What is Plexus's inventory turnover?

Plexus (PLXS) reported inventory turnover of 2.9× in Q1 2026.

How has Plexus's inventory turnover changed year-over-year?

Plexus's inventory turnover increased by 14.6% year-over-year, from 2.5× to 2.9×.

What is the long-term trend for Plexus's inventory turnover?

Over 5 years (2020 to 2025), Plexus's inventory turnover has grown at a -7.5% compound annual growth rate (CAGR), from 4.2× to 2.9×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Plexus PLXS Inventory turnover

Inventory turnover at other companies

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4.6×+0.5×

Sanmina CorpSANM

4.5×-0.4×

JabilJBL

5.7×+0.1×

CelesticaCLS

5.4×—

Moog Inc.MOG.B

3.3×+0.2×

NordsonNDSN

2.8×+0.1×

Other financials

Income statement

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Revenue$1.2M+18.7%

Gross profit-$1.0B-18.4%

Operating income$61.8M+26.7%

Net income$49.8M+27.5%

EPS (diluted)$1.82+29.1%

Balance sheet

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Cash & equivalents$303.1M-2.4%

Total debt$77.5M-8.4%

Total equity$1.5B+10.2%

Total assets$3.4B+8.9%

Cash flow

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Operating cash flow$28.5M-22.4%

CapEx$12.5M-38.3%

Free cash flow-$50.6M-287%

Valuation

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Market cap$8.03B+98.0%

Enterprise value$7.8B+105%

P/E42.8×+14.4×

P/S2×+1.0×

Profitability

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Gross margin3.9%-6.1pp

Operating margin5.5%+0.8pp

Net margin4.6%+1.0pp

FCF margin1.9%-8.2pp

Returns & leverage

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Return on equity13.2%+2.3pp

Debt / equity0.1×0.0×

Current ratio1.5×0.0×

Where this comes from

Calculated from Plexus’s reported figures.

total cost of revenue/inventories=2.9×

Based on trailing twelve months.

The official record: Plexus’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plexus's inventory turnover?: Plexus (PLXS) reported inventory turnover of 2.9× in Q1 2026.
How has Plexus's inventory turnover changed year-over-year?: Plexus's inventory turnover increased by 14.6% year-over-year, from 2.5× to 2.9×.
What is the long-term trend for Plexus's inventory turnover?: Over 5 years (2020 to 2025), Plexus's inventory turnover has grown at a -7.5% compound annual growth rate (CAGR), from 4.2× to 2.9×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.