Steelcase(Scs) Financials: Inventory Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - inventory turnover
This chart shows the historical trend of inventory turnover for SCS compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Inventory Turnover
Definition: Inventory turnover measures how quickly the company sells and replaces its inventory. A higher turnover means products are selling fast and inventory isn’t sitting idle. Slow turnover may suggest weak sales, poor demand forecasting, or obsolete inventory piling up — all of which can tie up cash unnecessarily.
Interpretation:
• In '2022', SCS's inventory turnover was 6.17, reflecting efficiency in managing inventory stock. Industry average for Office Equipment/Supplies/Services in '2022' stood at 5.65.
• In '2023', SCS's inventory turnover was 7.16, reflecting efficiency in managing inventory stock. The increase since '2022' reflects strengthening financial performance. Industry average for Office Equipment/Supplies/Services in '2023' stood at 6.20. Industry average increased by 0.55 compared to previous year.
• In '2024', SCS's inventory turnover was 7.80, reflecting efficiency in managing inventory stock. The increase since '2023' reflects strengthening financial performance. Industry average for Office Equipment/Supplies/Services in '2024' stood at 6.13. Industry average declined by 0.08 from previous year.
• In '2025', SCS's inventory turnover was 8.89, reflecting efficiency in managing inventory stock. The increase since '2024' reflects strengthening financial performance. Industry average for Office Equipment/Supplies/Services in '2025' stood at 7.96. Industry average increased by 1.84 compared to previous year.
Overall, SCS's inventory turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Inventory Turnover = Cost of Goods Sold / Average Inventory
Good Range: Typically 4 to 12 depending on industry.