Bunge Limited (BG)
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 | 49,715,000 | 50,936,000 | 51,982,000 | 53,089,000 | 54,695,000 | 56,855,000 | 59,544,000 | 63,021,000 | 63,550,000 | 63,702,000 | 61,086,000 | 58,651,000 | 55,789,000 | 51,501,000 | 47,803,000 | 41,434,000 | 38,619,000 | 37,125,000 | 38,869,000 | 40,096,000 |
| Inventory | US$ in thousands | 6,491,000 | 7,465,000 | 8,057,000 | 7,505,000 | 7,105,000 | 7,548,000 | 8,806,000 | 8,952,000 | 8,408,000 | 8,112,000 | 10,481,000 | 10,988,000 | 8,431,000 | 8,014,000 | 8,460,000 | 8,616,000 | 7,172,000 | 6,463,000 | 6,007,000 | 5,451,000 |
| Inventory turnover | 7.66 | 6.82 | 6.45 | 7.07 | 7.70 | 7.53 | 6.76 | 7.04 | 7.56 | 7.85 | 5.83 | 5.34 | 6.62 | 6.43 | 5.65 | 4.81 | 5.38 | 5.74 | 6.47 | 7.36 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $49,715,000K ÷ $6,491,000K
= 7.66
The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period. Looking at the data provided for Bunge Limited, the inventory turnover has shown some fluctuations over the past few years.
From March 31, 2020, to December 31, 2020, the inventory turnover decreased from 7.36 to 5.38, indicating a slower rate of inventory turnover. This may signal potential issues with inventory management or declining sales levels during this period.
However, from March 31, 2021, to December 31, 2024, the inventory turnover generally improved, reaching a peak of 7.85 on September 30, 2022. A rising inventory turnover ratio suggests that the company is managing its inventory more efficiently and turning over its inventory faster, which can free up working capital and improve profitability.
The overall trend for Bunge Limited's inventory turnover shows fluctuations but with an uptrend in recent periods, which generally indicates better inventory management practices. It is essential to monitor inventory turnover regularly to ensure optimal inventory levels and operating efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024