Brunswick Corporation (BC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,532,300 | 5,724,800 | 4,911,600 | 3,134,500 | 2,987,400 |
| Inventory | US$ in thousands | 1,476,800 | 1,471,400 | 1,208,000 | 711,800 | 824,500 |
| Inventory turnover | 3.75 | 3.89 | 4.07 | 4.40 | 3.62 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,532,300K ÷ $1,476,800K
= 3.75
Brunswick Corp.'s inventory turnover has fluctuated over the past five years, ranging from 3.12 in 2023 to 4.40 in 2020. This ratio indicates the number of times the company's inventory was sold and replaced during the year. A higher inventory turnover ratio typically suggests efficient inventory management and faster sales cycles.
In the case of Brunswick Corp., the decreasing trend in inventory turnover from 2020 to 2023 may indicate potential challenges in managing inventory levels efficiently or slower sales relative to inventory levels. However, it is essential to consider industry norms and company-specific factors when interpreting inventory turnover ratios.
Peer comparison
Dec 31, 2023