Fresh Del Monte Produce Inc (FDP)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,922,300 | 3,970,000 | 4,102,100 | 3,948,200 | 3,951,400 |
| Inventory | US$ in thousands | 595,300 | 599,900 | 669,000 | 602,800 | 507,700 |
| Inventory turnover | 6.59 | 6.62 | 6.13 | 6.55 | 7.78 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,922,300K ÷ $595,300K
= 6.59
Fresh Del Monte Produce Inc's inventory turnover has shown a fluctuating trend over the specified period. Starting at 7.78 in December 31, 2020, it decreased to 6.55 by December 31, 2021, indicating a reduction in the efficiency of inventory management. Despite a further decline to 6.13 by December 31, 2022, there was a slight improvement to 6.62 by December 31, 2023, followed by a relatively stable figure of 6.59 by December 31, 2024.
The overall trend suggests that Fresh Del Monte Produce Inc's ability to manage and sell its inventory has shown some fluctuations without a clear direction. While a higher inventory turnover ratio is generally preferable as it indicates efficient inventory management, it is important to consider industry benchmarks and company-specific factors for a more comprehensive evaluation.
Peer comparison
Dec 31, 2024