Hasbro Inc (HAS)
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 | 1,463,700 | 1,731,500 | 1,856,000 | 2,035,100 | 2,134,300 | 2,166,100 | 2,286,400 | 2,335,900 | 2,404,800 | 2,577,800 | 2,637,400 | 2,572,300 | 2,547,900 | 2,412,328 | 2,418,028 | 2,312,128 | 2,288,828 | 2,245,741 | 2,213,868 | 2,278,023 |
| Inventory | US$ in thousands | 274,200 | 375,400 | 357,600 | 336,200 | 332,000 | 617,700 | 731,300 | 713,400 | 676,800 | 844,500 | 867,500 | 644,300 | 552,100 | 544,100 | 499,600 | 429,200 | 395,633 | 540,039 | 564,168 | 444,406 |
| Inventory turnover | 5.34 | 4.61 | 5.19 | 6.05 | 6.43 | 3.51 | 3.13 | 3.27 | 3.55 | 3.05 | 3.04 | 3.99 | 4.61 | 4.43 | 4.84 | 5.39 | 5.79 | 4.16 | 3.92 | 5.13 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,463,700K ÷ $274,200K
= 5.34
The inventory turnover ratio measures how efficiently a company manages its inventory by comparing the cost of goods sold to the average inventory held during a specific period. A higher inventory turnover ratio indicates that inventory is being sold and replenished quickly.
Analyzing the inventory turnover ratio of Hasbro Inc based on the provided quarterly data shows fluctuations over time. The ratio ranged from a low of 3.04 on June 30, 2022, to a high of 6.43 on December 31, 2023. In general, the trend indicates some variability in the management of inventory levels.
For the most recent data as of December 31, 2024, the inventory turnover ratio stood at 5.34, reflecting an improvement from the previous quarter. This suggests that Hasbro Inc is efficiently selling and replacing its inventory, which is a positive indicator for the company's operational effectiveness.
However, it is essential to monitor the inventory turnover ratio consistently to ensure optimal inventory management practices. Hasbro Inc should aim to balance inventory levels to meet customer demand while avoiding excess stock, which can tie up capital and lead to potential obsolescence.