Crocs Inc (CROX)
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 | 3,127,212 | 3,087,622 | 3,067,116 | 3,035,230 | 2,948,183 | 2,919,678 | 2,868,844 | 2,831,583 | 2,723,816 | 2,422,791 | 2,124,611 | 1,853,445 | 1,647,386 | 1,566,373 | 1,433,172 | 1,262,675 | 1,187,611 | 1,094,903 | 1,078,135 | 1,114,249 |
| Inventory | US$ in thousands | 356,254 | 367,191 | 376,599 | 391,953 | 385,054 | 390,163 | 436,269 | 476,112 | 471,551 | 513,748 | 501,527 | 407,589 | 213,520 | 212,496 | 209,089 | 196,477 | 175,121 | 174,119 | 146,804 | 195,755 |
| Inventory turnover | 8.78 | 8.41 | 8.14 | 7.74 | 7.66 | 7.48 | 6.58 | 5.95 | 5.78 | 4.72 | 4.24 | 4.55 | 7.72 | 7.37 | 6.85 | 6.43 | 6.78 | 6.29 | 7.34 | 5.69 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,127,212K ÷ $356,254K
= 8.78
Crocs Inc's inventory turnover has shown fluctuations over time based on the provided data. The inventory turnover ratio indicates how efficiently the company is managing its inventory. A higher inventory turnover ratio typically suggests that the company is selling its inventory more quickly.
- From March 31, 2020, to June 30, 2021, the inventory turnover ratio steadily increased from 5.69 to 6.85, indicating improving efficiency in managing inventory during this period.
- There was a slight drop in the ratio to 4.55 on March 31, 2022, but it gradually increased again to 8.78 by December 31, 2024.
- The highest inventory turnover ratio was observed on December 31, 2024, at 8.78, suggesting that Crocs Inc was selling its inventory more than 8 times a year.
Overall, Crocs Inc's inventory turnover ratio has generally shown an increasing trend, which is a positive indicator of the company's ability to efficiently manage and sell its inventory.
Peer comparison
Dec 31, 2024
Dec 31, 2024