Flowers Foods Inc (FLO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,785,780 | 4,386,050 | 3,927,650 | 3,951,050 | 3,790,690 |
| Inventory | US$ in thousands | 184,497 | 168,697 | 134,980 | 125,229 | 127,059 |
| Inventory turnover | 25.94 | 26.00 | 29.10 | 31.55 | 29.83 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,785,780K ÷ $184,497K
= 25.94
The inventory turnover for Flowers Foods Inc has shown a slight fluctuation over the past five years. In 2023, the inventory turnover decreased slightly to 25.94 from 26.00 in 2022, continuing a downward trend since 2020. Despite this decrease, the company's inventory turnover ratios have generally been relatively high, indicating that Flowers Foods Inc is efficient in managing its inventory and converting it into sales. The highest inventory turnover was recorded in 2020 at 31.55, suggesting strong inventory management and sales efficiency. Overall, Flowers Foods Inc's inventory turnover ratios demonstrate effective inventory management practices, although there has been a slight decline in recent years.
Peer comparison
Dec 31, 2023