Fresh Del Monte Produce Inc (FDP)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,970,000 | 3,982,200 | 4,019,000 | 4,086,500 | 4,102,100 | 4,121,300 | 4,111,700 | 4,012,100 | 3,948,300 | 3,936,700 | 3,903,200 | 3,885,200 | 3,951,400 | 3,973,200 | 4,044,800 | 4,173,000 | 4,182,600 | 4,198,400 | 4,221,300 | 4,273,600 |
| Inventory | US$ in thousands | 599,900 | 587,200 | 583,300 | 646,900 | 669,000 | 621,500 | 568,500 | 620,500 | 602,800 | 538,800 | 495,900 | 513,400 | 507,700 | 500,500 | 496,400 | 559,800 | 551,800 | 537,000 | 530,700 | 575,800 |
| Inventory turnover | 6.62 | 6.78 | 6.89 | 6.32 | 6.13 | 6.63 | 7.23 | 6.47 | 6.55 | 7.31 | 7.87 | 7.57 | 7.78 | 7.94 | 8.15 | 7.45 | 7.58 | 7.82 | 7.95 | 7.42 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,970,000K ÷ $599,900K
= 6.62
Fresh Del Monte Produce Inc's inventory turnover has been relatively stable over the past few years, fluctuating between 6.13 and 8.15. The company's inventory turnover ratio measures how efficiently it manages its inventory by indicating how many times the company has sold and replaced its inventory during a specific period.
A higher inventory turnover ratio typically indicates that the company is selling its inventory quickly and efficiently, which can lead to lower storage and carrying costs. Fresh Del Monte Produce Inc's inventory turnover has ranged between 6.13 and 8.15, which indicates that the company has been managing its inventory effectively during these periods.
Overall, the trend in Fresh Del Monte's inventory turnover shows consistency and efficiency in handling its inventory levels, although further analysis would be needed to understand the specific reasons for the fluctuations in the ratio over time.
Peer comparison
Dec 31, 2023
Dec 31, 2023