Fortune Brands Innovations Inc. (FBIN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,871,100 | 4,011,300 | 2,790,100 | 2,840,600 | 1,456,900 |
| Inventory | US$ in thousands | 960,300 | 982,300 | 1,021,300 | 889,500 | 867,200 |
| Inventory turnover | 4.03 | 4.08 | 2.73 | 3.19 | 1.68 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,871,100K ÷ $960,300K
= 4.03
Fortune Brands Innovations Inc.'s inventory turnover has shown a positive trend over the past five years, increasing from 1.68 in 2020 to 4.03 in 2024. This indicates that the company is managing its inventory more efficiently, with inventory being sold and replaced multiple times during the year. The peak in inventory turnover of 4.08 in 2023 suggests a particularly strong performance in converting inventory into sales, possibly due to improved inventory management practices or increased sales volume. However, the slight decrease in inventory turnover to 4.03 in 2024 may indicate a small slowdown in the pace of inventory turnover compared to the previous year. Overall, Fortune Brands Innovations Inc. appears to be effectively managing its inventory levels to support its sales activities and optimize its working capital efficiency.
Peer comparison
Dec 31, 2024