Sono Tek Inventory Turnover Ratio (COS)
Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics
Due to inventory build up in the first quarter 2025, Sono Tek's inventory turnover ratio sequentially decreased to 2.24 in the first quarter 2024, unsurprisingly, as the Sono Tek markets continue to deteriorate, and SOTK's faces growing challenges to bring down its inventories. Sono Tek's average inventory processing period in the May 31 2024 quarter, has increased to 163 days, from 159 days, in the Feb 29 2024 quarter.
Within Capital Goods sector 134 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2025, to 36, from total ranking in the forth quarter 2024 at 1169.
SOTK Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Sono Tek Corp Market Share?
What is Inventory Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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| SOTK Inventory Turnover Ratio |
(May 31 2024)
I. Quarter |
(Feb 29 2024)
IV. Quarter |
(Nov 30 2023)
III. Quarter |
(Aug 31 2023)
II. Quarter |
(May 31 2023)
I. Quarter |
| Y / Y Inventory Growth |
45.92 % |
61.03 % |
30.43 % |
44.5 % |
29.79 % |
| Y / Y Cost of Sales Growth |
41.12 % |
32.46 % |
56.89 % |
51.98 % |
-6.11 % |
| Inventory Turnover Ratio (TTM) |
2.24 |
2.29 |
2.43 |
2.32 |
2.24 |
| SOTK's Total
Ranking |
# 36 |
# 1169 |
# 64 |
# 44 |
# 44 |
| Average inventory processing period |
163 |
160 |
150 |
158 |
163 |
| Seq. Inventory Growth |
4.93 % |
22.8 % |
6.09 % |
6.74 % |
15.79 % |
| Seq. Cost of Sales Growth |
6.16 % |
-12.19 % |
-2.63 % |
55.47 % |
-0.35 % |
| Inventory Turnover Ratio Statistics |
| High |
Average |
Low |
| 4.11 |
3.09 |
2.24 |
| (Nov 30 2018) |
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(May 31 2023) |
| Companies with similar Inventory Turnover Ratio for the quarter ending May 31 2024, within Capital Goods Sector | Inventory Turnover Ratio | Cost of revenues at quarter ending May 31 2024 | Inventories at quarter ending May 31 2024 | | Donaldson Company Inc | 5.18 | $ 2,311.000 Millions | $ 446 Millions | | Daktronics Inc | 5.14 | $ 712.755 Millions | $ 139 Millions | | Xylem Inc | 5.06 | $ 5,305.000 Millions | $ 1,049 Millions | | Illinois Tool Works Inc | 5.06 | $ 9,038.000 Millions | $ 1,788 Millions | | Ferguson Enterprises Inc | 5.03 | $ 20,582.000 Millions | $ 4,094 Millions | | Park Aerospace Corp | 4.87 | $ 37.282 Millions | $ 8 Millions | | Fluence Energy Inc | 4.80 | $ 1,882.207 Millions | $ 392 Millions | | Championx Corp | 4.64 | $ 2,545.623 Millions | $ 548 Millions | | Standex International Corp | 4.62 | $ 438.000 Millions | $ 95 Millions | | Nvent Electric Plc | 4.56 | $ 2,043.500 Millions | $ 448 Millions | | Lincoln Electric Holdings Inc | 4.48 | $ 2,605.000 Millions | $ 581 Millions | | Lennox International Inc | 4.47 | $ 3,407.700 Millions | $ 762 Millions | | The Gorman rupp Company | 4.42 | $ 453.691 Millions | $ 103 Millions | | Vontier Corporation | 4.41 | $ 1,356.000 Millions | $ 307 Millions | | Array Technologies Inc | 4.40 | $ 795.406 Millions | $ 181 Millions | | Trane Technologies Plc | 4.39 | $ 9,805.500 Millions | $ 2,233 Millions | | Malibu Boats Inc | 4.31 | $ 681.000 Millions | $ 158 Millions | | Dover Corp | 4.31 | $ 5,371.746 Millions | $ 1,247 Millions | | Esab Corporation | 4.21 | $ 1,737.000 Millions | $ 413 Millions | | Idex Corp | 4.14 | $ 1,779.400 Millions | $ 430 Millions | | Spectrum Brands Holdings Inc | 4.11 | $ 1,863.900 Millions | $ 454 Millions | | Hyster yale Inc | 4.10 | $ 3,344.700 Millions | $ 816 Millions | | Brady Corp | 4.09 | $ 653.000 Millions | $ 159 Millions | | Advanced Drainage Systems Inc | 4.05 | $ 1,764.820 Millions | $ 436 Millions | | Deere and Co | 4.05 | $ 33,632.000 Millions | $ 8,309 Millions | | Twin Vee Powercats Co | 4.05 | $ 21.307 Millions | $ 5 Millions | | 4.03 | $ 153.134 Millions | $ 38 Millions | | Atkore Inc | 3.99 | $ 2,118.480 Millions | $ 531 Millions | | Spx Technologies Inc | 3.96 | $ 1,144.400 Millions | $ 289 Millions | | Eaton Corporation Plc | 3.95 | $ 15,081.000 Millions | $ 3,821 Millions |
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