Due to inventory build up in the second quarter 2024, Honeywell International Inc's inventory turnover ratio sequentially decreased to
3.76 in the second quarter 2024, unsurprisingly, as the Honeywell International Inc markets continue to deteriorate, and HON's faces growing challenges to bring down its inventories. Honeywell International Inc's average inventory processing period in the Jun 30 2024 quarter, has increased to 97 days, from 96 days, in the Mar 31 2024 quarter.
Within
Conglomerates sector 5 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the II Quarter 2024, to
122, from total ranking in the first quarter 2024 at
400.
HON Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Honeywell International Inc Market Share?
What is Inventory Turnover Ratio?
| HON 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 |
7.37 % |
9.38 % |
11.56 % |
9.07 % |
5.63 % |
| Y / Y Cost of Sales Growth |
4.09 % |
1.55 % |
1.26 % |
-5.2 % |
-6.95 % |
| Inventory Turnover Ratio (TTM) |
3.76 |
3.79 |
3.86 |
3.95 |
4.09 |
| HON's Total
Ranking |
# 122 |
# 400 |
# 400 |
# 92 |
# 494 |
| Average inventory processing period |
97 |
96 |
95 |
92 |
89 |
| Seq. Inventory Growth |
0.09 % |
2.27 % |
2.97 % |
1.87 % |
1.97 % |
| Seq. Cost of Sales Growth |
4.89 % |
-9.97 % |
9.37 % |
0.78 % |
2.33 % |
