Crocs Inc (CROX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,127,210 | 2,948,180 | 2,723,820 | 1,647,390 | 1,187,610 |
| Inventory | US$ in thousands | 356,254 | 385,054 | 471,551 | 213,520 | 175,121 |
| Inventory turnover | 8.78 | 7.66 | 5.78 | 7.72 | 6.78 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,127,210K ÷ $356,254K
= 8.78
Crocs Inc's inventory turnover has shown fluctuations over the years. In 2020, the inventory turnover was 6.78, indicating that the company's inventory was turned over approximately 6.78 times during the year.
Subsequently, there was an increase in inventory turnover to 7.72 in 2021, suggesting that the company managed its inventory more efficiently during that period. However, in 2022, the inventory turnover decreased to 5.78, indicating a decrease in the company's ability to sell and replenish its inventory.
In the following years, Crocs Inc's inventory turnover improved, reaching 7.66 in 2023 and 8.78 in 2024. These increases suggest that the company was able to sell and replenish its inventory at a faster rate, which can be a positive sign of operational efficiency and effective inventory management.
Peer comparison
Dec 31, 2024