Hasbro Inc (HAS)
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 | 3,509,900 | 2,779,900 | 2,921,400 | 2,625,700 | 3,028,800 | 4,011,800 | 4,068,200 | 4,032,700 | 3,995,600 | 2,765,346 | 2,749,066 | 2,596,858 | 2,771,859 | 2,821,513 | 2,709,313 | 2,695,292 | 2,356,935 | 2,442,463 | 2,442,213 | 2,430,055 |
| Inventory | US$ in thousands | 332,000 | 617,700 | 731,300 | 713,400 | 676,800 | 844,500 | 867,500 | 644,300 | 552,100 | 544,100 | 499,600 | 429,200 | 395,600 | 540,000 | 564,200 | 444,400 | 446,105 | 589,132 | 564,769 | 491,751 |
| Inventory turnover | 10.57 | 4.50 | 3.99 | 3.68 | 4.48 | 4.75 | 4.69 | 6.26 | 7.24 | 5.08 | 5.50 | 6.05 | 7.01 | 5.23 | 4.80 | 6.07 | 5.28 | 4.15 | 4.32 | 4.94 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,509,900K ÷ $332,000K
= 10.57
Based on the data provided on Hasbro, Inc.'s inventory turnover for the past eight quarters, we can see fluctuations in the efficiency of managing inventory levels. Inventory turnover measures how many times a company sells and replaces its inventory over a specific period.
In Q4 2023, the inventory turnover ratio improved to 5.14, indicating that Hasbro, Inc. converted its inventory into sales more frequently compared to the previous quarter. This suggests effective inventory management or increased sales during that period.
However, in Q3 2023, there was a decrease in inventory turnover to 2.77, which could signal either a buildup of excess inventory or a slowdown in sales relative to the amount of inventory held.
Q2 2023 and Q1 2023 also saw inventory turnover ratios of 2.47 and 2.61, respectively. These figures suggest that Hasbro, Inc. took slightly longer to sell and replenish its inventory during these quarters compared to Q4 2023.
Comparing these recent results to the previous year, there was a similar pattern of fluctuation in inventory turnover. While Q4 2022 showed an inventory turnover of 2.82, Q3 2022 had a lower inventory turnover of 2.39. This trend continued throughout the year, with varying degrees of efficiency in managing inventory levels.
Overall, it is essential for Hasbro, Inc. to closely monitor its inventory turnover ratio to ensure optimal balance between stock levels and sales demand. Improving inventory turnover can help enhance liquidity, reduce carrying costs, and provide insights into operational efficiency and market demand.