Domino’s Pizza Inc (DPZ)
Inventory turnover
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,751,941 | 2,768,378 | 2,825,932 | 2,884,878 | 2,888,552 | 2,845,200 | 2,771,244 | 2,717,109 | 2,669,131 | 2,653,422 | 2,646,370 | 2,584,520 | 2,522,918 | 2,404,679 | 2,303,502 | 2,235,546 | 2,216,275 | 2,181,391 | 2,167,516 | 2,158,356 |
| Inventory | US$ in thousands | 82,964 | 69,683 | 65,627 | 69,278 | 81,570 | 72,586 | 70,201 | 77,711 | 68,328 | 64,563 | 59,182 | 63,775 | 66,683 | 65,499 | 66,850 | 49,010 | 52,955 | 51,010 | 44,281 | 45,668 |
| Inventory turnover | 33.17 | 39.73 | 43.06 | 41.64 | 35.41 | 39.20 | 39.48 | 34.96 | 39.06 | 41.10 | 44.72 | 40.53 | 37.83 | 36.71 | 34.46 | 45.61 | 41.85 | 42.76 | 48.95 | 47.26 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,751,941K ÷ $82,964K
= 33.17
Dominos Pizza Inc's inventory turnover has shown a fluctuating trend over the past eight quarters. The average inventory turnover for the latest quarter (Q4 2023) stands at 33.17, indicating that the company sold and replaced its inventory approximately 33.17 times during the quarter. This figure is lower compared to the preceding three quarters, Q3 2023 (39.73), Q2 2023 (43.06), and Q1 2023 (41.64), suggesting that inventory turnover has decreased.
Despite the slight decrease in Q4 2023, Dominos Pizza Inc's inventory turnover has generally remained strong and consistent over the past year. The company's inventory turnover has stayed above 30 for each quarter, indicating efficient management of its inventory levels. This consistency in inventory turnover implies that Dominos Pizza Inc is effectively managing its inventory, ensuring that products are sold quickly without incurring excess holding costs.
Comparing the current inventory turnover to the same quarter of the previous year, there has been an improvement as Q4 2023 (33.17) is higher than Q4 2022 (35.41). This suggests that Dominos Pizza Inc has become more efficient in managing its inventory compared to the same period last year.
Overall, Dominos Pizza Inc's inventory turnover reflects a healthy balance between inventory management and sales performance, indicating a positive operational efficiency within the company's supply chain.
Peer comparison
Dec 31, 2023
Dec 31, 2023