Ashford Inc 's inventory turnover ratio, the ratio that measures Ashford Inc 's ability to manage its supply chain, sequentially decreased to
3.55 in the second quarter 2024, which does not come as a surprise, as the Ashford Inc continue to experience headwinds, which also impact its supply chain. Ashford Inc 's average inventory processing period in the Jun 30 2024 quarter, has increased to 103 days, from 85 days, in the Mar 31 2024 quarter.
Within
Services sector 101 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 772 in the first quarter 2024, to 822.
AINC Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Ashford Inc Market Share?
What is Inventory Turnover Ratio?
| AINC Inventory Turnover Ratio |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Inventory Growth |
1.28 % |
16.58 % |
15.77 % |
37.29 % |
38.13 % |
| Y / Y Cost of Sales Growth |
-51.85 % |
-29.17 % |
-8.88 % |
66.29 % |
62.69 % |
| Inventory Turnover Ratio (TTM) |
3.55 |
4.3 |
4.81 |
5.07 |
4.93 |
| AINC's Total
Ranking |
# 822 |
# 772 |
# 725 |
# 791 |
# 834 |
| Average inventory processing period |
103 |
85 |
76 |
72 |
74 |
| Seq. Inventory Growth |
-0.39 % |
2.58 % |
-2.48 % |
1.64 % |
14.66 % |
| Seq. Cost of Sales Growth |
-14.88 % |
-9.21 % |
-24.84 % |
-17.11 % |
25.23 % |
| Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2024, within Services Sector | Inventory Turnover Ratio | Cost of revenues at quarter ending Jun 30 2024 | Inventories at quarter ending Jun 30 2024 |
| Nextplat Corp | 8.81 | $ 45.000 Millions | $ 5 Millions |
| Exceed World Inc | 8.62 | $ 12.997 Millions | $ 2 Millions |
| Dave and Buster s Entertainment Inc | 8.55 | $ 332.200 Millions | $ 39 Millions |
| Rb Global Inc | 8.17 | $ 1,345.700 Millions | $ 165 Millions |
| Cornerstone Building Brands Inc | 7.40 | $ 4,029.136 Millions | $ 545 Millions |
| Graham Holdings Co | 7.30 | $ 2,239.576 Millions | $ 307 Millions |
| T mobile Us Inc | 7.11 | $ 11,030.000 Millions | $ 1,551 Millions |
| Telephone And Data Systems Inc | 6.73 | $ 1,213.000 Millions | $ 180 Millions |
| Portillos Inc | 6.62 | $ 53.626 Millions | $ 8 Millions |
| 5.65 | $ 3.549 Millions | $ 1 Millions |
| Remark Holdings Inc | 5.60 | $ 3.632 Millions | $ 1 Millions |
| Global Industrial Company | 5.54 | $ 886.700 Millions | $ 160 Millions |
| Cfn Enterprises Inc | 5.46 | $ 9.829 Millions | $ 2 Millions |
| Globalstar Inc | 4.74 | $ 64.306 Millions | $ 14 Millions |
| Mrc Global Inc | 4.69 | $ 2,622.000 Millions | $ 559 Millions |
| Allegion Plc | 4.59 | $ 2,066.500 Millions | $ 450 Millions |
| Chart Industries Inc | 4.55 | $ 2,634.100 Millions | $ 579 Millions |
| 4.44 | $ 248.310 Millions | $ 56 Millions |
| United States Cellular Corporation | 4.22 | $ 730.000 Millions | $ 173 Millions |
| 3.98 | $ 41.291 Millions | $ 10 Millions |
| Calix Inc | 3.56 | $ 489.043 Millions | $ 137 Millions |
| Ashford Inc | 3.55 | $ 8.969 Millions | $ 3 Millions |
| Flanigan s Enterprises Inc | 3.38 | $ 24.935 Millions | $ 7 Millions |
| Msc Industrial Direct Co Inc | 3.30 | $ 2,302.000 Millions | $ 697 Millions |
| Six Flags Entertainment Corporation | 3.06 | $ 165.686 Millions | $ 54 Millions |
| Boxlight Corporation | 2.54 | $ 104.959 Millions | $ 41 Millions |
| Scholastic Corporation | 2.35 | $ 705.100 Millions | $ 301 Millions |
| Opendoor Technologies Inc | 2.29 | $ 4,131.000 Millions | $ 1,800 Millions |
| Cpi Card Group Inc | 2.08 | $ 163.646 Millions | $ 78 Millions |
| Everi Holdings Inc | 2.03 | $ 154.333 Millions | $ 76 Millions |
