Hanesbrands Inc (HBI)
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 | 2,286,906 | 2,632,123 | 3,126,460 | 3,483,501 | 3,386,628 | 3,568,687 | 3,635,577 | 3,620,700 | 4,012,543 | 4,125,854 | 4,107,854 | 4,236,168 | 4,149,538 | 4,740,958 | 4,842,618 | 4,878,708 | 4,816,090 | 4,184,310 | 4,147,390 | 4,127,870 |
| Inventory | US$ in thousands | 871,044 | 927,754 | 937,980 | 1,419,310 | 1,368,020 | 1,516,780 | 1,836,020 | 1,969,130 | 1,979,670 | 2,136,310 | 2,090,710 | 1,819,970 | 1,584,020 | 1,629,510 | 1,530,620 | 1,489,560 | 1,491,100 | 2,170,550 | 1,958,440 | 1,963,760 |
| Inventory turnover | 2.63 | 2.84 | 3.33 | 2.45 | 2.48 | 2.35 | 1.98 | 1.84 | 2.03 | 1.93 | 1.96 | 2.33 | 2.62 | 2.91 | 3.16 | 3.28 | 3.23 | 1.93 | 2.12 | 2.10 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,286,906K ÷ $871,044K
= 2.63
Hanesbrands Inc's inventory turnover has fluctuated over the past few years.
From March 31, 2020, to June 30, 2022, the inventory turnover remained relatively stable, ranging between 1.93 and 3.28. This indicates that the company effectively managed its inventory levels during this period.
However, from June 30, 2022, to September 30, 2024, there was a downward trend in inventory turnover, dropping to as low as 1.93. This may suggest potential issues with inventory management or a slowdown in sales during this period.
The inventory turnover experienced a significant increase to 3.33 on June 30, 2024, indicating a more efficient use of inventory in generating sales at the end of the period.
Overall, Hanesbrands Inc should continue monitoring its inventory turnover to ensure optimal inventory management and adapt to changing market conditions to improve its operational efficiency.