Bunge Limited (BG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 49,715,000 | 54,695,000 | 63,550,000 | 55,789,000 | 38,619,000 |
| Inventory | US$ in thousands | 6,491,000 | 7,105,000 | 8,408,000 | 8,431,000 | 7,172,000 |
| Inventory turnover | 7.66 | 7.70 | 7.56 | 6.62 | 5.38 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $49,715,000K ÷ $6,491,000K
= 7.66
The inventory turnover of Bunge Limited has shown a consistent improvement over the years, indicating efficient management of inventory. The inventory turnover ratio has increased from 5.38 in December 31, 2020, to 7.66 in December 31, 2024. This reflects that Bunge Limited is selling its inventory more quickly, which can lead to lower carrying costs and reduced risks of obsolescence. A higher inventory turnover ratio suggests effective inventory management and indicates that the company is effectively managing its production, distribution, and sales processes. Overall, the increasing trend in inventory turnover bodes well for Bunge Limited's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024