Crown Holdings Inc (CCK)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	11,497,000	11,362,000	12,303,000	12,237,000	11,007,000
Inventory	US$ in thousands	1,440,000	1,613,000	2,014,000	1,735,000	1,263,000
Inventory turnover		7.98	7.04	6.11	7.05	8.71

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $11,497,000K ÷ $1,440,000K
= 7.98

Crown Holdings Inc's inventory turnover has shown a decreasing trend over the last five years, declining from 8.71 in December 31, 2020, to 7.98 in December 31, 2024. This indicates that the company is taking longer to sell its inventory, which could potentially be a sign of inefficient inventory management or slowing sales. It would be beneficial for the company to further analyze the reasons behind this decline and implement strategies to improve inventory turnover efficiency to optimize working capital and profitability.

Peer comparison

Dec 31, 2024

Company name

Symbol

Inventory turnover

Crown Holdings Inc

CCK

7.98