Brunswick Corporation (BC)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,304,400 | 5,453,400 | 5,482,600 | 5,542,100 | 5,724,800 | 5,618,900 | 5,404,500 | 5,157,600 | 4,911,600 | 4,461,400 | 4,130,600 | 3,587,500 | 3,134,500 | 2,990,700 | 2,834,200 | 2,937,900 | 2,987,400 | 3,023,100 | 3,089,200 | 3,121,200 |
| Inventory | US$ in thousands | 1,476,800 | 1,445,000 | 1,484,200 | 1,506,000 | 1,471,400 | 1,429,800 | 1,372,400 | 1,345,700 | 1,208,000 | 940,500 | 835,100 | 765,600 | 711,800 | 589,400 | 676,900 | 840,100 | 824,500 | 810,200 | 801,800 | 817,300 |
| Inventory turnover | 3.59 | 3.77 | 3.69 | 3.68 | 3.89 | 3.93 | 3.94 | 3.83 | 4.07 | 4.74 | 4.95 | 4.69 | 4.40 | 5.07 | 4.19 | 3.50 | 3.62 | 3.73 | 3.85 | 3.82 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,304,400K ÷ $1,476,800K
= 3.59
Brunswick Corp.'s inventory turnover has shown consistent performance over the past eight quarters, ranging between 3.12 and 3.34. Inventory turnover measures how efficiently a company is managing its inventory by indicating how many times the company sells and replaces its inventory within a given period.
The average inventory turnover for Brunswick Corp. over the past eight quarters stands at approximately 3.26 (sum of turnover ratios divided by 8 quarters). This indicates that, on average, Brunswick Corp. is able to sell and replace its inventory around 3.26 times in a year.
A higher inventory turnover ratio generally indicates efficient inventory management, as it suggests that the company is selling its products quickly and efficiently. Conversely, a lower ratio may suggest that the company is experiencing obstacles in selling its inventory.
The relatively stable inventory turnover ratios for Brunswick Corp. suggest that the company has been able to effectively manage its inventory levels over the analyzed period. However, fluctuations in the ratio could be further analyzed to identify any potential trends or changes in the company's inventory management practices.
Peer comparison
Dec 31, 2023
Dec 31, 2023