Columbia Sportswear Company (COLM)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,677,500	1,757,270	1,753,070	1,513,950	1,277,660
Inventory	US$ in thousands	690,515	746,288	1,028,540	645,379	556,530
Inventory turnover		2.43	2.35	1.70	2.35	2.30

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,677,500K ÷ $690,515K
= 2.43

Columbia Sportswear Company's inventory turnover has shown fluctuations over the past five years. In 2020, the inventory turnover ratio was 2.30, indicating that the company turned over its inventory approximately 2.3 times during that year. This ratio slightly increased to 2.35 in 2021 before dropping to 1.70 in 2022. The significant decrease in 2022 may suggest potential issues with excess inventory or slow-moving items.

However, the company managed to recover in the following years, with inventory turnover ratios of 2.35 in 2023 and 2.43 in 2024. These improvements demonstrate better efficiency in managing and selling inventory. Overall, Columbia Sportswear Company's inventory turnover ratios reflect a mix of challenges and successes in inventory management over the analyzed period.