Coca-Cola Consolidated Inc. (COKE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,146,540 | 4,055,150 | 3,923,000 | 3,608,530 | 3,238,450 |
| Inventory | US$ in thousands | 330,395 | 321,932 | 347,545 | 302,851 | 225,757 |
| Inventory turnover | 12.55 | 12.60 | 11.29 | 11.92 | 14.34 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,146,540K ÷ $330,395K
= 12.55
Coca-Cola Consolidated Inc.'s inventory turnover has exhibited a gradual decline over the five-year period from December 31, 2020, to December 31, 2024. The inventory turnover ratio, which represents how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced within a specific period, decreased from 14.34 in 2020 to 12.55 in 2024.
The declining trend indicates that the company's inventory is being turned over at a slower pace in recent years. A lower inventory turnover may suggest issues such as overstocking, obsolete inventory, poor sales, or ineffective inventory management practices. It's essential for Coca-Cola Consolidated Inc. to assess the reasons behind this trend and take appropriate measures to optimize inventory levels and improve efficiency in inventory turnover to enhance operational performance and profitability.
Peer comparison
Dec 31, 2024