % 67.36 % 67.36 %
Y / Y Cost of Sales Growth -22.88 % -15.58 % -6.91 % 53.47 % 9.57 %
Inventory Turnover Ratio (TTM) 4.7 4.58 4.07 4.19 4.24
IIIN's Total Ranking # 112 # 112 # 36 # 1079 # 991
Average inventory processing period 78 80 90 87 86
Seq. Inventory Growth -8.87 % -22.4 % -2.47 % 0 % -29.08 %
Seq. Cost of Sales Growth -19.44 % -1.79 % -0.3 % -2.23 % -11.81 %



Inventory Turnover Ratio Company Ranking
Within: No.
Iron & Steel Industry # 7
Basic Materials Sector # 78
Overall Market # 112

Inventory Turnover Ratio Statistics
High Average Low
6.69 5.08 3.88
(Jul 03 2021)   (Jun 29 2019)




Financial Statements
Insteel Industries Inc's Inventories $ 94 Millions Visit IIIN's Balance sheet
Insteel Industries Inc's Cost of Revenues TTM $ 549 Millions Visit IIIN's Income Statement
What are IIIN's Sales? Visit IIIN's Sales by Segment

Other Inventory Turnover Ratios
Insteel Industries Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Iron & Steel Industry Inventory Turnover Trends and Statistics
Basic Materials Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
IIIN's Inventory Turnover Ratio versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for IIIN's Competitors
Inventory Turnover Ratio for IIIN's Suppliers
Inventory Turnover Ratio for IIIN's Customers

You may also want to know
IIIN's Sales Growth Rates IIIN's Pe Price to earnings ratio IIIN's Receivables Turnover Ratio IIIN's Stock Quote
IIIN's Net Income Growth Rates IIIN's Ps Price to Sales ratio IIIN's Sales per Employee IIIN's Asset Turnover Ratio
IIIN's Net Margin IIIN's Pb Price to Book ratio IIIN's Financial Strength Ratios IIIN's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 30 2023, within Basic Materials Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 30 2023 Inventories at quarter ending Dec 30 2023
Lake Area Corn Processors Llc  15.18 $ 244.727  Millions$ 16  Millions
Liquidmetal Technologies Inc  14.30 $ 0.361  Millions$ 0  Millions
Apogee Enterprises Inc   13.79 $ 1,041.720  Millions$ 76  Millions
Hycroft Mining Holding Corporation  13.47 $ 34.307  Millions$ 3  Millions
Idaho Strategic Resources Inc   12.72 $ 8.420  Millions$ 1  Millions
Golden Minerals Company  12.67 $ 12.358  Millions$ 1  Millions
Cardinal Ethanol Llc  12.49 $ 373.594  Millions$ 30  Millions
Core Molding Technologies Inc   12.15 $ 293.000  Millions$ 24  Millions
Encore Wire Corporation  11.58 $ 1,893.514  Millions$ 163  Millions
Janus International Group Inc   10.85 $ 616.000  Millions$ 57  Millions
Smart Sand Inc   10.62 $ 254.418  Millions$ 24  Millions
Flotek Industries Inc  10.35 $ 163.000  Millions$ 16  Millions
Vulcan Materials Company  9.82 $ 5,833.400  Millions$ 594  Millions
Hawkins Inc   9.77 $ 740.437  Millions$ 76  Millions
Coeur Mining Inc   9.38 $ 632.896  Millions$ 67  Millions
Royal Gold inc  8.64 $ 90.523  Millions$ 10  Millions
Linde Plc  8.40 $ 17,492.000  Millions$ 2,082  Millions
Azz Inc   8.00 $ 1,080.244  Millions$ 135  Millions
Quanex Building Products Corporation  7.82 $ 830.633  Millions$ 106  Millions
Summit Materials Inc   7.72 $ 1,862.408  Millions$ 241  Millions
Trinseo Plc  7.18 $ 3,296.000  Millions$ 459  Millions
Ufp Industries inc   7.13 $ 5,799.000  Millions$ 814  Millions
Boise Cascade Company  7.12 $ 5,042.049  Millions$ 708  Millions
International Paper Company  7.11 $ 13,629.000  Millions$ 1,917  Millions
Bluelinx Holdings Inc   6.97 $ 2,609.000  Millions$ 374  Millions
Trex Co Inc  6.95 $ 642.000  Millions$ 92  Millions
Gibraltar Industries Inc   6.86 $ 1,015.770  Millions$ 148  Millions
Lyondellbasell Industries N v   6.85 $ 34,117.000  Millions$ 4,981  Millions
United States Steel Corp  6.64 $ 15,803.000  Millions$ 2,378  Millions
Knife River Corporation  6.63 $ 2,291.415  Millions$ 345  Millions

Date modified: 2024-01-19T15:23:56+00:00



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