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
Ball Corporation
BALL
6.33
Silgan Holdings Inc
SLGN
5.22