Coca-Cola Consolidated Inc. (COKE)
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 | 4,146,461 | 4,087,319 | 4,070,579 | 4,057,529 | 4,055,154 | 4,039,859 | 3,996,459 | 3,973,759 | 3,923,005 | 3,858,329 | 3,790,569 | 3,684,155 | 3,608,527 | 3,515,782 | 3,432,108 | 3,291,876 | 3,238,448 | 3,187,444 | 3,170,203 | 3,210,169 |
| Inventory | US$ in thousands | 330,395 | 334,681 | 338,249 | 361,086 | 321,932 | 320,401 | 333,874 | 337,313 | 347,545 | 313,699 | 303,539 | 276,278 | 302,851 | 240,495 | 237,823 | 257,363 | 225,757 | 207,773 | 211,128 | 228,624 |
| Inventory turnover | 12.55 | 12.21 | 12.03 | 11.24 | 12.60 | 12.61 | 11.97 | 11.78 | 11.29 | 12.30 | 12.49 | 13.33 | 11.92 | 14.62 | 14.43 | 12.79 | 14.34 | 15.34 | 15.02 | 14.04 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,146,461K ÷ $330,395K
= 12.55
The inventory turnover ratio for Coca-Cola Consolidated Inc. has shown fluctuations over the years, starting at 14.04 on March 31, 2020, reaching a peak of 15.34 on September 30, 2020, and then gradually declining to 11.24 on March 31, 2024. This ratio indicates the number of times the company's inventory is sold and replaced over a period.
A higher inventory turnover ratio generally implies efficient inventory management and faster sales. In this case, while the ratio has experienced peaks and troughs, it generally remained above 10, suggesting that the company has been effectively managing its inventory levels.
It is important for the company to monitor and analyze the reasons behind the fluctuations in the inventory turnover ratio to ensure optimal inventory management practices are maintained.
Peer comparison
Dec 31, 2024
Dec 31, 2024