AGCO Corporation (AGCO)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,772,400 | 11,494,600 | 12,021,900 | 11,863,000 | 12,163,900 | 12,202,700 | 11,998,300 | 11,384,800 | 10,939,500 | 10,422,000 | 10,116,100 | 10,025,200 | 9,733,000 | 9,387,100 | 9,192,800 | 8,543,000 | 8,197,600 | 5,763,200 | 5,499,000 | 5,802,700 |
| Inventory | US$ in thousands | 2,731,300 | 3,443,200 | 3,499,400 | 3,781,900 | 3,440,700 | 3,726,000 | 3,829,900 | 3,642,800 | 3,189,700 | 3,324,700 | 3,382,300 | 3,259,700 | 2,593,700 | 2,738,300 | 2,667,000 | 2,360,300 | 1,974,400 | 2,057,100 | 2,169,000 | 2,187,500 |
| Inventory turnover | 3.94 | 3.34 | 3.44 | 3.14 | 3.54 | 3.28 | 3.13 | 3.13 | 3.43 | 3.13 | 2.99 | 3.08 | 3.75 | 3.43 | 3.45 | 3.62 | 4.15 | 2.80 | 2.54 | 2.65 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,772,400K ÷ $2,731,300K
= 3.94
AGCO Corporation's inventory turnover has displayed fluctuating trends over the past few years. From March 2020 to December 2020, the turnover ratio steadily increased from 2.65 to 4.15, indicating an improvement in inventory management efficiency. However, during the subsequent periods, the ratio fluctuated between 3.08 to 3.75, suggesting some variability in managing inventory levels.
Overall, AGCO Corporation has maintained a relatively stable inventory turnover ratio ranging between 2.54 to 4.15 from March 2020 to December 2024. The company's ability to efficiently turn over its inventory is crucial for managing working capital and optimizing profitability. Monitoring the inventory turnover ratio can provide insights into the company's operational efficiency and effectiveness in managing its supply chain and inventory levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024