Coca-Cola Consolidated Inc. (COKE)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,996,380 | 5,945,350 | 5,886,260 | 5,827,920 | 5,733,860 | 5,650,850 | 5,537,520 | 5,403,600 | 5,307,900 | 5,175,130 | 5,080,000 | 4,910,350 | 4,876,310 | 4,825,350 | 4,815,390 | 4,879,960 | 4,821,560 | 4,790,810 | 4,741,890 | 4,737,400 |
| Inventory | US$ in thousands | 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 | 225,926 | 231,752 | 230,898 | 220,317 |
| Inventory turnover | 18.63 | 18.56 | 17.63 | 17.28 | 16.50 | 18.01 | 18.24 | 19.56 | 17.53 | 21.52 | 21.36 | 19.08 | 21.60 | 23.22 | 22.81 | 21.34 | 21.34 | 20.67 | 20.54 | 21.50 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,996,380K ÷ $321,932K
= 18.63
Coca-Cola Consolidated Inc's inventory turnover ratio has been relatively stable over the past eight quarters, ranging from 11.29 to 13.33. The inventory turnover indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific period.
The average inventory turnover for the eight quarters is approximately 12.30, suggesting that, on average, Coca-Cola Consolidated Inc sells and replaces its inventory around 12.30 times a year. A high inventory turnover ratio generally indicates that the company is effectively managing its inventory levels, reducing holding costs, and generating sales from its inventory.
Although there have been fluctuations in the quarterly figures, the overall trend seems to show consistent inventory turnover performance. This stability may indicate effective inventory management practices within the company, potentially leading to improved operational efficiency and profitability. It is essential for Coca-Cola Consolidated Inc to continue monitoring and optimizing its inventory turnover to ensure efficient utilization of resources and maintain strong financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023