Fresh Del Monte Produce Inc (FDP)
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 | 3,922,300 | 3,923,900 | 3,926,900 | 3,964,100 | 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 |
| Inventory | US$ in thousands | 595,300 | 588,700 | 537,400 | 575,100 | 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 |
| Inventory turnover | 6.59 | 6.67 | 7.31 | 6.89 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,922,300K ÷ $595,300K
= 6.59
Fresh Del Monte Produce Inc's inventory turnover has been fluctuating over the past few years. It ranged from a high of 8.15 in June 30, 2020, to a low of 6.13 in December 31, 2022. The inventory turnover ratio indicates the number of times a company's inventory is sold and replaced over a specific period.
The decreasing trend in inventory turnover from 2020 to 2024 suggests that Fresh Del Monte Produce Inc may be experiencing challenges in efficiently managing its inventory levels or facing slower sales growth relative to its inventory holdings. A lower inventory turnover ratio may indicate excess inventory, obsolete goods, or difficulties in selling products.
It would be beneficial for Fresh Del Monte Produce Inc to evaluate its inventory management practices, streamline its supply chain operations, and assess its sales strategies to optimize inventory turnover and improve overall operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024